Trade Reynolds Consumer Products Inc - REYN CFD

About Reynolds Consumer Products Inc

Reynolds Consumer Products Inc. is a consumer products company. The Company produces and sells products across three categories: cooking products, Waste & storage products and tableware. It offers its products under various brands, such as Reynolds and Hefty. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware and Presto Products. The Company’s Reynolds Cooking & Baking segment produces branded and store brand foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, plastic wrap, baking cups, oven bags and slow cooker liners. Hefty Waste & Storage segment produces both branded and store brand trash and food storage bags. Hefty Tableware segment sells both branded and store brand disposable and compostable plates, bowls, platters, cups and cutlery. The Presto Products segment primarily sells store brand products in four categories: food storage bags, trash bags, reusable storage containers and plastic wrap.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Reynolds Consumer Products Inc revenues increased 9% to $3.56B. Net income before extraordinary items decreased 17% to $324M. Revenues reflect Reynolds Cooking & Baking segment increase of 13% to $1.31B, Hefty Waste & Storage segment increase of 8% to $876M, Other segment increase of 7% to $61M. Net income was offset by Depreciation in SGA increase of 33% to $8M (expense), Other expense.