earnings
confidence high
sentiment negative
materiality 0.80
Reynolds Q3 revenue up 10% to $905M, but net income plunges 42%; cost pressures exceed $450M
Reynolds Consumer Products Inc.
2021-Q3 EPS reported
$1.05
revenue$2,534,000,000
- Q3 net income $66M (-42% YoY); adjusted EPS $0.33, GAAP EPS $0.31.
- Revenue $905M (+10%); all segments reported revenue growth but EBITDA declines of 11%-50%.
- Updated FY2021 adjusted EBITDA guidance $590-610M (down); cost pressures >$450M (prev. >$400M).
- Fourth round of pricing effective Q1 2022; dividend $0.23 payable Nov 30.
- CEO cites staffing and logistics challenges; expects profitability recovery when inflation moderates.