---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021358"
form_type: "8-K"
ticker: "REYN"
cik: "0001786431"
company_name: "Reynolds Consumer Products Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:16:27.446404+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-021358
- form_type: 8-K
- ticker: REYN
- cik: 0001786431
- company_name: Reynolds Consumer Products Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786431/000162828024021358/0001628280-24-021358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786431/000162828024021358/reyn-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021358
- JSON: https://secwatch.observer/filing/0001628280-24-021358.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021358.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786431/000162828024021358/0001628280-24-021358-index.htm

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