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. reports recurring developments tied to its Nasdaq-listed household products business, including earnings releases, retail volume trends, operational efficiency programs, commodity and macroeconomic conditions, and quarterly cash dividend declarations. The company sells cooking, serving, clean-up, and storage products under brands such as Reynolds, Reynolds Wrap, Reynolds Kitchens, and Hefty, along with store brand products for retail partners.
Company news also covers product innovation across aluminum foil, parchment, prep paper, cooking bags, tableware, waste, and storage categories. Updates frequently include new branded product introductions, consumer product recognition, segment reporting changes, and management commentary on cost reduction, pricing, productivity, and investments in the business.
Thomas Degnan, a board member of Reynolds Consumer Products, announced his retirement effective October 31. Serving since 2019, he chaired the Compensation, Nominating and Governance Committee. His leadership was vital during the transition to a publicly traded company and he provided invaluable insights during his tenure. CEO Lance Mitchell credited Degnan for his guidance over nearly 14 years, influencing operational strategies. Degnan also retired from Pactiv Evergreen in 2021 after serving as CEO since 2007.
Reynolds Consumer Products Inc. (NASDAQ: REYN) will release its third-quarter results for the period ending September 30, 2021, on November 4, 2021, before the market opens. A conference call to discuss the results is scheduled for 7:00 a.m. Central Time. Interested investors can participate via phone or a live webcast on the company's website. Reynolds is a leading consumer products company, holding significant market shares across cooking products, waste & storage products, and disposable tableware, reaching 95% of U.S. households.
Reynolds Consumer Products reported second quarter 2021 results with net revenues of $873 million, a 6% increase from last year. Net income was $80 million, reflecting a 29% decline year-over-year, largely due to rising material costs. Adjusted EBITDA decreased 23% to $148 million. Pricing strategies have been implemented to counter inflationary pressures, with expectations for improved profitability in Q4. The company anticipates high single-digit revenue growth for the fiscal year, with net income guidance between $311 million to $332 million.
Reynolds Consumer Products Inc. announced a quarterly cash dividend of $0.23 per common share on July 29, 2021. This dividend will be paid on August 31, 2021 to shareholders on record as of August 17, 2021. Reynolds, a leading consumer products company, aims to simplify daily life and operates in 95% of U.S. households. The company maintains strong market presence with leading brand positions in categories including cooking products, waste & storage products, and disposable tableware.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will announce its second-quarter results for the period ending June 30, 2021, on August 2, 2021, after market close. A conference call is scheduled for 4:00 p.m. CT (5:00 p.m. ET) to discuss the results. Investors can join by calling 877-423-9813 (U.S.) or 201-689-8573 (internationally). A replay will be available until August 16, 2021. Reynolds Consumer Products is a leading company in the household consumer products sector, holding significant market share across various product categories, including cooking and disposable tableware.
Reynolds Wrap is offering a unique opportunity for grill novices to become the Reynolds Rookie Griller and earn $10,000. From now until June 18, applicants can submit a photo of their biggest #GrillFail along with a story to showcase their grilling fears. Selected candidates will receive one-on-one virtual grilling lessons from expert Steven Raichlen. This initiative aims to boost grilling confidence during the summer grilling season, emphasizing fun and learning for those intimidated by grilling.
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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.