Reynolds Q4 adj EBITDA +10% to $200M; FY rev +7% but net income -20%; 2023 outlook implies recovery

Reynolds Consumer Products Inc.

2022-FY EPS reported $1.23 revenue$3,817,000,000

FY 2022 net revenues $3,817M (+7%), net income $258M (-20%), adj EBITDA $546M (-9%), EPS $1.23.
Q4 net revenues $1,089M (+7%), adj EBITDA $200M (+10%), net income $107M (+2%), adj EPS $0.53.
Reynolds Cooking & Baking EBITDA -49% on operational issues; comprehensive recovery plan launched.
FY 2023 guidance: adj EBITDA $605-635M, net income $274-296M, EPS $1.30-1.41; Q1 expected weak.
Quarterly dividend $0.23/share, payable Feb 28 to holders of record Feb 14.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Reynolds Consumer Products Inc. reported fourth quarter and fiscal year ended December 31, 2022 results: revenue Net Revenues of $3,817 million, net income Net Income of $258 million, EPS Earnings Per Share of $1.23.

Period: fourth quarter and fiscal year ended December 31, 2022
Revenue: Net Revenues of $3,817 million
Net income: Net Income of $258 million
EPS: Earnings Per Share of $1.23
Result: reported results

Exact text from the filing

or the “Company”) (Nasdaq: REYN) today reported financial results for the fourth quarter and fiscal year ended December 31, 2022. Fiscal Year 2022 Highlights • Net Revenues of $3,817 million, up 7% over prior year net revenues • Net Income of $258 million; Adjusted Net Income of $269 million • Adjusted EBITDA of $546 million • Earnings Per Share of $1.23; Adjusted

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Source: SEC EDGAR

accession 0001628280-23-002664

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