NASDAQ$REYN
Reynolds Consumer Products Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported solid first quarter results driven by price increases, while managing cost pressures and maintaining strong market share.
Reynolds Consumer Products reported a 12% increase in net revenues to $845 million, driven by price increases. Net income decreased by 30% to $52 million, and Adjusted EBITDA decreased by 20% to $112 million due to higher costs and lower volume, which were significantly offset by price increases.
- Net revenues increased 12% year-over-year to $845 million.
- Net income was $52 million, a decrease of 30% compared to the previous year.
- Adjusted EBITDA was $112 million, a decrease of 20% compared to the previous year.
- The company is prioritizing Reyvolution cost savings initiatives.
Headline financials
Revenue & EPS history
Reynolds · Revenue · Quarterly
$845M
Revenue by segment
Reynolds · $845M total across 5 segments · Q1 2022
- Reynolds Cooking & Baking$268M-1.5%31.7%
- Hefty Waste & Storage$228M+17.5%27.0%
- Hefty Tableware$210M+23.5%24.9%
- Presto Products$141M+11.9%16.7%
- Unallocated-$2M+60.0%-0.2%
Forward guidance
The Company is updating expected performance within previously stated ranges. Net revenues to be at the high end of the range of 9% to 12% growth. Net Income to be near the low end of the range of $319 million to $349 million. Adjusted EBITDA to be near the low end of the range of $615 million to $655 million. Earnings Per Share to be near the low end of the range of $1.52 to $1.66 per share.
Tailwinds
- Net revenues to be at the high end of the range of 9% to 12% growth on $3,556 million in the prior year driven by price increases
- Net Income to be in the range of $47 million to $55 million for Q2 2022
- Adjusted Net Income to be in the range of $49 million to $57 million for Q2 2022
- Adjusted EBITDA to be in the range of $110 million to $120 million for Q2 2022
- Earnings Per Share to be in the range of $0.22 to $0.26 per share for Q2 2022
Headwinds
- Net Income to be near the low end of the range of $319 million to $349 million
- Adjusted Net Income to be near the low end of the range of $327 million to $357 million
- Adjusted EBITDA to be near the low end of the range of $615 million to $655 million
- Earnings Per Share to be near the low end of the range of $1.52 to $1.66 per share
- The Company estimates 2022 cost pressures of approximately $450 million (previously $400 million).
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 2022
-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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