secwatch.observer — SEC 8-K summary
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Issuer:     Reynolds Consumer Products Inc. (REYN)
CIK:        0001786431
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001564590-22-028582
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reynolds Q2 net income falls 35% to $52M, adj EBITDA down 20%; FY cost headwinds raised to $525M
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- Net revenues $917M (+5% YoY) on price hikes; net income $52M (-35%) due to lower foil volume and cost inflation.
- Adjusted EPS $0.26; Reynolds Cooking & Baking EBITDA -39% on foil consumption drop; Hefty Waste & Storage EBITDA +2%.
- FY 2022 outlook: net revenue growth 8-11%, adjusted EBITDA $560-590M, cost pressures now ~$525M (was ~$450M).
- Q4 expected margin improvement; management sees full recovery of pre-pandemic profitability in 2023.
- Quarterly dividend of $0.23/share payable Aug 31 to holders of record Aug 17.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786431/000156459022028582/0001564590-22-028582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786431/000156459022028582/reyn-8k_20220809.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-028582

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