secwatch.observer — SEC 8-K summary
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Issuer:     Reynolds Consumer Products Inc. (REYN)
CIK:        0001786431
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001628280-23-028395
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786431/000162828023028395/0001628280-23-028395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786431/000162828023028395/reyn-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028395

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