NASDAQ$REYN
Reynolds Consumer Products Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reynolds reported Q1 2021 financial results with net revenues up 4% and increasing forecast for topline growth.
Reynolds Consumer Products reported a strong first quarter with net revenues of $757 million, a 4% increase over the prior year. The company's performance was driven by price increases and lower trade promotion, although February storms impacted the Hefty Waste & Storage and Presto Products segments. The company is increasing its full year revenue outlook, expecting high single digit revenue growth.
- Net revenues increased by 4% to $757 million compared to Q1 prior year.
- Net income was reported at $74 million, with an adjusted net income of $76 million.
- Earnings per share (EPS) reached $0.35, with an adjusted EPS of $0.36.
- Adjusted EBITDA increased by 4% to $140 million compared to Q1 prior year.
Headline financials
Revenue & EPS history
Reynolds · Revenue · Quarterly
$757M
Revenue by segment
Reynolds · $757M total across 5 segments · Q1 2021
- Reynolds Cooking & Baking$272M+11.9%35.9%
- Hefty Waste & Storage$194M+1.0%25.6%
- Hefty Tableware$170M-4.5%22.5%
- Presto Products$126M-0.8%16.6%
- Unallocated-$5M+50.0%-0.7%
Forward guidance
The Company is increasing its full year revenue outlook, expecting high single digit revenue growth underpinned by anticipated continued elevated consumption, innovation, retail replenishment, and pricing. With additional price increases going into effect during the second quarter, the Company is expecting high single digit revenue growth in its second quarter.
Tailwinds
- Anticipated continued elevated consumption.
- Innovation.
- Retail replenishment.
- Pricing actions.
- Second round of price increases underway.
Headwinds
- Estimated in-year cost pressures exceeding $300 million from increases in commodity and logistics rates.
- Global supply chain challenges.
- Short-term implications of pricing in an environment when costs are still increasing.
- Considerable margin pressure expected in the second quarter.
- Continuing impacts from February’s storms.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.7%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-1.1%
Avg return
30 days after
41%
12 / 29 earnings
Positive
+9.6%
Q4 2025
Best reaction
-9.0%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | +1.5% | +5.4% | |
| Q4 2025 | +9.6% | +4.5% | +4.1% | |
| Q3 2025 | +5.1% | +3.5% | +5.4% | |
| Q1 2025 | -3.0% | -1.7% | -6.8% | |
| Q4 2024 | -4.2% | -11.5% | -12.1% | |
| Q3 2024 | -8.7% | -8.7% | -6.2% | |
| Q2 2024 | +5.2% | +4.8% | +13.4% | |
| Q1 2024 | +3.0% | +2.1% | -1.6% | |
| Q4 2023 | +2.5% | +2.5% | +4.1% | |
| Q3 2023 | +5.3% | +3.7% | +2.1% | |
| Q2 2023 | +1.5% | +1.8% | -5.6% | |
| Q1 2023 | +6.2% | +3.3% | +1.4% | |
| Q4 2022 | -3.4% | -2.6% | -8.4% | |
| Q3 2022 | -7.6% | -3.1% | +0.5% | |
| Q2 2022 | -3.6% | -3.0% | -5.5% | |
| Q1 2022 | -2.8% | -0.5% | -9.2% | |
| Q4 2021 | +2.0% | +3.6% | +0.9% | |
| Q3 2021 | +2.8% | +3.1% | +4.6% | |
| Q2 2021 | -2.1% | -2.5% | -1.3% | |
| Q1 2021 | +0.1% | +3.1% | -0.7% | |
| Q4 2018 | -0.3% | +0.1% | +2.8% | |
| Q4 2020 | -3.0% | -2.8% | -1.9% | |
| Q3 2019 | -2.3% | -1.6% | -1.4% | |
| Q3 2020 | +0.3% | +3.0% | +3.2% | |
| Q2 2020 | -9.0% | -4.4% | -8.3% | |
| Q2 2019 | -9.0% | -4.4% | -8.3% | |
| Q1 2019 | -1.1% | +1.4% | -2.9% | |
| Q1 2020 | -1.1% | +1.4% | -2.9% | |
| Q4 2019 | -2.0% | -11.3% | +3.2% |
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