Reynolds Consumer Products Reports Strong Second Quarter 2020 Financial Results
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Reynolds Consumer Products Inc. (REYN) Tops Q2 EPS by 4c, Revenues Miss; Offers FY20 EPS Guidance
August 5, 2020 7:03 AM EDTReynolds Consumer Products Inc. (NASDAQ: REYN) reported Q2 EPS of $0.55, $0.04 better than the analyst estimate of $0.51. Revenue for the quarter came in at $822 million versus the consensus estimate of $848.78 million.
Second Quarter 2020 Financial Highlights:
Net Revenues of $822 millionEarnings Per Share of $0.53; Adjusted earnings per share of $0.551Net Income of $112 million; Adjusted Net Income of $115 million1Adjusted EBITDA of $193 million1The second quarter of 2020 continued to present unprecedented challenges for people everywhere and often in different ways, said Lance Mitchell, President and Chief Executive Officer of Reynolds Consumer Products.... More
