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Dec 31, 2021
Reynolds Q4 2021 Earnings Report
Reynolds reported fourth quarter and fiscal year 2021 financial results.
Key Takeaways
Reynolds Consumer Products reported a 15% increase in net revenues for Q4 2021, reaching $1,021 million. Net income was $105 million, a decrease of 6% compared to the previous year, and Adjusted EBITDA was $181 million, down 9% versus last year’s Adjusted EBITDA.
Net revenues increased 15% driven by pricing to offset increased material costs, strong demand and continued benefits from innovation.
Net income decreased 6% versus last year’s net income.
Adjusted EBITDA decreased 9% versus last year’s Adjusted EBITDA as price increases lagged increases in material, labor and logistics costs, partially offset by higher volume and lower SG&A.
The company expects 9% to 12% revenue growth for fiscal 2022.
Revenue by Segment
Forward Guidance
The Company expects 9% to 12% revenue growth for fiscal 2022, driven primarily by pricing as well as continued strong consumption across our categories, innovation, and retail replenishment.
Positive Outlook
- Revenue growth driven primarily by pricing.
- Continued strong consumption across categories.
- Innovation.
- Retail replenishment.
- Stable resin and aluminum rates.
Challenges Ahead
- Cost pressures of nearly $400 million.
- Elasticity remains lower than pre-pandemic rates.
- Staffing disruptions.
- Third-party manufacturing disruptions.
- Logistics related disruptions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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