Reynolds Consumer Products Inc. Stock Price, News & Analysis

Reynolds Kitchens® has launched its new Pink Butcher Paper with Slide Cutter nationwide, designed for meat smoking enthusiasts. This FDA-compliant butcher paper protects the meat's bark while sealing in moisture. It features an innovative slide cutter for easy handling, comes in a robust 40-lb. format, and is resistant to leaks and tears. The Pink Butcher Paper is now available at select Walmart and grocery stores, priced at $9.99 for 75 sq. ft. and $24.99 for 225 sq. ft. on Amazon and Samsclub.com.

Reynolds Consumer Products reported Q1 2021 results, showcasing net revenues of $757 million, a 4% increase year-over-year. The net income stood at $74 million, with EPS at $0.35. Key segments showed varied performance, with Cooking & Baking revenues up 12%, while Hefty Tableware and Presto Products faced declines of 4% and 1%, respectively. The company anticipates high single-digit revenue growth for 2021, despite facing over $300 million in cost pressures. A quarterly dividend of $0.23 per share is set for payment on May 27, 2021.

Reynolds Consumer Products Inc. (Nasdaq: REYN) has announced a quarterly cash dividend of $0.23 per common share, set to be paid on May 27, 2021, to shareholders on record as of May 13, 2021. The company serves 95% of U.S. households, selling products across three categories: cooking, waste & storage, and tableware under well-known brands like Reynolds and Hefty. It holds a leading market share in most of its product categories, reinforcing its strong position in the consumer goods market.

Reynolds Consumer Products Inc. (Nasdaq: REYN) will report its financial results for Q1 2021 on May 5, 2021, before market open. A conference call is scheduled for the same day at 7:00 a.m. CT to discuss the results. Investors can join the call at 877-423-9813 (U.S.) or 201-689-8573 (internationally). A replay will be available until May 19, 2021. The conference call can also be accessed via a live webcast on the Company’s website, where it will be archived for 30 days. RCP has a notable presence in 95% of U.S. households and leads the market in various product categories.

Reynolds Consumer Products has appointed Allen Hugli to its Board of Directors, effective March 19, 2021. Hugli, with a robust background in the consumer packaged goods sector, brings extensive experience as the Chief Financial Officer of Rank Group Limited and Pactiv Evergreen. The company believes his expertise will foster innovation and growth. Reynolds Consumer Products, a market leader in consumer goods, serves 95% of U.S. households, holding dominant market positions in various product categories.

Reynolds Consumer Products reported a strong performance for the fiscal year 2020, with net revenues of $3.263 billion, up 8% year-over-year. The company achieved a net income of $363 million and adjusted EBITDA of $717 million, marking a 9% increase. The fourth quarter saw net revenues of $888 million, reflecting a 6% increase, despite a 7% drop in adjusted EBITDA due to rising costs. Looking ahead, Reynolds expects low single-digit revenue growth for 2021 and projects net income between $400-415 million.

Reynolds Consumer Products Inc. (Nasdaq: REYN) will report its fourth quarter and full year results for the period ending December 31, 2020, on February 9, 2021, after market hours. A conference call is scheduled for the same day at 4:00 p.m. CT (5:00 p.m. ET) for discussions surrounding these results. Investors can participate via phone or access a live webcast on the company’s website, which will be archived for 30 days. RCP is a leading consumer products company, holding significant market shares across cooking, waste, storage, and tableware categories.