NASDAQ$REYN
Reynolds Consumer Products Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported financial results for the second quarter of 2022.
Reynolds Consumer Products reported a 5% increase in net revenues compared to the second quarter of the prior year, driven by price increases that were partially offset by a decline in volume. Net income decreased by 35% year-over-year to $52 million, while Adjusted EBITDA decreased by 20% to $118 million due to lower volume and higher costs, which were significantly offset by price increases.
- Net Revenues increased by 5% compared to Q2 prior year.
- Net Income was $52 million, while Adjusted Net Income was $54 million.
- Adjusted EBITDA was $118 million.
- Earnings Per Share was $0.25, with Adjusted Earnings Per Share at $0.26.
Headline financials
Revenue & EPS history
Reynolds · Revenue · Quarterly
$917M
Revenue by segment
Reynolds · $917M total across 5 segments · Q2 2022
- Reynolds Cooking & Baking$294M-3.0%32.1%
- Hefty Tableware$240M+10.6%26.2%
- Hefty Waste & Storage$238M+8.2%26.0%
- Presto Products$150M+5.6%16.4%
- Unallocated-$5M+44.4%-0.5%
Forward guidance
The Company now expects net revenues to be in the range of 8% to 11% growth. Net Income to be in the range of $269 million to $292 million; Adjusted Net Income to be in the range of $278 million to $301 million. Adjusted EBITDA to be in the range of $560 million to $590 million. Earnings Per Share to be in the range of $1.28 to $1.39 per share; Adjusted Earnings Per Share to be in the range of $1.32 to $1.43 per share.
Tailwinds
- Net revenues to grow 8% to 12% in Q3 2022.
- Net revenues to grow 9% to 17% in Q4 2022.
- Net Income to be in the range of $43 million to $51 million in Q3 2022.
- Net Income to be in the range of $122 million to $137 million in Q4 2022.
- Adjusted EBITDA to be in the range of $110 million to $120 million in Q3 2022.
Headwinds
- Volume down mid single digits for full year 2022
- Estimated low to mid single digit volume decline in Q3 2022
- Flat to slightly down volume in Q4 2022
- Company estimates 2022 cost pressures of approximately $525 million
- Assumes additional elasticity to its expectations from May 2022
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 Q2 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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