Exhibit 99.1 Reynolds Consumer Products Reports Third Quarter 2024 Financial Results Third Quarter Net Revenues, Retail Volume In Line with Expectations Third Quarter Net Income and Adjusted EBITDA Increased 10% and 4%, Respectively, In Line with Expectations Strong Free Cash Flow Delivery Continued; $50M Debt Prepayment Made After Quarter End Full Year Net Revenue, Net Income and Adjusted EBITDA Guide Updated Planned CEO and CFO Transition Announced LAKE FOREST, IL, October 30, 2024 – (BUSINESSWIRE) – Reyn ...

Reynolds Consumer Products (REYN) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual inv ...

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Reynolds Consumer Products (REYN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Reynolds Consumer Products is one of 277 companies i ...

For the quarter ended June 2024, Reynolds Consumer Products (REYN) reported revenue of $930 million, down 1.1% over the same period last year. EPS came in at $0.46, compared to $0.32 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $886.11 million, representing a surprise of +4.95%. The company delivered an EPS surprise of +4.55%, with the consensus EPS estimate being $0.44. While investors scrutinize revenue and earnings changes year-over-year and how they compare w ...

Financial Data and Key Metrics Changes - The company reported a strong second quarter with retail revenues increasing by 1% to $892 million, exceeding expectations [11] - Consolidated revenues declined by 1%, reflecting the retail revenue increase and a 2-point decrease in low-margin non-retail revenues [11] - Adjusted EBITDA increased by $22 million to $172 million, driven by manufacturing volume output and lower operational costs [12] - Earnings per share rose to $0.46, up $0.14 from the second quarter of 2023 [12] - Year-to-date retail revenues reached $1.687 billion, while low-margin non-retail revenues declined to $77 million [12] - Adjusted EBITDA for the year-to-date increased by $62 million to $294 million [12] Business Line Data and Key Metrics Changes - The Reynolds Cooking & Baking business continued to perform strongly, with Reynolds Wrap gaining additional market share in the household foil category [7] - Hefty and Presto Waste & Storage bag businesses showed sequential improvement in sales volumes, driven by product innovation [8] - The disposable tableware segment saw a decrease of 1% in volume, an improvement from declines of 6% in the first quarter and 8% in the second half of the previous year [9] Market Data and Key Metrics Changes - The company noted that retail trends improved sequentially in a challenging economic environment characterized by declines in personal savings and high household debt [5] - The overall categories were approximately 130 basis points stronger in MULO+ than in Nielsen track channels, indicating better performance in newer retail channels [17] Company Strategy and Development Direction - The company is focused on product innovation and expanding its range of sustainable offerings, aiming to provide sustainable solutions in all categories by 2025 [6] - The Reyvolution cost savings initiative is expected to remain a major driver of margin and profit growth over the long term [18] - The company plans to continue leading its categories by leveraging its business model and investing in its product portfolio [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the pressure on consumers due to economic factors but emphasized that their products are affordable and convenient, benefiting from a shift towards home consumption [30] - The company expects modest sequential improvement in retail volumes in the second half of the year [11] - Management remains confident in their promotional strategies and the stability of their pricing despite broader economic challenges [30] Other Important Information - The company raised its full-year 2024 revenue outlook to a range of $3.590 billion to $3.670 billion, reflecting strong second-quarter performance [13] - The adjusted EBITDA forecast for the full year was raised to a range of $670 million to $685 million [14] - The company expects free cash flow of over $300 million for the full year and aims to maintain net debt leverage within a target of 2 to 2.5 times adjusted EBITDA [17] Q&A Session Summary Question: Can you take us through the various building blocks behind the expected moderate improvement in retail volume in the second half? - Management explained that they start with reported retail volumes, adjusting for product portfolio optimization and retail order timing differences, expecting sequential improvement from Q1 to Q2 and further improvements into Q3 and Q4 [21] Question: How is the broader economy affecting your performance? - Management noted that the pressure on out-of-home dining has led consumers to eat more at home, benefiting their categories of household essentials [22] Question: Can you provide an update on how things are going in Q3 or July so far? - Management indicated that July performance was in line with expectations, with consumer takeaway in their categories also meeting expectations [25] Question: What is driving the outperformance in new scanner data channels? - Management highlighted that MULO+ captures a broader cross-section of consumer behavior, showing better performance compared to Nielsen [26] Question: How do you see the gross margin progression for the rest of the year? - Management expects a 200 basis point improvement in gross margin for the full year, with slight expansion in Q3 and contraction in Q4 due to increased costs [36] Question: What is the status of the Hefty Tableware turnaround efforts? - Management reported effective promotions driving volume recovery, although it did impact margins to some extent [41] Question: How are you seeing trade downs between brands and private label? - Management noted that private label sales volume has returned to 2019 levels, with a modest increase in private label in some categories while also driving brand share [46]

