secwatch.observer — SEC 8-K summary
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Issuer:     Reynolds Consumer Products Inc. (REYN)
CIK:        0001786431
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001564590-21-054224
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reynolds Q3 revenue up 10% to $905M, but net income plunges 42%; cost pressures exceed $450M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786431/000156459021054224/0001564590-21-054224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786431/000156459021054224/reyn-8k_20211104.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-054224

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