Reynolds Consumer Products Inc. Stock Price, News & Analysis

Reynolds Consumer Products Inc. announced a quarterly cash dividend of $0.23 per common share, approved by its Board of Directors on October 27, 2022. This dividend is set to be paid on November 30, 2022 to shareholders on record as of November 16, 2022.

With a mission to simplify daily life, Reynolds is a leading consumer products company with a presence in 95% of U.S. households. The company holds a #1 or #2 U.S. market share in most product categories it participates in.

Reynolds Consumer Products Inc. (Nasdaq: REYN) will announce its Q3 2022 results on November 8, 2022, before market opening. A conference call will occur at 7:00 a.m. Central Time, where investors can participate by calling 877-423-9813 (U.S.) or 201-689-8573 (internationally). The results will also be available through a live webcast on the Company’s website. RCP, known for brands like Reynolds and Hefty, maintains a leading market share in many product categories across the U.S.

Reynolds Consumer Products Inc. (Nasdaq: REYN) has reaffirmed its earnings guidance for the third quarter and fiscal year ending December 31, 2022. However, it has adjusted its net revenue growth outlook for Q3 to the lower end of its range, estimating an increase of 8% to 12% on $905 million in the previous year. This adjustment is attributed to declines in third party non-retail sales volumes and impacts from market re-openings on its waste and food bag categories. Management will present at the Barclays Global Consumer Staples Conference today.

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.