---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-017019"
form_type: "8-K"
ticker: "REYN"
cik: "0001786431"
company_name: "Reynolds Consumer Products Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:50:25.794360+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Reynolds Q1 net income falls to $17M from $52M; revenue up 3% to $874M; FY guide reaffirmed

## Summary
- Net revenues $874M (+3% YoY); Net income $17M ($0.08 EPS) vs $52M ($0.25 EPS) in Q1 2022.
- Adjusted EBITDA $82M vs $112M; adjusted EPS $0.08 vs $0.26; operating cash flow $88M vs $19M.
- Reynolds Cooking & Baking segment Adjusted EBITDA fell 86% to $4M on higher material/manufacturing costs.
- Hefty Waste & Storage Adjusted EBITDA up 22%, Hefty Tableware up 30% due to price actions.
- Company reaffirms FY2023 guidance: Net income $274-296M, Adjusted EBITDA $605-635M, EPS $1.30-1.41.

## SEC filing metadata
- accession: 0001628280-23-017019
- form_type: 8-K
- ticker: REYN
- cik: 0001786431
- company_name: Reynolds Consumer Products Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786431/000162828023017019/0001628280-23-017019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786431/000162828023017019/reyn-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-017019
- JSON: https://secwatch.observer/filing/0001628280-23-017019.json
- Plain text: https://secwatch.observer/filing/0001628280-23-017019.txt

## Key facts
- Earnings Releases
  Reynolds Consumer Products Inc. reported Fiscal Year 2023 results: revenue Net revenues Flat +/- 1% growth, net income Net income(1) $274 to $296 million, EPS Earnings per share(1) $1.30 to $1.41. Guidance reaffirmed.
  - Period: Fiscal Year 2023
  - Revenue: Net revenues Flat +/- 1% growth
  - Net income: Net income(1) $274 to $296 million
  - EPS: Earnings per share(1) $1.30 to $1.41
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Fiscal Year 2023 Outlook Net revenues Flat +/- 1% growth Net income(1) $274 to $296 million Adjusted EBITDA $605 to $635 million Earnings per share(1) $1.30 to $1.41
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786431/000162828023017019/0001628280-23-017019-index.htm
- Earnings Releases
  Reynolds Consumer Products Inc. reported Q2 2023 results: revenue Net revenues Flat to 2% growth, net income Net income(1) $57 to $64 million, EPS Earnings per share(1) $0.27 to $0.30. Guidance initiated.
  - Period: Q2 2023
  - Revenue: Net revenues Flat to 2% growth
  - Net income: Net income(1) $57 to $64 million
  - EPS: Earnings per share(1) $0.27 to $0.30
  - Guidance: initiated
  - Result: guidance update
  source text: Q2 2023 Outlook Net revenues Flat to 2% growth Net income(1) $57 to $64 million Adjusted EBITDA $135 to $145 million Earnings per share(1) $0.27 to $0.30
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786431/000162828023017019/0001628280-23-017019-index.htm
- Earnings Releases
  Reynolds Consumer Products Inc. reported the first quarter ended March 31, 2023 results: revenue $874 million, net income $17 million, EPS $0.08. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $874 million
  - Net income: $17 million
  - EPS: $0.08
  - Guidance: reaffirmed
  - Result: reported results
  source text: First Quarter 2023 Highlights • Net Revenues of $874 million, up 3% over Q1 prior year net revenues • Net Income of $17 million vs. $52 million in Q1 2022 • Adjusted EBITDA of $82 million vs. $112 million in Q1 2022 • Earnings Per Share of $0.08 vs. $0.25 in Q1 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786431/000162828023017019/0001628280-23-017019-index.htm

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