Reynolds Consumer Products Reports First Quarter Financial Results
Reynolds Consumer Products Inc. (REYN)
Company Research
Source: Business Wire
Continued Pricing to Offset Cost IncreasesMarket Share Remains StrongPrioritizing Reyvolution Cost Savings Initiatives LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (“Reynolds,” “RCP” or the “Company”) (Nasdaq: REYN) today reported results for the first quarter ended March 31, 2022.First Quarter 2022 HighlightsNet Revenues of $845 million, up 12% over Q1 prior year net revenuesNet Income of $52 million; Adjusted Net Income of $55 millionAdjusted EBITDA of $112 millionEarnings Per Share of $0.25; Adjusted Earnings Per Share of $0.26Net revenues increased 12% on top of record first quarter net revenues in 2021, primarily driven by price increases. Net income was $52 million, down 30% versus last year’s first quarter net income, and Adjusted EBITDA was $112 million, down 20% versus last year’s first quarter Adjusted EBITDA, driven by higher material, manufacturing, logistics and advertising costs as well as lower volume, which were significantly offset by price i
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- Reynolds Consumer Products Declares Regular Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- Reynolds Consumer Products Declares Regular Quarterly Cash DividendBusiness Wire
- Reynolds Consumer Products to Report First Quarter 2024 Financial Results on May 8, 2024Business Wire
- Reynolds Consumer Products Inc. (NASDAQ: REYN) had its price target raised by analysts at Barclays PLC from $27.00 to $28.00. They now have an "equal weight" rating on the stock.MarketBeat
- Reynolds Consumer Products (REYN) Laps the Stock Market: Here's Why [Yahoo! Finance]Yahoo! Finance
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- 2/7/24 - Beat
REYN
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- REYN's page on the SEC website