Reynolds Consumer Products Inc. (NASDAQ: REYN) reported Q4 revenue for the quarter came in at $835 million, versus $907 million reported last year.

Fourth Quarter 2019 Financial Highlights

Net Revenues for the fourth quarter of 2019 were $835 million, compared to $907 million in the prior year period.
Net Income for the fourth quarter of 2019 was $90 million compared to $84 million in the prior year period.
Adjusted EBITDA for the fourth quarter of 2019 was $214 million compared to $224 million in the prior year period.

“I am pleased our fourth quarter and fiscal year 2019 financial results were in-line with our projections,” said Lance Mitchell, Reynolds’ President and Chief Executive Officer. “We are very enthusiastic about our successful IPO and debt offering in January. My sincere appreciation and congratulations to all the employees for this achievement. Our team continues to champion our categories and grow with our customers as consumer products preferences evolve. Our focus on durable long-term demand and expectation of stable growth and extremely high brand awareness positions us well to deliver growth in 2020 and beyond. We remain committed to driving revenue growth, market share gains and margin expansion through our Reyvolution initiative.”

GUIDANCE:

Reynolds Consumer Products Inc. sees FY2020 EPS of $1.67-$1.76.

For the fiscal year ending December 31, 2020, the Company is providing the following guidance:

• Net Income to be in the range of $320 million to $350 million
• Earnings per share to be in the range of $1.52 to $1.67 per share
• Adjusted Net Income to be in the range of $350 million to $370 million1
• Adjusted earnings per share to be in the range of $1.67 to $1.76 per share1
• Adjusted EBITDA to be in the range of $675 million to $695 million1
• Net Debt to be in the range of $2.0 billion to $2.2 billion

For earnings history and earnings-related data on Reynolds Consumer Products Inc. (REYN) click here.