secwatch.observer — SEC 8-K summary
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Issuer:     Reynolds Consumer Products Inc. (REYN)
CIK:        0001786431
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001193125-24-246994
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reynolds Consumer Q3 net income up 10% to $86M; CEO Lance Mitchell to step down Jan 1, 2025
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- Q3 net revenues $910M (down 3% YoY); net income $86M (+10%); adj. EBITDA $171M (+4%); EPS $0.41 vs $0.37.
- CEO Lance Mitchell to step down Jan 1, 2025; will remain advisor through July 31, 2025.
- Scott Huckins (current CFO) named President & CEO effective Jan 1, 2025; Nathan Lowe named CFO.
- Net debt leverage improved to 2.3x (from 2.7x); $50M debt prepaid after quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786431/000119312524246994/0001193125-24-246994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786431/000119312524246994/d889270d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-246994

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer