secwatch.observer — SEC 8-K summary
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Issuer:     Reynolds Consumer Products Inc. (REYN)
CIK:        0001786431
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0001564590-21-039781
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reynolds Q2 revenue up 6% to $873M; EPS $0.38, down 29%; cuts FY outlook amid cost pressures
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786431/000156459021039781/0001564590-21-039781-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786431/000156459021039781/reyn-8k_20210802.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-039781

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