Reynolds Consumer Products FY 2023 net income up 16% to $298M; guides double-digit growth in 2024

Reynolds Consumer Products Inc.

2023-FY EPS reported $1.42 revenue$3,756,000,000

FY 2023 net income $298M (+16% YoY); adjusted EBITDA $636M (+16%); EPS $1.42 vs $1.23.
Record operating cash flow $644M (up from $219M); free cash flow $540M; net debt leverage 2.7x (down from 3.8x).
Net revenues $3,756M (-1.6% YoY); retail revenue $3,559M (+0.3%); non-retail $197M (-26.5%).
Guides double-digit net income growth for 2024; targets net debt reduction to $1.5B-$1.6B by year-end.
Retail volume down 2% but gained share vs category decline of 4% in 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Reynolds Consumer Products Inc. reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $3,756 million, net income $298 million, EPS $1.42.

Period: fourth quarter and fiscal year ended December 31, 2023
Revenue: $3,756 million
Net income: $298 million
EPS: $1.42
Result: reported results

Exact text from the filing

(the “Company”) (Nasdaq: REYN) today reported financial results for the fourth quarter and fiscal year ended December 31, 2023. Fiscal Year 2023 Highlights • Net Revenues of $3,756 million vs. $3,817 million in 2022 ◦ Retail net revenues of $3,559 million vs. $3,549 million in 2022 ◦ Non-retail net revenues of $197 million vs. $268 million in 2022 • Net Income of

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Source: SEC EDGAR

accession 0001628280-24-003607

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