RBC Capital Reiterates Outperform Rating on Reynolds Consumer Products Inc. (REYN)
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Reynolds Consumer Products Inc. (REYN) Tops Q4 EPS by 0.2c, Revenues Beat; Offers 1Q & FY21 Revenue Guidance Above Consensus, 1Q EPS Outlook Above Consensus
February 9, 2021 4:04 PM ESTReynolds Consumer Products Inc. (NASDAQ: REYN) reported Q4 EPS of $0.57, $0.00 better than the analyst estimate of $0.57. Revenue for the quarter came in at $888 million versus the consensus estimate of $879.08 million.
Fourth Quarter 2020 Highlights
Net Revenues of $888 million, up 6% on prior year net revenuesNet Income of $112 million; Adjusted Net Income of $119 million 2Earnings Per Share of $0.53; Adjusted Earnings Per Share of $0.572Adjusted EBITDA of $198 million 2 , down 7% from prior year Adjusted EBITDANet revenues growth was driven by a shift to more at-home use of Company products and... More
