---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-036929"
form_type: "8-K"
ticker: "REYN"
cik: "0001786431"
company_name: "Reynolds Consumer Products Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:16:48.245759+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Reynolds Consumer Products Q3 net income down 27% to $48M; appoints new presidents for two segments

## Summary
- Net revenues $967M (+7% YoY); net income $48M (-27%); adjusted EBITDA $116M (-12%); EPS $0.23, adj EPS $0.24.
- FY 2022 guidance: adjusted EBITDA $560-575M; EPS $1.25-1.31; Q4 adj EBITDA $215-230M. Declared $0.23 dividend.
- Judith Buckner named President Reynolds Cooking & Baking; Chris Corey named President Presto Products. Craig Cappel terminated.
- Volume declined across segments; pricing actions offset costs; Reyvolution cost savings accelerating; pre-pandemic profitability expected in 2023.

## SEC filing metadata
- accession: 0001564590-22-036929
- form_type: 8-K
- ticker: REYN
- cik: 0001786431
- company_name: Reynolds Consumer Products Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786431/000156459022036929/0001564590-22-036929-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786431/000156459022036929/reyn-8k_20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-036929
- JSON: https://secwatch.observer/filing/0001564590-22-036929.json
- Plain text: https://secwatch.observer/filing/0001564590-22-036929.txt

## Key facts
- Earnings Releases
  Reynolds Consumer Products Inc. reported third quarter ended September 30, 2022 results: revenue $967 million, net income $48 million, EPS $0.23.
  - Period: third quarter ended September 30, 2022
  - Revenue: $967 million
  - Net income: $48 million
  - EPS: $0.23
  - Result: reported results
  source text: Reynolds Consumer Products Inc. (“Reynolds,” “RCP” or the “Company”) (Nasdaq: REYN) today reported results for the third quarter ended September 30, 2022. Third Quarter 2022 Highlights • Net Revenues of $967 million, up 7% over Q3 prior year net revenues • Net Income of $48 million, down 27% compared to Q3 prior year net income; Adjusted Net Income of $50 million • Adjusted EBITDA of $116 million, down 12% compared to Q3 prior year Adjusted EBITDA • Earnings Per Share of $0.23; Adjusted Earnings Per Share of $0.24
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786431/000156459022036929/0001564590-22-036929-index.htm
- Executive change
  Chris Corey was appointed as President, Presto Products at Reynolds Consumer Products Inc..
  - Action: appointed
  - Role: President, Presto Products
  source text: Chris Corey as President, Presto Products
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786431/000156459022036929/0001564590-22-036929-index.htm
- Executive change
  Judith Buckner was appointed as President, Reynolds Cooking & Baking at Reynolds Consumer Products Inc..
  - Action: appointed
  - Role: President, Reynolds Cooking & Baking
  source text: the Company appointed Judith Buckner as President, Reynolds Cooking & Baking
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786431/000156459022036929/0001564590-22-036929-index.htm
- Executive change
  Craig Cappel was terminated as President, Reynolds Cooking & Baking at Reynolds Consumer Products Inc..
  - Action: terminated
  - Role: President, Reynolds Cooking & Baking
  source text: the Company terminated the employment of Craig Cappel, the Company’s former President, Reynolds Cooking & Baking
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786431/000156459022036929/0001564590-22-036929-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.