earnings
confidence high
sentiment negative
materiality 0.75
Reynolds Q1 revenue up 12% but net income down 30%; FY adj EBITDA guidance to low end
Reynolds Consumer Products Inc.
2022-Q1 EPS reported
$0.25
revenue$845,000,000
- Net revenues $845M (+12% YoY), net income $52M (-30%), adj EBITDA $112M (-20%).
- EPS $0.25, adj EPS $0.26; cost pressure estimate raised to ~$450M from $400M.
- Cooking & Baking adj EBITDA -47%; Hefty Tableware adj EBITDA -32% on lagging pricing.
- FY2022 net rev at high end of 9-12% growth; adj EBITDA near low end of $615-655M.
- Quarterly dividend $0.23/share payable May 31 to holders of record May 17.