Reynolds Consumer Products (REYN) Q1 2026 earnings summary

Executive summary

• Net revenues increased 7% year-over-year to $877 million in Q1 2026, driven by higher pricing, retail volume, and broad-based commercial momentum despite a volatile macroeconomic environment.

• Net income rose 90% to $59 million, primarily due to higher revenue, operational efficiencies, and non-recurring costs in the prior year.

• Adjusted EBITDA grew 12% to $131 million, reflecting higher retail volume, manufacturing efficiencies, and a 15% margin.

• Realigned business segments to enhance efficiency, innovation, and strategic focus, with prior periods recast for comparability.

• Maintained high service levels and double-digit e-commerce growth, supporting retail partners and capturing demand.

Financial highlights

• Q1 2026 net revenues were $877 million, up from $818 million in Q1 2025.

• Net income for Q1 2026 was $59 million, up from $31 million year-over-year.

• Adjusted EBITDA was $131 million, up from $117 million in the prior year; adjusted EBITDA margin was approximately 15%.

• Gross profit for Q1 2026 was $207 million, up from $189 million in Q1 2025.

• Diluted EPS for Q1 2026 was $0.28, up from $0.15 year-over-year.

Outlook and guidance

• Full-year 2026 net revenues expected to range from -3% to +1% versus 2025's $3.7 billion; net income guidance of $331–$343 million and adjusted EBITDA of $660–$675 million.

• Q2 2026 net revenues projected at -2% to +1% year-over-year, with net income of $83–$91 million and adjusted EBITDA of $165–$175 million.

• Quarterly dividend of $0.23 per share declared for Q2 2026, payable May 29, 2026.

• Pricing expected to be a larger contributor to revenue in the second half due to $200 million in annualized cost increases.