Welcome to our dedicated page for Reynolds Consumer Products news (Ticker: REYN), a resource for investors and traders seeking the latest updates and insights on Reynolds Consumer Products stock.
Reynolds Consumer Products Inc., headquartered in Lake Forest, Illinois, is a leading provider of household essentials and operates under several world-class brands. The company is well-known for its flagship Reynolds® products, which include the iconic Reynolds Wrap® aluminum foil, Reynolds® brand parchment paper, oven bags, slow cooker liners, and baking cups. Their product line extends to Cut-Rite® wax paper.
Another prominent brand under their umbrella is Hefty®. Hefty® is celebrated for its strong and dependable waste bags, as well as its slider bags, foam plates, and plastic cups. The company's products are widely available in the United States at mass merchants, grocers, and other retail stores, and are also distributed in approximately 100 countries worldwide.
Reynolds Consumer Products operates through four main reportable segments:
- Reynolds Cooking and Baking: This segment focuses on branded and store brand aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners.
- Hefty Waste and Storage: Known for its durable waste bags and versatile storage solutions.
- Hefty Tableware: This segment offers sturdy foam plates and plastic cups, suited for various occasions and needs.
- Presto Products: This segment includes a range of products aimed at convenience and efficiency in the home.
The firm prides itself on delivering quality household products that meet everyday needs. With a wide-reaching presence and a commitment to innovation, Reynolds Consumer Products continues to lead the market in household essentials. For more information about their extensive range of products, visit their websites: Reynolds Consumer Products, Hefty, and Reynolds Kitchens.
Reynolds Consumer Products Inc. (Nasdaq: REYN) has announced its participation in the Barclays Global Consumer Staples Conference in Boston. Lance Mitchell, President and CEO, and Scott Huckins, CFO, will host a fireside chat on September 4, 2024, at 1:30 p.m. ET.
The event will be webcast live and can be accessed through the company's website in the 'Events & Presentations' section. A replay of the webcast will be available after the event. This participation provides an opportunity for investors and analysts to gain insights into Reynolds Consumer Products' strategies and performance directly from its top executives.
Reynolds Consumer Products Inc. (Nasdaq: REYN) reported strong Q2 2024 financial results, with Net Revenues of $930 million and Retail Revenue Growth of 1% ahead of expectations. Net Income and Adjusted EBITDA increased by 47% and 15% respectively. The company raised its full-year guidance for Net Revenue, Adjusted EBITDA, and Net Income. Key highlights include:
- Retail Net Revenues increased 1% to $892 million
- Net Income and Adjusted Net Income of $97 million
- Adjusted EBITDA of $172 million
- Earnings Per Share of $0.46
- Net Debt Leverage reduced to 2.4x at quarter-end
The company's strong performance was driven by manufacturing volume output, lower operational costs, and outperformance in several product categories. Reynolds Consumer Products continues to focus on innovation, cost reduction, and strategic investments for long-term growth.
Reynolds Consumer Products Inc. (Nasdaq: REYN) has announced a quarterly cash dividend of $0.23 per common share. The dividend will be payable on August 30, 2024, to shareholders of record as of August 16, 2024. This declaration by the Board of Directors demonstrates the company's commitment to returning value to its shareholders through regular dividend payments.
Reynolds Consumer Products Inc. (Nasdaq: REYN) has announced that it will release its second quarter 2024 financial results on Wednesday, August 7, 2024. The company's President and CEO, Lance Mitchell, along with CFO Scott Huckins, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) on the same day. Investors and interested parties can access the webcast and related earnings materials through the company's investor relations website at https://investors.reynoldsconsumerproducts.com/.
Reynolds Wrap and ButcherBox have teamed up to launch the first-ever BBQterie Kits just in time for summer. These kits, available for $119 from June 13, 2024, include grilling essentials like Reynolds Wrap Heavy Duty Foil and high-quality meats from ButcherBox. The kit also features recipes and a BBQterie guide by experts Emmy Rener and Ben McGraw. The collaboration aims to simplify summer grilling and elevate gatherings. The kits are exclusively available online at ButcherBox.com while supplies last.
Reynolds Consumer Products Inc. reported strong first-quarter financial results with net income and adjusted EBITDA increasing by 188% and 49% respectively. The company saw a decrease in net revenues but delivered record Q1 cash flow and made a $50 million voluntary principal payment after the quarter end. Net debt leverage reduced to 2.5x at the end of the quarter. The CEO highlighted the commitment to driving categories, expanding margins, and increasing financial flexibility
Alterra collaborates with Firstar Fiber and Hefty® Brand to successfully convert hard-to-recycle plastics into new products, reducing landfill waste, dependency on new materials, and greenhouse gas emissions. The Hefty ReNew™ program offers an easy way to recycle, with specific orange bags for collection. Firstar Fiber processes these plastics into feedstock cubes. Alterra's recycling facility in Akron converts these plastics into new products globally. The collaboration aims to divert 5 million tons from landfills and reduce GHG emissions.
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