NASDAQ$REYN

Reynolds Consumer Products Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reynolds reported fourth quarter and fiscal year 2019 financial results in line with expectations and provided annual 2020 outlook.

Reynolds Consumer Products reported fourth quarter net revenues of $835 million and net income of $90 million. The company's results were in line with projections, and they initiated a quarterly cash dividend.

  • Net Revenues for the fourth quarter of 2019 were $835 million, compared to $907 million in the prior year period.
  • Net Income for the fourth quarter of 2019 was $90 million compared to $84 million in the prior year period.
  • Adjusted EBITDA for the fourth quarter of 2019 was $214 million compared to $224 million in the prior year period.
  • The company announced the initiation of a quarterly cash dividend, with the initial dividend for the first quarter of 2020 set at $0.15 per common share.

Headline financials

Total Revenue

$835M

Previous: $3.14B-73.4%
EPS (adj)

$0.44

Previous: $1.13-61.1%
Capital Expenditures

$35M

Previous: $82M-57.3%
Free Cash Flow

$222M

Previous: $448M-50.4%
Net Income

$90M

Previous: $84M+7.1%
Gross Profit

$263M

Previous: $266M-1.1%
Cash & Equivalents

$102M

No prior period
Total Assets

$4.16B

Previous: $6.42B-35.2%

Revenue & EPS history

Reynolds · Revenue · Quarterly

$835M

Q4 2019-73.4%vs Q4 2018
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Revenue by segment

Reynolds · $835M total across 5 segments · Q4 2019

  • Reynolds Cooking & Baking
    $332M-12.4%
  • Hefty Tableware
    $206M+0.5%
  • Hefty Waste & Storage
    $176M-6.4%
  • Presto Products
    $124M-9.5%
  • Unallocated
    -$3M

Forward guidance

For the fiscal year ending December 31, 2020, the Company is providing the following guidance:

Tailwinds

  • Net Income to be in the range of $320 million to $350 million
  • Earnings per share to be in the range of $1.52 to $1.67 per share
  • Adjusted Net Income to be in the range of $350 million to $370 million
  • Adjusted earnings per share to be in the range of $1.67 to $1.76 per share
  • Adjusted EBITDA to be in the range of $675 million to $695 million

Headwinds

  • Net Debt to be in the range of $2.0 billion to $2.2 billion

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro