secwatch.observer — SEC 8-K summary
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Issuer:     Reynolds Consumer Products Inc. (REYN)
CIK:        0001786431
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001564590-22-036929
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786431/000156459022036929/0001564590-22-036929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786431/000156459022036929/reyn-8k_20221102.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-036929

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