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Reynolds Consumer Products (REYN)
NASDAQ:REYN
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.58Last Year’s EPS
0.65Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2020
|% Change Since: -7.48%
|Next Earnings Date:Mar 10, 2020
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong performance in certain business units like Hefty Waste & Storage and Reynolds Cooking & Baking, alongside financial improvements such as reduced leverage and cost savings. However, challenges remain in the tableware segment due to declining foam plate demand and increased commodity costs. The sentiment is balanced with positive expectations for the holiday season.Company Guidance
During the Reynolds Consumer Products Q3 2024 earnings call, the company provided guidance indicating a slight increase in full-year net revenue to a range of $3.620 billion to $3.660 billion, compared to $3.756 billion in 2023. The adjusted EBITDA guidance was updated to $673 million to $683 million, representing a 7% increase over the $636 million in 2023. The earnings per share (EPS) for the full year is anticipated to be between $1.66 and $1.70, with Q4 EPS projected at $0.56 to $0.60. The company reported Q3 revenues of $910 million and an adjusted EBITDA of $171 million, with earnings per share increasing by 11% to $0.41. Additionally, free cash flow for the quarter was $93 million, and net debt leverage was reduced to 2.3x trailing 12 months adjusted EBITDA. The guidance reflects expectations of a 1-point reduction from pricing, a range of -0.5 to +0.5 point impact from retail volume, and a combined 2-point headwind from non-retail business and retail product portfolio optimization.Record Quarterly Revenue for Hefty Waste & Storage
The Hefty Waste & Storage business unit delivered record quarterly revenue in the third quarter, with Hefty share of waste bags above 2022 levels.
Strong Performance in Reynolds Cooking & Baking
Reynolds Wrap gained additional share in household foil, and Reynolds Kitchens Parchment continued to grow, reflecting strong innovation and significant distribution gains.
Reyvolution Cost Savings
The company identified and delivered further Reyvolution cost savings, providing additional resources for earnings growth.
Improved Financial Flexibility
The company reduced net debt leverage to 2.3x trailing 12 months adjusted EBITDA and made additional voluntary principal payments totaling $150 million year-to-date.
Positive Holiday Season Outlook
The company is confident in its guide for a strong holiday season, based on plans, promotions, and new product innovations.
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REYN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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REYN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $29.28 | $27.46 | -6.22% |
| Aug 07, 2024 | $28.12 | $30.09 | +7.01% |
| May 08, 2024 | $27.74 | $28.07 | +1.19% |
| Feb 07, 2024 | $26.94 | $27.49 | +2.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Reynolds Consumer Products (REYN) report earnings?
Reynolds Consumer Products (REYN) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Reynolds Consumer Products (REYN) earnings time?
Reynolds Consumer Products (REYN) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REYN EPS forecast?
REYN EPS forecast for the fiscal quarter 2024 (Q4) is 0.58.
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