Q2 2024 Financial Performance - Net revenues for Q2 2024 reached $930 million[6] - Adjusted EBITDA for Q2 2024 was $172 million, resulting in an 18% margin[6] - Reynolds Cooking & Baking segment's net revenues were $304 million, with an adjusted EBITDA of $56 million and an 18% margin[8] - Hefty Waste & Storage segment's net revenues were $238 million, with an adjusted EBITDA of $69 million and a 29% margin[10] - Hefty Tableware segment's net revenues were $245 million, with an adjusted EBITDA of $39 million and a 16% margin[11] - Presto Products segment's net revenues were $150 million, with an adjusted EBITDA of $37 million and a 25% margin[12] Year-to-Date (YTD) Financial Performance - Net revenues YTD reached $1764 million[7] - Adjusted EBITDA YTD was $294 million, resulting in a 17% margin[7] Full Year 2024 Outlook - The company expects net revenues between $3590 million and $3670 million[13] - Adjusted EBITDA is projected to be between $670 million and $685 million[13] - Net income is expected to be between $346 million and $358 million[13]

Reynolds Consumer Products (REYN) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this company would post earnings of $0.22 per share when it actually produced earnings of $0.23, delivering a surprise of 4.55%. Over the last four quarters, t ...

Reynolds Consumer Products Inc. (NASDAQ:REYN) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Mark Swartzberg - Vice President, Investor Relations Lance Mitchell - President & Chief Executive Officer Scott Huckins - Chief Financial Officer Conference Call Participants Rob Ottenstein - Evercore Peter Grom - UBS Mark Astrachan - Stifel Andrea Teixeira - JPMorgan Madison Callinan - Canaccord Genuity Jim Abbott - Barclays Operator Greetings, and welcome to the Reynolds Consumer Pro ...

Non-GAAP Financial Measures We use non-GAAP financial measures "Adjusted EBITDA," "Adjusted Net Income," "Adjusted Earnings Per Share," "Net Debt" and "Net Debt to Trailing Twelve Months Adjusted EBITDA," in evaluating our past results and future prospects. We define Adjusted EBITDA as net income calculated in accordance with GAAP, plus the sum of income tax expense, net interest expense, depreciation and amortization and further adjusted to exclude certain, non-recurring items, if applicable. We define Adj ...

Financial Performance - Total net revenues decreased by $41 million, or 5%, to $833 million for the three months ended March 31, 2024, compared to the same period in 2023[78]. - Net income increased by $32 million to $49 million, driven by declines in material and manufacturing costs and reduced interest expense[79]. - Adjusted EBITDA increased by $40 million, or 49%, to $122 million, primarily due to lower material and manufacturing costs[99]. - Cost of sales decreased by $87 million, or 12%, to $632 million, attributed to lower volume and material costs[94]. - Selling, general and administrative expenses increased by $6 million, or 6%, to $111 million, mainly due to higher personnel and advertising costs[94]. Segment Performance - Reynolds Cooking & Baking segment net revenues decreased by $19 million, or 7%, to $264 million, primarily due to an $18 million decline in non-retail revenues[101]. - Hefty Waste & Storage segment net revenues remained stable at $229 million, with a slight decrease in retail revenues[88]. - Hefty Tableware segment net revenues decreased by $19 million, or 8%, to $205 million, driven by lower retail volume[88]. - Presto Products segment net revenues remained stable at $143 million, with no significant changes reported[88]. - Hefty Waste & Storage total segment net revenues decreased by $4 million, or 2%, to $229 million, due to lower volume[103]. - Hefty Tableware total segment net revenues decreased by $19 million, or 8%, to $205 million, primarily due to lower volume and pricing[105]. - Presto Products total segment net revenues were relatively flat at $143 million, a decrease of $1 million, or 1%[108]. Adjusted EBITDA by Segment - Reynolds Cooking & Baking Adjusted EBITDA increased by $29 million, or 725%, to $33 million, primarily driven by lower material and manufacturing costs[102]. - Hefty Waste & Storage Adjusted EBITDA increased by $11 million, or 20%, to $66 million, driven by lower material and manufacturing costs[104]. - Presto Products Adjusted EBITDA increased by $10 million, or 53%, to $29 million, primarily driven by lower material and manufacturing costs[109]. Cash Flow and Capital Structure - Net cash provided by operating activities increased by $11 million to $99 million, driven by working capital initiatives and higher net income[113]. - Net cash used in investing activities increased by $7 million to $29 million, driven by increased capital expenditures[114]. - As of March 31, 2024, the outstanding balance under the Term Loan Facility was $1,845 million, with no outstanding borrowings under the Revolving Facility[117]. - A cash dividend of $0.23 per share was declared and paid during the three months ended March 31, 2024[134].