secwatch.observer — SEC 8-K summary
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Issuer:     Reynolds Consumer Products Inc. (REYN)
CIK:        0001786431
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001628280-23-017019
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786431/000162828023017019/0001628280-23-017019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786431/000162828023017019/reyn-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-017019

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