Overview
Reynolds Q3 revenue up 2%, beating analyst expectations
Adjusted EPS for Q3 beats consensus, reflecting effective cost management
Adjusted net income for Q3 exceeds analyst estimates
Outlook
Company expects 2025 net revenues to be flat to down 1% vs. 2024
Reynolds sees Q4 2025 net revenues down 1% to 5% vs. Q4 2024
Company projects 2025 adjusted EBITDA of $655 mln to $665 mln
Result Drivers
SHARE GAINS - Co attributes improved results to share gains in most categories, despite challenging environment
NON-RETAIL REVENUE GROWTH - Non-retail revenues, including aluminum sales, increased significantly, contributing to overall revenue growth
PRICING ALIGNMENT - Adjusted EBITDA supported by better alignment of pricing with higher costs, despite lower volumes
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$931 mln
$900.10 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$0.42
$0.39 (8 Analysts)
Q3 EPS
$0.38
Q3 Adjusted Net Income
Beat
$88 mln
$83.30 mln (6 Analysts)
Q3 Net Income
$79 mln
Q3 Adjusted EBITDA
Beat
$168 mln
$165.60 mln (6 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the household products peer group is "buy"
Wall Street's median 12-month price target for Reynolds Consumer Products Inc is $25.00, about 5.2% above its October 28 closing price of $23.69
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nBw7PgrZWa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)