NASDAQ$REYN
Reynolds Consumer Products Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported net revenues increase of 11% over prior year and increased 2020 full year outlook.
Reynolds Consumer Products reported a strong third quarter in 2020, with net revenues increasing by 11% to $823 million compared to the prior year period. This growth was driven by strong demand across all business segments. Net income increased by $50 million to $113 million, and adjusted EBITDA was $192 million, reflecting increased revenue and lower material and manufacturing costs.
- Net Revenues of $823 million.
- Earnings Per Share of $0.54; Adjusted Earnings Per Share of $0.561.
- Net Income of $113 million; Adjusted Net Income of $117 million.
- Adjusted EBITDA of $192 million.
Headline financials
Revenue & EPS history
Reynolds · Revenue · Quarterly
$823M
Revenue by segment
Reynolds · $823M total across 5 segments · Q3 2020
- Reynolds Cooking & Baking$285M+11.3%34.6%
- Hefty Waste & Storage$209M+13.0%25.4%
- Hefty Tableware$192M+10.3%23.3%
- Presto Products$136M+5.4%16.5%
- Unallocated$1M+133.3%0.1%
Forward guidance
The Company expects revenue growth to be mid-single digits on revenue of $835 million in the fourth quarter of 2019. Net Income to be in the range of $111 million to $114 million. Adjusted EBITDA to be in the range of $195 million to $200 million. Revenue to be in the range of $3,240 million to $3,260 million. Net Income to be in the range of $362 million to $365 million. Earnings Per Share to be in the range of $1.77 to $1.78 per share. Adjusted EBITDA to be in the range of $715 million to $720 million. Adjusted Net Income to be in the range of $410 million to $413 million. Adjusted Earnings Per Share to be in the range of $1.95 to $1.97 per share. Net Debt to be approximately $1.9 billion at December 31, 2020
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 Q3 2020
-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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