secwatch.observer — SEC 8-K summary
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Issuer:     Reynolds Consumer Products Inc. (REYN)
CIK:        0001786431
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001628280-24-021358
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786431/000162828024021358/0001628280-24-021358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786431/000162828024021358/reyn-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021358

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer