Quarterly ResultMay 6, 2026, 07:02 AM
Reynolds Consumer Products Q1 Net Revenues +7%; EPS +87%
AI Summary
Reynolds Consumer Products reported strong first-quarter 2026 financial results, with Net Revenues increasing 7% to $877 million and Net Income surging 90% to $59 million. Adjusted EPS grew 22% to $0.28, driven by retail volume growth and operational efficiencies. The company also reiterated its full-year 2026 earnings outlook, reflecting confidence in its performance despite an uncertain macroeconomic environment, and announced a quarterly dividend of $0.23 per share.
Key Highlights
- Net Revenues increased 7% to $877 million in Q1 2026.
- Net Income rose 90% to $59 million; Adjusted Net Income increased 20% to $59 million.
- Diluted EPS grew 87% to $0.28; Adjusted EPS increased 22% to $0.28.
- Adjusted EBITDA increased 12% to $131 million, driven by higher retail volumes.
- Retail volumes increased 2% overall, with Reynolds Cooking & Kitchen Essentials up 6%.
- Company reiterated its full-year 2026 Adjusted EPS outlook of $1.57 to $1.63.
- Board approved a quarterly dividend of $0.23 per common share.
- Made a voluntary principal debt repayment of $50 million.