Reynolds Consumer Products Inc

NASDAQ:REYN   3:59:54 PM EDT
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Other Pre-Announcement

Reynolds Consumer Products Reports First Quarter Financial Results

Published: 05/10/2022 11:43 GMT
Reynolds Consumer Products Inc (REYN) - Reynolds Consumer Products Reports First Quarter Financial Results.
Q1 Adjusted Earnings per Share $0.26.
Q1 Earnings per Share $0.25.
Q1 Revenue $845 Million.
Qtrly Earnings per Share of $0.25; Adjusted Earnings per Share of $0.26.
Not Changing Its Previously Issued Earnings Guidance Ranges for Fiscal Year Ending December 31, 2022.
Sees FY Earnings per Share to Be Near Low End of Range of $1.52 to $1.66 per Share.
Sees FY Adjusted Earnings per Share to Be Near Low End of Range of $1.56 to $1.70 per Share.
Sees FY Net Revenues to Be at High End of Range of 9% to 12% Growth on $3,556 Million in Prior Year.
Estimates 2022 Cost Pressures of Approximately $450 Million.
Sees Q2 Net Revenues to Grow 6% to 8% on $873 Million in Prior Year.
Sees Q2 Earnings per Share to Be in Range of $0.22 to $0.26 per Share.
Sees Q2 Adjusted Earnings per Share to Be in Range of $0.23 to $0.27 per Share.
Q1 Earnings per Share View $0.26, Revenue View $859.7 Million -- Refinitiv Ibes Data (analyst estimates).
Q2 Earnings per Share View $0.39, Revenue View $994.9 Million -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $1.61, Revenue View $3.91 Billion -- Refinitiv Ibes Data (analyst estimates).