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14.05.25 - 14:06
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Reynolds Consumer Products Announces Executive Leadership Team Changes (Business Wire)
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Carlen Hooker appointed Chief Commercial Officer
Ryan Clark appointed President, Hefty Tableware
LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”), a leading provider of household products, today announced executive leadership team changes to accelerate the Company's strategy to drive revenue growth, market share gains and margin expansion.
Carlen Hooker has been appointed Chief Commercial Officer, effective June 16, 2025. Hooker is a recognized CPG executive who brings strong commercial operations expertise from Church & Dwight, Ferrero U.S.A., Novartis, Pfizer and other renowned brands. She has a track record of driving growth, building high-performance teams and delivering results in dynamic markets. She succeeds Steve Pace, who is retiring from the Company and will partner with Hooker to ensure a seamless transition through July 31, 2025.
Ryan Clark has been appointed President, Hefty Tableware, effective May 20, 2025. Clark brings over 25 years of...
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30.04.25 - 13:03
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Reynolds Consumer Products Reports First Quarter 2025 Financial Results (Business Wire)
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Driving Share Gains Across Business
Investing in Attractive Growth and Cost Savings Programs
Updating Fiscal 2025 Outlook
LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (the “Company” or “RCP”) (Nasdaq: REYN) today reported financial results for the first quarter ended March 31, 2025.
First Quarter 2025 Highlights
Net Revenues of $818 million vs. $833 million in Q1 2024
Retail Net Revenues decreased 3% to $767 million
Retail volume decreased 4% and was impacted by a later Easter timing and retailer destocking
Non-Retail Revenues, which comprises aluminum sales to food service and industrial customers, increased $12 million to $51 million
Net Income of $31 million vs. $49 million in Q1 2024; Adjusted Net Income of $49 million was unchanged vs. Q1 2024
Adjusted EBITDA of $117 million vs. $122 million in Q1 2024
Earnings Per Share of $0.15 vs. $0.23 in Q1 2024; Adjusted Earnings Per Share of $0.23 was unchanged vs. Q1 2024
Net Income decreased to $31 million versus $49 million in...
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24.04.25 - 22:06
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Reynolds Consumer Products Declares Regular Quarterly Cash Dividend (Business Wire)
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LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable May 30, 2025, to shareholders of record on May 16, 2025.
About Reynolds Consumer Products Inc.
Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® tableware and trash bags, as well as dedicated store brands which are strategically important to retail customers. Overall, Reynolds Consumer Products holds the No. 1 or No. 2 U.S. market share position in the majority of product categories it serves. For more information, visit https://investors.reynoldscons...
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16.04.25 - 15:03
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Reynolds Consumer Products to Report First Quarter Financial Results on April 30, 2025 (Business Wire)
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LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”) announced it will report first quarter financial results on Wednesday, April 30, 2025.
The Company's President and Chief Executive Officer, Scott Huckins, and Chief Financial Officer, Nathan Lowe, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.reynoldsconsumerproducts.com/.
About Reynolds Consumer Products Inc.
Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® trash bags and disposable tableware, as well as dedicated stor...
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04.03.25 - 22:06
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Reynolds Consumer Products Announces Debt Refinancing of Term Loan Facility (Business Wire)
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LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”), a leading provider of household products, today announced the successful refinancing of the remaining $1.645 billion principal of its original $2.475 billion term loan facility, extending the maturity of its debt and further enhancing the Company's financial flexibility.
The new term loan will mature in 2032, extending the maturity of the Company's existing term loan by approximately 5 years. Reflecting the Company's strong credit profile, the new term loan was priced with no original issue discount and bears interest at the Secured Overnight Financing Rate (SOFR) plus 175 basis points per annum, representing a 10 basis point credit spread reduction compared to the rate on the existing term loan.
JP Morgan served as lead-left arranger for the term loan refinancing.
“We are very pleased with the successful completion of this refinancing which underscores the strength of our credit profile, strong fr...
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05.02.25 - 13:03
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Reynolds Consumer Products Reports Fourth Quarter and Full Year 2024 Financial Results; Provides 2025 Outlook (Business Wire)
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Net Income Grew 18% on Improved Margins
Retail Volumes Accelerated in Q4
Investing Strong Cash Flow in Future Revenue Growth and Additional Margin ExpansionLAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) today reported financial results for the fourth quarter and fiscal year ended December 31, 2024.
Fiscal Year 2024 Highlights
Net Revenues of $3,695 million vs. $3,756 million in 2023
Retail Net Revenues of $3,518 million vs. $3,559 million in 2023
Non-Retail Net Revenues, which comprises aluminum sales to food service and industrial customers, of $177 million vs. $197 million in 2023
Net Income and Adjusted Net Income of $352 million vs. $298 million in 2023
EBITDA and Adjusted EBITDA of $678 million vs. $636 million in 2023
Earnings Per Share and Adjusted Earnings Per Share of $1.67 vs. $1.42 in 2023
Operating Cash Flow of $489 million; 72% conversion of Adjusted EBITDA
Retail volume decreased 1% for the year driven by a one-point headwind from produ...
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30.01.25 - 22:06
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Reynolds Consumer Products Declares Regular Quarterly Cash Dividend (Business Wire)
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LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable February 28, 2025, to shareholders of record on February 14, 2025.
About Reynolds Consumer Products Inc.
Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® tableware and trash bags, as well as dedicated store brands which are strategically important to retail customers. Overall, Reynolds Consumer Products holds the No. 1 or No. 2 U.S. market share position in the majority of product categories it serves. For more information, visit https://investors.re...
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22.01.25 - 14:06
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Reynolds Consumer Products to Report Fourth Quarter and Full Year 2024 Financial Results on February 5, 2025 (Business Wire)
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LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”) announced it will report fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025.
The Company's President and Chief Executive Officer, Scott Huckins, and Chief Financial Officer, Nathan Lowe, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.reynoldsconsumerproducts.com/.
About Reynolds Consumer Products Inc.
Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® trash bags and disposable tableware, as ...
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