Reynolds Consumer Products(US:REYN)2021-05-05 17:35First Quarter 2021 Results - Net revenues for the first quarter ended March 31, 2021, were $757 million[11] - Adjusted EBITDA for the first quarter was $140 million, with an 18% margin[11] - Reynolds Cooking & Baking net revenues were $272 million with $53 million Adjusted EBITDA and 19% margin[11] - Hefty Waste & Storage net revenues were $194 million with $44 million Adjusted EBITDA and 23% margin[11] - Presto Products net revenues were $126 million with $18 million Adjusted EBITDA and 14% margin[11] - Hefty Tableware net revenues were $170 million with $34 million Adjusted EBITDA and 20% margin[11] Fiscal Year 2021 Guidance - The company expects high single-digit growth in net revenues compared to $3263 million in FY20[12] - Net income is projected to be between $372 million and $395 million[12] - Adjusted EBITDA is expected to be between $670 million and $700 million[12] - Net debt is estimated to be approximately $18 billion as of December 31, 2021[12] Second Quarter 2021 Guidance - The company anticipates high single-digit growth in net revenues compared to $822 million in Q2 2020[14] - Net income is forecasted to be between $73 million and $80 million[14] - Adjusted EBITDA is projected to be between $140 million and $150 million[14]