NASDAQ$REYN
Reynolds Consumer Products Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reynolds' financial performance improved in Q4 2023, with increased net income and adjusted EBITDA.
Reynolds Consumer Products reported strong Q4 2023 results, marked by a 28% increase in net income and a 19% increase in Adjusted EBITDA. The company's performance was driven by the successful execution of the Reynolds Cooking & Baking recovery plan, retail product portfolio optimization, and lower operational costs.
- Net income increased by 28% and Adjusted EBITDA increased by 19%.
- Retail volume decreased 3%, outperforming a weighted average category decline of 4%.
- The Reynolds Cooking & Baking recovery plan was successfully executed.
- Voluntary principal payments totaling $150 million were made on the term loan facility.
Headline financials
Revenue & EPS history
Reynolds · Revenue · Quarterly
$1.01B
Revenue by segment
Reynolds · $935M total across 5 segments · Q3 2023
- Reynolds Cooking & Baking$312M-4.6%33.4%
- Hefty Waste & Storage$244M+3.0%26.1%
- Hefty Tableware$233M-7.2%24.9%
- Presto Products$152M-1.9%16.3%
- Unallocated-$6M-100.0%-0.6%
Forward guidance
The Company forecasts full-year 2024 net revenues to be approximately $3,530 million to $3,640 million versus prior year net revenues of $3,756 million.
Tailwinds
- Retail volume at or above category forecasts
- Further improvements in product mix
- The Reynolds Cooking & Baking business’ recovery of historical earnings
- Delivery of additional Reyvolution cost savings
- Approximately $20 million expected reduction in interest expense compared to 2023 net interest expense of $119 million
Headwinds
- 1% reduction from pricing
- 3% reduction from lower non-retail volume and further optimization of the retail product portfolio
- 2% reduction to 1% increase from retail volume at or better than category forecasts
- First quarter 2024 net revenues to be approximately $795 million to $820 million versus prior year net revenues of $874 million
- 4.5% to 1.5% reduction from retail volume at or better than category forecasts
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 2023
-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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