Earnings ·
Reports Q3 EPS of $0.28, declares $0.23 quarterly dividend
REYNReynolds Consumer Products Inc.
Reynolds Consumer Products reported third-quarter net revenues of $944 million and diluted earnings per share of $0.28, down from $0.38 in the prior-year period. Adjusted EBITDA decreased to $163 million from $168 million, driven by 7% lower retail volumes and increased SG&A costs, although pricing actions offset commodity inflation. The company completed its acquisition of Owl’s Head Alloys for $110 million post-quarter end. Additionally, the Board approved a quarterly dividend of $0.23 per share, payable on November 30 to shareholders of record as of November 16. Reynolds Consumer Products is a leading provider of household essentials including cooking, serving, and storage products under brands like Reynolds and Hefty.