Reynolds Consumer Products(US:REYN)2023-02-08 16:12Financial Performance & Outlook - For Q1 2023, the company anticipates net income between $12 million and $20 million and adjusted EBITDA between $75 million and $85 million[67] - For fiscal year 2023, the company projects net income between $274 million and $296 million and adjusted EBITDA between $605 million and $635 million[2, 67] - Fiscal Year 2022 net revenues increased by 7%, driven by pricing actions offsetting volume decline[19] - Q4 2022 net revenues were $398 million for Reynolds Cooking & Baking, $297 million for Hefty Waste & Storage, and $156 million for Presto Products[25, 30, 32] - Adjusted EBITDA margin for Q4 2022 was 11% for Reynolds Cooking & Baking, 21% for Hefty Waste & Storage, and 19% for Presto Products[25, 30, 32] Segment Performance - Hefty Waste & Storage Q4 2022 adjusted EBITDA increased 57%, driven by pricing and cost savings, despite a 5% volume decrease[28] - Hefty Tableware Q4 2022 net revenues increased 28%, and adjusted EBITDA increased 88% due to pricing and cost savings initiatives[56] - Presto Products Q4 2022 net revenues increased 8%, and adjusted EBITDA increased 76% due to pricing, volume, and cost reduction initiatives[59] Market Share & Category Trends - Reynolds Consumer Products holds 59% category share in Aluminum Foil, 62% in Convenience Cooking, and 51% in Trash Bags[34, 37, 66] - Reynolds Consumer Products holds 37% category share in Food Storage Bags[36] Debt - As of December 31, 2022, the company's net debt was $2053 million[11]