Reynolds Earned 51 Cents per Share

This morning, Reynolds Consumer Products (REYN) released a very good earnings report. For Q4, the consumer products company earned 51 cents per share. That beat estimates by two cents per share. Quarterly sales rose 15% $1.021 billion.

This capped off a very good year for Reynolds:

“We reported another year of record net revenues and enter 2022 with continued strong demand for our products,” said Lance Mitchell, President and Chief Executive Officer. “We expect a third consecutive year of record revenue this year and a return to profit growth in the second quarter. RCP is stronger today thanks to the determination, hard work and creativity of our people in a very dynamic market. I am exceptionally proud of our team and see tremendous potential for our business in 2022 and beyond.”

For the year, Reynolds earned $1.59 per share and sales rose 9% to $3.556 billion.

Now let’s look at guidance. For 2022, Reynolds sees sales growth of 9% to 12%, and a lot of that will be driven by pricing. For earnings, Reynolds sees this year coming in between $1.56 and $1.70 per share. That’s pretty good.

For Q1, which is nearly halfway gone, Reynolds sees revenue growth of 10% to 14%, and earnings of 24 to 28 cents per share. Again, that’s quite good.

Posted by on February 9th, 2022 at 1:06 pm


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