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 Consumer Products (Nasdaq: REYN) has scheduled its first quarter 2025 financial results announcement for Wednesday, April 30, 2025. The company will host a live webcast at 7:00 a.m. CT (8:00 a.m. ET) featuring President and CEO Scott Huckins and CFO Nathan Lowe to discuss the quarterly performance. Investors can access the webcast and related materials through the company's investor relations website.
Reynolds Consumer Products (REYN) has successfully refinanced $1.645 billion of its original $2.475 billion term loan facility. The new term loan, maturing in 2032, extends the previous maturity by approximately 5 years. The refinancing includes improved terms with no original issue discount and bears interest at SOFR plus 175 basis points per annum, representing a 10 basis point reduction in credit spread compared to the existing loan.
The refinancing, led by JP Morgan, follows the company's previously announced upsized revolving credit facility in October. CFO Nathan Lowe highlighted that this refinancing demonstrates the company's strong credit profile, robust free cash flow, and disciplined capital management approach.
Reynolds Consumer Products (REYN) reported its Q4 and full-year 2024 results, showing mixed performance. Full-year net revenues decreased to $3,695 million from $3,756 million in 2023, while net income grew 18% to $352 million. Adjusted EBITDA increased 7% to $678 million.
Q4 2024 showed retail volume growth of 1%, with net revenues of $1,021 million, up from $1,007 million in Q4 2023. However, Q4 net income decreased 12% to $121 million, and Adjusted EBITDA fell 11% to $213 million.
The company reduced its Net Debt Leverage from 2.7x to 2.3x. For 2025, Reynolds expects net revenues to decrease in low single digits, with Adjusted EBITDA projected between $670-690 million. The company declared a quarterly dividend of $0.23 per share.
Reynolds Consumer Products (Nasdaq: REYN) has announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend will be paid on February 28, 2025, to shareholders who are on record as of February 14, 2025.
Reynolds Consumer Products (Nasdaq: REYN) has scheduled its fourth quarter and full year 2024 financial results announcement for February 5, 2025. The company will host a live webcast at 7:00 a.m. CT (8:00 a.m. ET) on the same day, featuring President and CEO Scott Huckins and CFO Nathan Lowe. Investors can access the webcast and related earnings materials through the company's investor relations website.
Reynolds Consumer Products (REYN) reported Q3 2024 financial results with net revenues of $910 million, down from $935 million in Q3 2023. Despite lower revenues, net income increased 10% to $86 million, and Adjusted EBITDA rose 4% to $171 million. The company's earnings per share improved to $0.41 from $0.37 year-over-year. Operating cash flow reached $307 million in the first nine months of 2024. The company announced planned CEO and CFO transitions, with Lance Mitchell retiring as President and CEO effective January 1, 2025, to be succeeded by Scott E. Huckins. The company updated its full-year 2024 guidance, expecting net revenues between $3,620-$3,660 million.
Reynolds Consumer Products (Nasdaq: REYN) has announced a quarterly cash dividend of $0.23 per common share. The dividend will be paid on November 29, 2024, to shareholders who are recorded as of November 15, 2024.
Reynolds Wrap has introduced Fun Foil with Holiday Pattern, a -edition embossed aluminum foil designed for festive occasions. This innovative product features an original winter wonderland design created in collaboration with designer Brittany Jepsen from The House That Lars Built. The foil is intended for wrapping homemade food gifts, covering holiday potluck dishes, and sharing leftovers.
Available on Amazon.com and Walmart.com while supplies last, the Fun Foil with Holiday Pattern aims to elevate holiday celebrations by adding a cheerful and festive twist to Reynolds Wrap's classic foil. The product joins Reynolds' lineup of solutions that simplify holiday meal prep, cooking, and cleanup, continuing the brand's 75-year tradition of being part of families' holiday traditions.
Reynolds Consumer Products Inc. (Nasdaq: REYN) has announced an amendment to its credit agreement, replacing its undrawn $250 million senior secured revolving credit facility with an undrawn $700 million senior secured revolving credit facility. The new facility, led by Wells Fargo, extends the maturity date from February 2026 to October 2029.
The upsized facility aligns Reynolds with companies of similar credit strength. The company's existing senior secured term loan facility, maturing in February 2027, remains unchanged with $1.784 billion outstanding as of June 30, 2024.
CFO Scott Huckins stated that the company's capital allocation priorities remain unchanged, and this move aims to optimize their capital structure and increase financial flexibility. Reynolds continues to monitor market conditions for refinancing the term loan facility, leveraging its strong cash flow profile and improved credit metrics.
Reynolds Consumer Products Inc. (Nasdaq: REYN) has announced that it will report its third quarter 2024 financial results on Wednesday, October 30, 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 all related earnings materials through the company's investor relations website at https://investors.reynoldsconsumerproducts.com/.