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 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.
Reynolds Consumer Products Inc. (REYN) reported a 9% increase in net revenues, totaling $3,556 million for fiscal year 2021, although net income fell 11% to $324 million. Q4 2021 revenues reached $1,021 million, up 15%, yet net income decreased 6% to $105 million. The company anticipates 9% to 12% revenue growth for 2022, driven by pricing and strong demand, despite facing nearly $400 million in cost pressures. A quarterly dividend of $0.23 per share is set for distribution on February 28, 2022. Earnings per share guidance for 2022 ranges from $1.52 to $1.66.
Reynolds Consumer Products Inc. announced a quarterly cash dividend of $0.23 per common share, approved by the Board of Directors on January 27, 2022. This dividend will be paid on February 28, 2022, to shareholders of record as of February 14, 2022. Reynolds operates in three categories: cooking products, waste & storage, and disposable tableware, holding a leading market position in 96% of U.S. households. Their products are predominantly sold under the Reynolds and Hefty brands, emphasizing their significant market share.