Reynolds Consumer Products Reports Q4 Earnings, Revenue Exceeds Expectations

Reynolds Consumer Products Inc. (REYN) announced its fourth-quarter financial results today. The company reported a net income of $121 million, or 58 cents per share, in line with analyst expectations. This represents a slight decline of 1.07% compared to the same period last year.

Revenue for the quarter surpassed market forecasts, reaching $1.02 billion. This outperforms the Zacks Investment Research consensus estimate of $974.3 million.

For the full year, Reynolds Consumer Products reported a net income of $352 million, or $1.67 per share, on revenue of $3.7 billion.

Looking ahead, the company projects per-share earnings in the range of 22 to 24 cents for the current quarter ending in March. For the full year, Reynolds anticipates earnings between $1.61 and $1.68 per share.

This financial performance reflects Reynolds Consumer Products' continued strength in the consumer goods market. The company's portfolio includes popular brands such as Reynolds Wrap, Hefty, and Diamond of California.

For more information, access the Zacks stock report on REYN at https://www.zacks.com/ap/REYN.