Reynolds reports FY2021 revenue $3.56B (+9%), net income down 11%; guides FY2022 growth

Reynolds Consumer Products Inc.

2021-FY EPS reported $1.54 revenue$3,556,000,000

FY2021 net revenues $3,556M (+9% YoY); net income $324M (-11%), adjusted EBITDA $601M (-16%).
Q4 net revenues $1,021M (+15%); net income $105M (-6%); adjusted EPS $0.51.
Segment: Hefty Tableware revenue up 12% but EBITDA down 34% due to cost lag; Reynolds Cooking & Baking EBITDA up 4%.
FY2022 guidance: revenue growth 9-12%; adjusted EBITDA $615M-$655M; EPS $1.56-$1.70.
Board declares $0.23 quarterly dividend payable Feb 28; expects profit growth to resume in Q2 2022.

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