Reynolds Q3 adj EPS $0.37 up 54%; net income up 63%; raises FY guidance

Reynolds Consumer Products Inc.

2023-Q3 EPS reported $0.77 revenue$2,750,000,000

Net revenues $935M, down 3% vs Q3 2022; net income $78M, up 63%; adj EBITDA $165M, up 42%.
EPS $0.37 (adj $0.37) vs $0.23 prior year; full-year adj EBITDA guide raised to $625-635M.
Operating cash flow $423M YTD, up $305M; net debt/EBITDA improved to 3.1x from 3.8x.
Acquired Atacama Manufacturing (renewable materials); Q4 dividend $0.23/share payable Nov 30.
CEO Lance Mitchell to retire early 2024; new CFO Scott Huckins effective Nov 13.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Reynolds Consumer Products Inc. reported financial results for the third quarter ended September 30, 2023.

Period: the third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 8, 2023, Reynolds Consumer Products Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2023.

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Reynolds Consumer Products Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-037544

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