Reynolds Consumer Products reports Q2 EPS 46c, consensus 44c

Reports Q2 revenue $930M, consensus $891M.The company further reduced Net Debt to Trailing Twelve Months Adjusted EBITDA1 from 2.7x on December 31 to 2.4x on June 30, 2024. “Strong retail revenue performance in each of our business units resulted in RCP outperforming our categories during the quarter,” said Lance Mitchell, CEO and President of Reynolds Consumer Products. “As a result, we delivered another quarter of strong financial results demonstrating our marketplace leadership as well as our effectiveness in driving operational excellence. We are commercializing and expanding our strong innovation pipeline, unlocking Reyvolution programs to reduce operational costs and investing in strategic opportunities to drive long term growth.”