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. (REYN) announced it will report its fourth quarter and full year results for the period ending December 31, 2021, on February 9, 2022, prior to market opening. A conference call will be held at 7:00 a.m. CT to discuss the results, with dial-in options available for U.S. and international investors. The call will also be accessible via a live webcast on the company's website, which will be archived for 30 days. Reynolds is a market leader in consumer products, holding a top market share position in most categories it operates within.
Reynolds Consumer Products reported a 10% increase in net revenues to $905 million for Q3 2021, driven by strong demand and pricing adjustments. However, net income fell by 42% to $66 million, reflecting rising material and labor costs. Adjusted EBITDA decreased 31% to $132 million. The company anticipates high single-digit revenue growth for the fiscal year, amid increasing cost pressures estimated at over $450 million. A quarterly dividend of $0.23 per share has been approved, with payment scheduled for November 30, 2021.
Reynolds Consumer Products Inc. has declared a quarterly cash dividend of $0.23 per common share. This dividend will be paid on November 30, 2021, to shareholders of record as of November 16, 2021. With a presence in 95% of U.S. households, Reynolds is a leader in consumer products, including cooking, waste, and disposable tableware, holding a top market share in most categories. The dividend reflects the company's commitment to shareholder value and financial health.
Thomas Degnan, a board member of Reynolds Consumer Products, announced his retirement effective October 31. Serving since 2019, he chaired the Compensation, Nominating and Governance Committee. His leadership was vital during the transition to a publicly traded company and he provided invaluable insights during his tenure. CEO Lance Mitchell credited Degnan for his guidance over nearly 14 years, influencing operational strategies. Degnan also retired from Pactiv Evergreen in 2021 after serving as CEO since 2007.
Reynolds Consumer Products Inc. (NASDAQ: REYN) will release its third-quarter results for the period ending September 30, 2021, on November 4, 2021, before the market opens. A conference call to discuss the results is scheduled for 7:00 a.m. Central Time. Interested investors can participate via phone or a live webcast on the company's website. Reynolds is a leading consumer products company, holding significant market shares across cooking products, waste & storage products, and disposable tableware, reaching 95% of U.S. households.
Reynolds Consumer Products reported second quarter 2021 results with net revenues of $873 million, a 6% increase from last year. Net income was $80 million, reflecting a 29% decline year-over-year, largely due to rising material costs. Adjusted EBITDA decreased 23% to $148 million. Pricing strategies have been implemented to counter inflationary pressures, with expectations for improved profitability in Q4. The company anticipates high single-digit revenue growth for the fiscal year, with net income guidance between $311 million to $332 million.
Reynolds Consumer Products Inc. announced a quarterly cash dividend of $0.23 per common share on July 29, 2021. This dividend will be paid on August 31, 2021 to shareholders on record as of August 17, 2021. Reynolds, a leading consumer products company, aims to simplify daily life and operates in 95% of U.S. households. The company maintains strong market presence with leading brand positions in categories including cooking products, waste & storage products, and disposable tableware.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will announce its second-quarter results for the period ending June 30, 2021, on August 2, 2021, after market close. A conference call is scheduled for 4:00 p.m. CT (5:00 p.m. ET) to discuss the results. Investors can join by calling 877-423-9813 (U.S.) or 201-689-8573 (internationally). A replay will be available until August 16, 2021. Reynolds Consumer Products is a leading company in the household consumer products sector, holding significant market share across various product categories, including cooking and disposable tableware.
Reynolds Wrap is offering a unique opportunity for grill novices to become the Reynolds Rookie Griller and earn $10,000. From now until June 18, applicants can submit a photo of their biggest #GrillFail along with a story to showcase their grilling fears. Selected candidates will receive one-on-one virtual grilling lessons from expert Steven Raichlen. This initiative aims to boost grilling confidence during the summer grilling season, emphasizing fun and learning for those intimidated by grilling.
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