NASDAQ$REYN
Reynolds Consumer Products Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reynolds reported a 7% increase in net revenues and a 2% increase in net income compared to the same quarter last year. Adjusted EBITDA increased by 10%, driven by pricing actions, offsetting lower volume and higher costs.
Reynolds Consumer Products reported a 7% increase in net revenues for Q4 2022, reaching $1,089 million. Net income increased by 2% to $107 million, while Adjusted EBITDA increased by 10% to $200 million. The company launched a comprehensive recovery plan for its Reynolds Cooking & Baking segment, anticipating a return to pre-pandemic profitability in 2023.
- Net revenues increased by 7% compared to Q4 prior year.
- Net income increased by 2% versus the same prior year period.
- Adjusted EBITDA increased by 10%, driven by pricing actions.
- Comprehensive recovery plan launched for Reynolds Cooking & Baking segment.
Headline financials
Revenue & EPS history
Reynolds · Revenue · Quarterly
$1.09B
Revenue by segment
Reynolds · $1.09B total across 5 segments · Q4 2022
- Reynolds Cooking & Baking$398M-3.4%36.5%
- Hefty Tableware$297M+28.0%27.3%
- Hefty Waste & Storage$242M+3.9%22.2%
- Presto Products$156M+8.3%14.3%
- Unallocated-$4M—-0.4%
Forward guidance
The Company announced its fiscal year and first quarter outlook for 2023. They expect to further recover pre-pandemic profitability in 2023 driven by continued solid performance for Hefty Waste & Storage, Hefty Tableware and Presto and improving performance for Reynolds Cooking & Baking over the course of the year.
Tailwinds
- Continued solid performance for Hefty Waste & Storage
- Continued solid performance for Hefty Tableware
- Continued solid performance for Presto
- Improving performance for Reynolds Cooking & Baking over the course of the year
- Continued price discipline and additional Reyvolution cost savings to contribute to further margin expansion in 2023
Headwinds
- Carryover of higher cost aluminum into 2023
- Impact of operational inefficiencies in Reynolds Cooking & Baking into 2023
- Volume comparisons are expected to be a significant drag on our first quarter results
- Decline in projected consolidated profitability compared to the prior year period
- Commodity rates are assumed to be relatively stable versus end of January levels
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 Q4 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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