Reynolds Consumer Products Reports Third Quarter 2024 Financial Results
Reynolds Consumer Products Inc. (REYN)
Company Research
Source: Business Wire
Third Quarter Net Revenues, Retail Volume In Line with ExpectationsThird Quarter Net Income and Adjusted EBITDA Increased 10% and 4%, Respectively, In Line with ExpectationsStrong Free Cash Flow Delivery Continued; $50M Debt Prepayment Made After Quarter EndFull Year Net Revenue, Net Income and Adjusted EBITDA Guide UpdatedPlanned CEO and CFO Transition Announced LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (the “Company” or “RCP”) (Nasdaq: REYN) today reported financial results for the third quarter ended September 30, 2024.Third Quarter 2024 HighlightsNet Revenues of $910 million vs. $935 million in Q3 2023Retail Net Revenues decreased 3% to $856 million, in line with Company expectationsNon-retail Net Revenues increased $3 million to $54 million, exceeding Company expectationsNet Income and Adjusted Net Income of $86 million vs. $78 million in Q3 2023Adjusted EBITDA of $171 million vs. $165 million in Q3 2023Earnings Per Share and Adjusted Earnings Per Sha
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News
- Reynolds Consumer Products Inc. (NASDAQ: REYN) had its price target lowered by analysts at Barclays PLC from $29.00 to $28.00. They now have an "equal weight" rating on the stock.MarketBeat
- Reynolds Consumer Products Inc. (REYN) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Reynolds Consumer Products Declares Regular Quarterly Cash DividendBusiness Wire
- The Reynolds Wrap® Team Releases Limited-Edition Embossed Foil to Add Cheer to Homemade Food Gifting and Gatherings This Holiday SeasonPR Newswire
- Reynolds Consumer Products Announces Extended and Upsized Revolving Credit Facility [Yahoo! Finance]Yahoo! Finance
REYN
Earnings
- 10/30/24 - In-Line
REYN
Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/17/24 - Form 8-K
- REYN's page on the SEC website