earnings
confidence high
sentiment negative
materiality 0.75
Reynolds Q2 revenue up 6% to $873M; EPS $0.38, down 29%; cuts FY outlook amid cost pressures
Reynolds Consumer Products Inc.
2021-Q2 EPS reported
$0.73
revenue$1,629,000,000
- Net income $80M (-29% YoY); Adjusted EBITDA $148M (-23% YoY); Adjusted EPS $0.39.
- Hefty Waste & Storage revenue +8% but EBITDA -29% on resin cost outpacing price increases.
- FY 2021 Adjusted EBITDA guidance lowered to $590-620M (prev. ~$625M); EPS $1.48-1.58.
- Facing >$400M in cost pressures; third round of pricing effective in Q3 to offset.
- Quarterly dividend of $0.23/share declared, payable Aug 31 to holders of record Aug 17.