---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-028395"
form_type: "8-K"
ticker: "REYN"
cik: "0001786431"
company_name: "Reynolds Consumer Products Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:00:02.041593+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Reynolds Consumer Products Q2 net income up 27%; raises full-year EPS guidance to $1.34-$1.41

## Summary
- Q2 net revenues $940M (+3% YoY), net income $66M (+27%), adjusted EBITDA $150M (+27%), EPS $0.32 (+28%).
- Segment: Reynolds Cooking & Baking rev $321M (+9%), EBITDA $40M (+11%); Hefty Waste rev $229M (-4%), EBITDA $62M (+35%).
- Hefty Tableware rev $251M (+5%), EBITDA $45M (+80%); Presto rev $145M (-3%), EBITDA $28M (+12%).
- Operating cash flow $207M in H1 2023 vs $101M in H1 2022; voluntary $100M debt payment after quarter end.
- Updated FY23 outlook: net income $281-296M, Adj. EBITDA $615-635M, EPS $1.34-1.41; Q3 guide and $0.23 dividend declared.

## SEC filing metadata
- accession: 0001628280-23-028395
- form_type: 8-K
- ticker: REYN
- cik: 0001786431
- company_name: Reynolds Consumer Products Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786431/000162828023028395/0001628280-23-028395-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786431/000162828023028395/reyn-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-028395
- JSON: https://secwatch.observer/filing/0001628280-23-028395.json
- Plain text: https://secwatch.observer/filing/0001628280-23-028395.txt

## Key facts
- Earnings Releases
  Reynolds Consumer Products Inc. reported second quarter ended June 30, 2023 results: revenue $940 million, net income $66 million, EPS $0.32. Guidance reaffirmed.
  - Period: second quarter ended June 30, 2023
  - Revenue: $940 million
  - Net income: $66 million
  - EPS: $0.32
  - Guidance: reaffirmed
  - Result: reported results
  source text: Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) today reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights • Net Revenues of $940 million, up 3% over Q2 prior year Net Revenues • Net Income of $66 million vs. $52 million in Q2 2022, up 27% over Q2 prior year Net Income • Adjusted EBITDA of $150 million vs. $118 million in Q2 2022, up 27% over Q2 prior year Adjusted EBITDA • Earnings Per Share of $0.32 vs. $0.25 in Q2 2022, up 28% over Q2 prior year Earnings Per Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786431/000162828023028395/0001628280-23-028395-index.htm

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