Reynolds Q1 net income up 188% to $49M, adjusted EBITDA +49% to $122M

Reynolds Consumer Products Inc.

2024-Q1 EPS reported $0.23 revenue$833,000,000

Net revenues $833M vs. $874M in Q1 2023; retail net revenues down 3% to $794M.
Net income $49M ($0.23 EPS), up from $17M ($0.08); adjusted EBITDA $122M vs. $82M.
Full-year net income guidance raised; net revenue and adjusted EBITDA guidance reiterated.
Net debt leverage improved to 2.5x; $50M voluntary principal payment made after quarter end.
Operating cash flow $99M vs. $88M in prior year Q1.

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 first quarter ended March 31, 2024 results: revenue $833 million, net income $49 million, EPS $0.23. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $833 million
Net income: $49 million
EPS: $0.23
Guidance: raised
Result: reported results

Exact text from the filing

Inc. (“RCP” or the “Company”) (Nasdaq: REYN) today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Net Revenues of $833 million vs. $874 million in Q1 2023 ◦ Retail Net Revenues decreased 3% to $794 million, at the high end of Company expectations ◦ Non-retail Net Revenues decreased 32% to $39 million, as

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Source: SEC EDGAR

accession 0001628280-24-021358

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