earnings
confidence high
sentiment positive
materiality 0.80
Reynolds Q2 net income rises 47% to $97M; raises full-year guidance
Reynolds Consumer Products Inc.
2024-Q2 EPS reported
$0.69
revenue$1,764,000,000
- Net revenues $930M vs $940M Q2 2023; retail revenues up 1% to $892M.
- Net income $97M (+47%); Adjusted EPS $0.46 vs $0.32.
- Adjusted EBITDA $172M (+15%) on manufacturing output and lower costs.
- Full-year net revenue, adjusted EBITDA and net income guidance raised.
- Net debt leverage reduced to 2.4x; $50M debt prepaid after quarter end.