secwatch.observer — SEC 8-K summary
======================================

Issuer:     Reynolds Consumer Products Inc. (REYN)
CIK:        0001786431
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001564590-22-019063
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reynolds Q1 revenue up 12% but net income down 30%; FY adj EBITDA guidance to low end
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786431/000156459022019063/0001564590-22-019063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786431/000156459022019063/reyn-8k_20220510.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-019063

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