---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-003607"
form_type: "8-K"
ticker: "REYN"
cik: "0001786431"
company_name: "Reynolds Consumer Products Inc."
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:10:06.932723+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-003607
- form_type: 8-K
- ticker: REYN
- cik: 0001786431
- company_name: Reynolds Consumer Products Inc.
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786431/000162828024003607/0001628280-24-003607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786431/000162828024003607/reyn-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-003607
- JSON: https://secwatch.observer/filing/0001628280-24-003607.json
- Plain text: https://secwatch.observer/filing/0001628280-24-003607.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786431/000162828024003607/0001628280-24-003607-index.htm

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