Reynolds Consumer Products Inc. Stock Price, News & Analysis

Reynolds Consumer Products Inc. (NASDAQ: REYN) announced a fireside chat at the Barclays Global Consumer Staples Conference in Boston on September 8, 2022, at 7:30 a.m. ET. The event will be webcast live and archived for later access on the Company's Investor Relations website. Reynolds, a leading consumer products company, aims to simplify daily life for consumers and has a presence in 95% of U.S. households, offering products across cooking, waste, storage, and tableware categories under well-known brands like Reynolds and Hefty.

Reynolds Consumer Products Inc. (Nasdaq: REYN) reported Q2 2022 results, with net revenues of $917 million, a 5% increase year-over-year. However, net income fell 35% to $52 million, influenced by reduced foil consumption and rising costs. Adjusted EBITDA dropped 20% to $118 million. The firm anticipates 8% to 11% revenue growth for the fiscal year, with net income projected between $269 million and $292 million. A quarterly dividend of $0.23 per share was also announced, payable by August 31, 2022.

Reynolds Consumer Products Inc. (NASDAQ: REYN) will report its second-quarter results for the period ending June 30, 2022, on August 9, 2022, before market open. A conference call will take place at 7:00 a.m. Central Time to discuss financial results. Interested investors can join the call either by phone or through a live webcast available on the company's investor website, which will be archived for 30 days. Reynolds Consumer Products is a leading consumer products company operating in 95% of U.S. households, specializing in cooking, waste and storage, and disposable tableware.

Reynolds Wrap announces an exciting opportunity for outdoor enthusiasts to become its first-ever Chief Grillderness Officer. Selected candidates will receive $10,000, a recreational vehicle, and grilling essentials to explore various U.S. national and state parks. Applicants must submit a 200-word camping adventure plan, their favorite grilling meal, and reasons for their suitability. This initiative, open until August 4, aims to celebrate summer grilling and the joy of outdoor cooking.

Reynolds Consumer Products reported Q1 2022 net revenues of $845 million, up 12% year-over-year, driven by price increases despite a 30% decline in net income to $52 million. Adjusted EBITDA fell 20% to $112 million, impacted by rising costs and lower volumes. The company anticipates a 2022 revenue growth of 9%-12% and has declared a quarterly dividend of $0.23 per share. For Q2, net revenues are expected to grow 6%-8% with EPS projected between $0.22 to $0.26.

Reynolds Consumer Products Inc. (REYN) announced a quarterly cash dividend of $0.23 per common share, approved by its Board of Directors on April 28, 2022. This dividend is scheduled for payment on May 31, 2022, to shareholders recorded as of May 17, 2022. Reynolds is a leading consumer products company, present in 95% of U.S. households, holding a strong market share in cooking, waste, and disposable tableware categories.

Reynolds Consumer Products Inc. (Nasdaq: REYN) will report its first quarter results for the period ending March 31, 2022, on May 10, 2022, before market open. A conference call to discuss the results will occur at 7:00 a.m. Central Time. Investors can join by calling 877-423-9813 (U.S.) or 201-689-8573 (internationally). A replay will be accessible from May 10 until May 24. The company is a leader in consumer products, covering 95% of U.S. households with brands like Reynolds and Hefty.

Reynolds Wrap, known for its foil products, unveils three innovative Candied Ham recipes for Easter, aiming to enhance spring brunches. The new offerings include Jelly Bean Ham, Sour Candy Ham, and Marshmallow Ham, each designed to celebrate seasonal flavors with a colorful twist. Utilizing Reynolds Wrap Non-Stick Foil ensures easy preparation and cleanup, allowing families to enjoy the festive cooking experience. Senior brand manager Lisa Giardina emphasizes the blend of savory and sweet, making these recipes an exciting addition to Easter celebrations.

Reynolds Consumer Products and Dow have launched a collaboration with ByFusion to convert hard-to-recycle plastics collected from the Hefty® EnergyBag® program into ByBlocks, innovative construction-grade materials. This pilot project, based in the Greater Boise area, aims to divert up to 72 tons of plastic waste from landfills. The initial application, a park bench in Manitou Park, showcases the environmental benefits of this initiative. ByFusion's process requires no sorting or chemicals, promoting sustainability and community engagement in addressing plastic waste.