Reynolds Consumer Products Reports First Quarter 2024 Financial Results [Yahoo! Finance]
Reynolds Consumer Products Inc. (REYN)
Company Research
Source: Yahoo! Finance
Record Q1 Cash Flow and $50 Million Voluntary Principal Payment Made After Quarter End Net Debt Leverage Reduced to 2.5x at Quarter End LAKE FOREST, Ill., May 08, 2024 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 Highlights Net Revenues of $833 million vs. $874 million in Q1 2023 Retail Net Revenues decreased 3% to $794 million, at the high end of Company expectations Non-retail Net Revenues decreased 32% to $39 million, as expected Net Income and Adjusted Net Income of $49 million vs. $17 million in Q1 2023 Adjusted EBITDA of $122 million vs. $82 million in Q1 2023 Earnings Per Share and Adjusted Earnings Per Share of $0.23 vs. $0.08 in Q1 2023 Operating Cash Flow of $99 million vs. $88 million in Q1 2023 Retail volume performed at the high end of Company expectations, decreasing 3% which includes over 1% of portfolio optim
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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 ResultsBusiness Wire
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