REYN
Reynolds Consumer Products Inc.24.04
-0.27-1.11%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Realignment details, competition color
Q&A fleshed out Q1 2026 category realignment merging Hefty waste/storage and Presto for sharper focus and growth, not cost cuts or big staff shifts. Management doubled down on hefty waste bag pricing despite rival promo surges, with volume hits baked into flat EBITDA outlook. Foil elasticities proved resilient versus 2022, aided by tighter private label gaps and quarterly hikes. Foam category decline halves to ~7% in 2026, now consumer-driven. Private label bids sting early but rebound later. No walk-backs. Answers largely reaffirmed script. Elasticities hold—for now.
Key Stats
Market Cap
5.06BP/E (TTM)
16.69Basic EPS (TTM)
1.44Dividend Yield
0.04%Recent Filings
8-K
Q4 revenue up, EBITDA gains
Reynolds Consumer Products posted Q4 net revenues of $1,034 million, up 1% from $1,021 million, with Adjusted EBITDA rising to $220 million despite commodity headwinds and foam declines. Full-year Adjusted EBITDA dipped to $667 million, yet net debt leverage improved to 2.1x. It gained branded share. 2026 outlook sees flat-to-down revenues, Adjusted EBITDA $660-675 million.
10-K
FY2025 results
Reynolds Consumer Products posted FY2025 net revenues of $3.7B, up 1% y/y from $3.7B, with cooking products rising 4% to $1.3B on pricing and non-retail volume while tableware fell 9% to $850M from foam regulations. Adjusted EBITDA dipped 2% to $667M amid input cost inflation, yet Q4 holiday strength lifted cooking and tableware sales—strongest quarters per seasonality. Net income fell 14% to $301M; diluted EPS $1.43 on 210.4M shares. Debt stood at $1.6B post-refinancing (maturing 2032) with $693M revolver capacity; $192M dividends paid. No annual guidance disclosed. Customer concentration risks loom large.
10-Q
Q3 FY2025 results
Reynolds Consumer Products posted Q3 revenues of $931M, up 2% y/y from $910M yet flat YTD at $2,687M, driven by pricing to offset input costs while volumes dipped in retail. Operating income fell 11% y/y to $123M (gross margin 25.0% from 26.3%), with diluted EPS at $0.38 (reconciles to 210.4M shares), pressured by $11M other expense from strategic initiatives and CEO transition. Cash from operations hit $240M YTD (down from $307M), funding $124M capex; free cash flow not disclosed in the 10-Q. Debt stands at $1,629M after March 2025 term loan extension to 2032, with $693M revolver availability. Steady dividends roll on. Pricing pressures linger.
8-K
Q3 revenue up 2%, guidance lifted
Reynolds Consumer Products posted Q3 net revenues up 2% to $931 million, with retail up 1% despite 2% volume dip from foam headwinds, yet Adjusted EBITDA held at $168 million via pricing discipline. All four units improved results, led by Hefty Waste & Storage volume gains. Raised full-year guidance: Adjusted EPS $1.60-$1.64. Leverage steady at 2.4x.
10-Q
Q2 FY2025 results
Reynolds Consumer Products posted Q2 net revenues of $938M, up 1% y/y from $930M, driven by pricing to offset commodity costs while volumes dipped slightly; gross margin slipped to 24.1% from 27.5% amid higher material and logistics expenses. Operating income fell 16% y/y to $118M, pressured by $12M in strategic initiative and CEO transition costs, yet interest expense eased 12% y/y to $22M after term loan repayments, yielding diluted EPS of $0.35 on 210.3M shares—down 24% y/y but consistent with net income. Cash from operations totaled $147M YTD, down from $183M, with free cash flow of $68M after $79M capex; long-term debt stood at $1,617M under the refinanced term loan maturing March 2032, revolver fully available at $700M less $7M letters of credit. Hefty Waste & Storage held steady with $71M adjusted EBITDA, but Tableware softened on foam declines. Competition and pricing pressures linger as key risks.
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