REYN · Reynolds Consumer Products Inc.

Reynolds Consumer Products delivered a strong first quarter 2026, exceeding internal expectations with Net Income increasing 90% to $59 million. The performance was driven by a 7% increase in Net Revenues to $877 million, supported by broad-based commercial momentum and operational execution. Retail volumes grew 2% (4% excluding foam), while Non-Retail revenues surged 43% due to aluminum sales. Adjusted EBITDA rose 12% to $131 million, primarily attributed to higher retail volumes and manufacturing efficiency gains. Segment performance was led by Reynolds Cooking & Kitchen Essentials, which saw revenues increase $55 million to $314 million on strong seasonal promotions and a 6% volume increase. Hefty Storage & Organization also contributed with a 6% volume increase. Conversely, Hefty Waste & Clean-Up experienced a slight revenue decline, while Hefty Home & Tableware faced an 8-point headwind from foam products. The Company realigned its segment reporting structure effective January 1, consolidating waste bags and food storage into distinct segments to enhance efficiency and innovation focus. Balance sheet highlights include a voluntary principal repayment of $50 million, reducing Net Debt to $1,459 million or 2.1x Trailing Twelve Months Adjusted EBITDA. Management reiterated its Full Year 2026 outlook, projecting Adjusted EPS of $1.57 to $1.63 and Adjusted EBITDA of $660 million to $675 million, signaling confidence in the company's ability to navigate a volatile macroeconomic environment.