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LAKE FOREST, Ill. - Reynolds Consumer Products Inc . (NASDAQ:REYN) reported first quarter earnings that met expectations but missed on revenue, while lowering its full-year outlook, on Wednesday.
The company’s shares were down -2.95% in premarket trading following the release.
The household products maker posted adjusted earnings per share of $0.23, in line with analyst estimates. However, revenue fell 1.8% YoY to $818 million, below the consensus forecast of $821.65 million.
Reynolds Consumer Products cited retailer destocking and a later Easter timing as factors impacting sales volumes in the quarter. Retail volume decreased 4% overall, though the company said it outperformed its categories by two percentage points.
"We are executing well in a dynamic consumer and retail environment, outperforming our categories by two points in the quarter," said CEO Scott Huckins. "Our US-centric manufacturing platform and business model are resilient, and we are effectively navigating the near-term macro challenges in partnership with our retail customers."
For the second quarter, Reynolds now expects revenue to decline 2-5% YoY and adjusted EPS of $0.35-$0.39, below the $0.41 analysts were projecting. The company also lowered its full-year 2025 EPS guidance to $1.54-$1.61, down from its previous outlook and below the $1.62 consensus estimate.
Reynolds said it is implementing plans to mitigate near-term cost and demand pressures while investing in growth initiatives.
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