secwatch.observer — SEC 8-K summary
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Issuer:     Reynolds Consumer Products Inc. (REYN)
CIK:        0001786431
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001628280-24-003607
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786431/000162828024003607/0001628280-24-003607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786431/000162828024003607/reyn-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-003607

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