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Reynolds Consumer Products Inc. (REYN) delivers essential household solutions through trusted brands like Reynolds Wrap and Hefty. This news hub provides investors and industry professionals with timely updates on corporate developments shaping the consumer goods sector.
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Discover updates across key operational areas including manufacturing advancements, retail partnerships, and brand expansions. Bookmark this page for streamlined monitoring of REYN's performance in competitive markets across 100+ countries.
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.
Reynolds Kitchens, a brand of Reynolds Consumer Products, is hiring a Cookie Connoisseur for the holiday season, offering $5,000 to the selected candidate. The role involves creating five unique cookie recipes, one of which will be featured in their virtual Cookie Countdown to 2021. Interested bakers can apply by submitting a recipe with a wacky ingredient by December 8, 2020. Additionally, Reynolds will send complimentary cookie kits to 100 non-selected applicants. This initiative aims to bring festive joy amid the year's challenges.
Reynolds Consumer Products reported strong Q3 2020 results, with net revenues of $823 million, up from $741 million in the prior year. Net income surged to $113 million, a $50 million increase from Q3 2019. Key drivers include robust consumer demand and a favorable debt structure. Adjusted EBITDA reached $192 million, reflecting lower material costs despite increased advertising expenses. For the fiscal year, Reynolds expects revenue between $3.24 billion and $3.26 billion, with net income projected at $362 million to $365 million.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will announce its third-quarter results on November 11, 2020, after market close. A conference call will take place at 4:00 PM CT to discuss the results, accessible via U.S. and international phone lines. Additionally, a live webcast can be streamed from the company's website, available for 30 days post-event. Reynolds Consumer Products serves 95% of U.S. households with leading brands in cooking, waste and storage, and tableware, holding top market shares in several product categories.
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