Reynolds Consumer Products Reports First Quarter 2024 Financial Results
Reynolds Consumer Products Inc. (REYN)
Company Research
Source: Business Wire
First Quarter Net Income and Adjusted EBITDA Increased 188% and 49%Full Year Net Income Guide Increased, Net Revenue and Adjusted EBITDA Guide ReiteratedRecord Q1 Cash Flow and $50 Million Voluntary Principal Payment Made After Quarter EndNet Debt Leverage1 Reduced to 2.5x at Quarter End LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (“RCP” or the “Company”) (Nasdaq: REYN) today reported financial results for the first quarter ended March 31, 2024.First Quarter 2024 HighlightsNet Revenues of $833 million vs. $874 million in Q1 2023Retail Net Revenues decreased 3% to $794 million, at the high end of Company expectationsNon-retail Net Revenues decreased 32% to $39 million, as expectedNet Income and Adjusted Net Income of $49 million vs. $17 million in Q1 2023Adjusted EBITDA of $122 million vs. $82 million in Q1 2023Earnings Per Share and Adjusted Earnings Per Share of $0.23 vs. $0.08 in Q1 2023Operating Cash Flow of $99 million vs. $88 million in Q1 2023Retail vo
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News
- Reynolds Consumer Products Inc. (NASDAQ:REYN) First-Quarter Results: Here's What Analysts Are Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Reynolds Consumer Products Inc. (NASDAQ: REYN) had its price target raised by analysts at Barclays PLC from $28.00 to $29.00. They now have an "equal weight" rating on the stock.MarketBeat
- Reynolds Consumer Products Inc. (NASDAQ: REYN) had its price target raised by analysts at Canaccord Genuity Group Inc. from $29.00 to $30.00. They now have a "hold" rating on the stock.MarketBeat
- Reynolds Consumer Products Inc. (NASDAQ:REYN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Reynolds Consumer Products Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
REYN
Earnings
- 5/8/24 - Beat
REYN
Sec Filings
- 5/8/24 - Form S-3ASR
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- REYN's page on the SEC website