Reynolds raises FY25 adjusted EPS view to $1.60-$1.64 from $1.54-$1.61

Consensus $1.58. Raises FY25 revenue view to flat to down 1% from down low single digits. Narrows FY25 adjusted EBITDA view to $655M-$665M from $650M-$670M. The company said, “The Company now expects 2025 Net Revenues to be flat to down 1% by comparison to 2024 Net Revenues of $3,695 million, Net Income of $294 million to $302 million, Adjusted Net Income of $337 million to $345 million, EPS of $1.40 to $1.44, Adjusted EPS of $1.60 to $1.64 and Adjusted EBITDA of $655 million to $665 million.”