Reynolds Consumer Products (REYN) Q2 2026 earnings summary

Executive summary

• Q2 2026 net revenues increased 1% year-over-year to $944 million, with net income up 22% to $89 million and adjusted EBITDA rising to $171 million, driven by operational efficiencies, productivity initiatives, and pricing actions.

• Year-to-date net revenues reached $1,821 million, net income $148 million, and adjusted EBITDA $302 million, with margin expansion supporting investments in growth and innovation.

• Maintained or gained market share in most categories, with strong e-commerce performance and brand investments.

• Segment reorganization in January 2026 consolidated product lines to enhance efficiency and innovation.

Financial highlights

• Q2 2026 net income was $89 million, up from $73 million in Q2 2025; adjusted net income was $89 million versus $83 million; adjusted EPS was $0.42, up 7% year-over-year.

• Q2 2026 gross profit was $245 million (25.9% margin), up from $226 million (24.1%) in Q2 2025.

• Year-to-date adjusted EBITDA reached $302 million on net revenues of $1,821 million.

• Operating cash flow for the first half was $173 million, up from $147 million last year.

Outlook and guidance

• Full-year 2026 net revenues outlook raised to 1%–3% growth over 2025’s $3,721 million; net income and adjusted net income expected between $331 million–$343 million; EPS and adjusted EPS forecasted at $1.57–$1.63; adjusted EBITDA projected at $660–$675 million.

• Q3 2026 net revenues expected to be flat year-over-year; net income and adjusted net income projected at $79 million–$83 million; adjusted EBITDA at $160 million–$165 million.

• Quarterly cash dividend of $0.23 per share declared for Q3 2026.

• Commodity headwinds for the year now expected at $400 million, up from $200 million previously.