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 Inc. (Nasdaq: REYN) will announce its financial results for Q4 and the full year ending December 31, 2022, on February 8, 2023, prior to market opening. The company will conduct a conference call at 7:00 a.m. CT (8:00 a.m. ET) to discuss the results. A webcast of the call and related earnings materials will be accessible on the company's investor website. Reynolds Consumer Products is recognized for its household products, including Reynolds Wrap® aluminum foil and Hefty® trash bags, holding leading market positions in most of its categories.
Reynolds Wrap® has launched three innovative turkey recipes for Thanksgiving, inspired by the year's trending food fads. These creative recipes include the It's Corn! Turkey, Turkey Board, and Pasta Chip Turkey, all designed to captivate audiences both at the dinner table and on social media. The brand emphasizes the ease of preparation and cleanup with its Heavy Duty Foil. This initiative showcases Reynolds Wrap's commitment to enhancing mealtime experiences while maintaining its legacy as a staple kitchen product for 75 years.
Reynolds Consumer Products reported third quarter 2022 results showing a 7% increase in net revenues to $967 million. However, net income fell 27% to $48 million, and Adjusted EBITDA decreased by 12% to $116 million. The company cited pricing increases that offset lower volume due to declining non-retail sales. Despite operational challenges, Reynolds gained market share in multiple categories, driven by strategic pricing and innovations. The outlook for fiscal year 2022 anticipates 8% revenue growth but expects mid single-digit volume declines.
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.