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.
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/.
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.