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. (Nasdaq: REYN) generates a steady flow of news tied to its role in household essentials, including cooking, cleanup, food storage and disposable tableware. As the company behind brands such as Reynolds Wrap aluminum foil and Hefty trash bags and tableware, along with store brand offerings, its announcements reflect both consumer-facing product activity and financial performance.
News for REYN often includes quarterly and year-to-date financial results, where the company reports net revenues, net income, adjusted net income and adjusted EBITDA, along with segment performance for Reynolds Cooking and Baking, Hefty Waste and Storage, Hefty Tableware and Presto Products. These releases also discuss retail and non-retail revenue trends, volume changes, pricing actions and cost dynamics.
Investors can also expect corporate and capital allocation updates, such as declarations of regular quarterly cash dividends and commentary on net debt and leverage. Current reports on Form 8-K highlight the release of earnings information and other material events, including board changes.
From a consumer and brand perspective, Reynolds Consumer Products issues news about product initiatives and seasonal offerings. For example, the company has announced special edition embossed Reynolds Wrap Fun Foil with holiday patterns, designed to enhance homemade food gifting and gatherings, and has described collaborations with designers to create festive patterns.
Reynolds Consumer Products also appears in index and conference announcements, such as its addition to the S&P SmallCap 600 index in the Consumer Staples sector and participation in investor conferences. For ongoing coverage of REYN news, this page aggregates earnings releases, dividend declarations, product news and corporate updates in one place.
Reynolds Kitchens® has launched its new Pink Butcher Paper with Slide Cutter nationwide, designed for meat smoking enthusiasts. This FDA-compliant butcher paper protects the meat's bark while sealing in moisture. It features an innovative slide cutter for easy handling, comes in a robust 40-lb. format, and is resistant to leaks and tears. The Pink Butcher Paper is now available at select Walmart and grocery stores, priced at $9.99 for 75 sq. ft. and $24.99 for 225 sq. ft. on Amazon and Samsclub.com.
Reynolds Consumer Products reported Q1 2021 results, showcasing net revenues of $757 million, a 4% increase year-over-year. The net income stood at $74 million, with EPS at $0.35. Key segments showed varied performance, with Cooking & Baking revenues up 12%, while Hefty Tableware and Presto Products faced declines of 4% and 1%, respectively. The company anticipates high single-digit revenue growth for 2021, despite facing over $300 million in cost pressures. A quarterly dividend of $0.23 per share is set for payment on May 27, 2021.
Reynolds Consumer Products Inc. (Nasdaq: REYN) has announced a quarterly cash dividend of $0.23 per common share, set to be paid on May 27, 2021, to shareholders on record as of May 13, 2021. The company serves 95% of U.S. households, selling products across three categories: cooking, waste & storage, and tableware under well-known brands like Reynolds and Hefty. It holds a leading market share in most of its product categories, reinforcing its strong position in the consumer goods market.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will report its financial results for Q1 2021 on May 5, 2021, before market open. A conference call is scheduled for the same day at 7:00 a.m. CT to discuss the results. Investors can join the call at 877-423-9813 (U.S.) or 201-689-8573 (internationally). A replay will be available until May 19, 2021. The conference call can also be accessed via a live webcast on the Company’s website, where it will be archived for 30 days. RCP has a notable presence in 95% of U.S. households and leads the market in various product categories.
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Reynolds Consumer Products has appointed Allen Hugli to its Board of Directors, effective March 19, 2021. Hugli, with a robust background in the consumer packaged goods sector, brings extensive experience as the Chief Financial Officer of Rank Group Limited and Pactiv Evergreen. The company believes his expertise will foster innovation and growth. Reynolds Consumer Products, a market leader in consumer goods, serves 95% of U.S. households, holding dominant market positions in various product categories.
Reynolds Consumer Products reported a strong performance for the fiscal year 2020, with net revenues of $3.263 billion, up 8% year-over-year. The company achieved a net income of $363 million and adjusted EBITDA of $717 million, marking a 9% increase. The fourth quarter saw net revenues of $888 million, reflecting a 6% increase, despite a 7% drop in adjusted EBITDA due to rising costs. Looking ahead, Reynolds expects low single-digit revenue growth for 2021 and projects net income between $400-415 million.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will report its fourth quarter and full year results for the period ending December 31, 2020, on February 9, 2021, after market hours. A conference call is scheduled for the same day at 4:00 p.m. CT (5:00 p.m. ET) for discussions surrounding these results. Investors can participate via phone or access a live webcast on the company’s website, which will be archived for 30 days. RCP is a leading consumer products company, holding significant market shares across cooking, waste, storage, and tableware categories.
Reynolds Kitchens, a brand of Reynolds Consumer Products, is hiring a Cookie Connoisseur for the holiday season, offering $5,000 to the selected candidate. The role involves creating five unique cookie recipes, one of which will be featured in their virtual Cookie Countdown to 2021. Interested bakers can apply by submitting a recipe with a wacky ingredient by December 8, 2020. Additionally, Reynolds will send complimentary cookie kits to 100 non-selected applicants. This initiative aims to bring festive joy amid the year's challenges.
Reynolds Consumer Products reported strong Q3 2020 results, with net revenues of $823 million, up from $741 million in the prior year. Net income surged to $113 million, a $50 million increase from Q3 2019. Key drivers include robust consumer demand and a favorable debt structure. Adjusted EBITDA reached $192 million, reflecting lower material costs despite increased advertising expenses. For the fiscal year, Reynolds expects revenue between $3.24 billion and $3.26 billion, with net income projected at $362 million to $365 million.