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REYN Reynolds Consumer Products

RCP's mission is to simplify daily life so consumers can enjoy what matters most. RCP is a market-leading consumer products company with a presence in 95% of households across the United States. RCP produces and sells products across three broad categories: cooking products, waste & storage products and tableware that are sold under iconic brands such as Reynolds and Hefty, as well as under store brands that are strategically important to RCP's customers. Overall, across both branded and store brand offerings, RCP holds the #1 or #2 U.S. market share position in the majority of product categories in which it participates.

Company profile

Ticker
REYN
Exchange
CEO
V. Lance Mitchell
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Reynolds Consumer Products Canada Inc. • Reynolds Consumer Products Holdings LLC • Reynolds Consumer Products LLC • Reynolds International Services LLC • Reynolds Manufacturing, Inc. • Reynolds Presto Products Inc. • Trans Western Polymers, Inc. ...
IRS number
453464426

REYN stock data

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Calendar

4 Nov 21
8 Dec 21
31 Dec 21
Quarter (USD)
Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 70M 70M 70M 70M 70M 70M
Cash burn (monthly) (positive/no burn) 23.42M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 53.59M n/a n/a n/a n/a
Cash remaining n/a 16.41M n/a n/a n/a n/a
Runway (months of cash) n/a 0.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Sep 21 Ziegler Ann Elizabeth Common Stock Option exercise Acquire M No No 0 1,362 0 1,362
22 Sep 21 Ziegler Ann Elizabeth RSU Common Stock Option exercise Dispose M No No 0 1,362 0 0
22 Sep 21 Ziegler Ann Elizabeth Common Stock Option exercise Acquire M No No 0 1,362 0 1,362
22 Sep 21 Ziegler Ann Elizabeth RSU Common Stock Option exercise Dispose M No No 0 1,362 0 0
10 Aug 21 V Lance Mitchell Common Stock Buy Acquire P No No 28.707 3,500 100.47K 40,041
6 Aug 21 Michael E. Graham Common Stock Buy Acquire P No No 27.94 2,400 67.06K 10,359
5 Aug 21 Chris Mayrhofer Common Stock Buy Acquire P Yes No 27.839 4,000 111.36K 13,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 163 180 -9.4%
Opened positions 21 42 -50.0%
Closed positions 38 33 +15.2%
Increased positions 77 68 +13.2%
Reduced positions 50 57 -12.3%
13F shares
Current Prev Q Change
Total value 6.25B 6.35B -1.7%
Total shares 212.87M 210.87M +0.9%
Total puts 57.4K 37.2K +54.3%
Total calls 124.6K 93.3K +33.5%
Total put/call ratio 0.5 0.4 +15.5%
Largest owners
Shares Value Change
Packaging Finance 155.46M $4.67B 0.0%
WFC Wells Fargo & Co. 11.34M $310.14M +5.3%
TROW T. Rowe Price 8.56M $233.96M +7.0%
FMR 5.82M $159.24M +4.5%
Vanguard 5.12M $139.86M +5.9%
Massachusetts Financial Services 2.3M $63M +1.5%
BLK Blackrock 2.19M $59.83M -2.1%
Fuller & Thaler Asset Management 1.92M $52.41M +6.3%
Thompson Siegel & Walmsley 1.64M $44.9M +4.4%
Clearbridge Advisors 1.47M $40.32M -6.7%
Largest transactions
Shares Bought/sold Change
WFC Wells Fargo & Co. 11.34M +569.53K +5.3%
TROW T. Rowe Price 8.56M +558.71K +7.0%
Manufacturers Life Insurance Company, The 532.11K +532.11K NEW
Ubs Global Asset Management Americas 74.73K -474.27K -86.4%
Harris Associates L P 450.59K +395.63K +719.9%
American Century Companies 0 -307.73K EXIT
Vanguard 5.12M +285.96K +5.9%
FMR 5.82M +248.42K +4.5%
Ceredex Value Advisors 310.88K +172.21K +124.2%
Renaissance Technologies 0 -167.4K EXIT

Financial report summary

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Risks
  • Our success depends on our ability to anticipate and respond to changes in consumer preferences.
  • We are dependent on maintaining satisfactory relationships with our major customers, and significant consolidation among our customers, or the loss of a significant customer, could decrease demand for our products or reduce our profitability.
  • We operate in competitive markets.
  • Any interruption in our supply of raw materials could harm our business, financial condition and results of operations.
  • Our business is impacted by fluctuations in raw material, energy and freight costs, including the impact of tariffs and similar matters.
  • Our brands are critical to our success.
  • Our business may be affected by economic downturns in the markets that we serve and in the regions that supply our raw materials.
  • Our profitability and cash flows could suffer if we are unable to continue to generate cost savings in our manufacturing and distribution processes.
  • Sales growth objectives may be difficult to achieve, and we may not be able to achieve our innovation goals, develop and introduce new products and line extensions or expand into adjacent categories and countries.
  • We may incur liabilities, experience harm to our reputation and brands, or be forced to recall products as a result of real or perceived product quality or other product-related issues.
  • We are affected by seasonality.
  • Loss of our key management and other personnel, or an inability to attract new management and other personnel, could negatively impact our business, financial condition and results of operations.
  • We may have difficulty acquiring product lines or businesses, which could impact our business, financial condition and results of operations.
  • We may not be successful in obtaining, maintaining and enforcing sufficient intellectual property rights to protect our business, or in avoiding claims that we infringe on the intellectual property rights of others.
  • Goodwill and indefinite-lived intangible assets are a material component of our balance sheet and impairments of these assets could have a significant impact on our results.
  • Some of our workforce is covered by collective bargaining agreements, and our business could be harmed in the event of a prolonged work stoppage.
  • Tax legislation initiatives or challenges to our tax positions could adversely affect our operations and financial condition.
  • We have significant debt, which could adversely affect our financial condition and ability to operate our business.
  • An increase in market interest rates, or a phase-out or replacement of the LIBO rate with a benchmark rate that is higher or more volatile than the LIBO rate, could increase our interest costs.
  • Substantial future sales by Packaging Finance Limited or others of our common stock, or the perception that such sales may occur, could depress the price of our common stock.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.
  • Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware is the exclusive forum for substantially all disputes between us and our stockholders.
  • We could incur significant liabilities if we take certain actions that result in assessment of U.S. federal income tax on certain internal transactions undertaken by PEI Group (previously known as RGHL Group) in preparation for our IPO.
  • We may be affected by significant restrictions, including on our ability to engage in certain corporate transactions for a two-year period after the Corporate Reorganization, in order to avoid triggering significant tax-related liabilities.
  • PFL controls the direction of our business and PFL’s concentrated ownership of our common stock may prevent our stockholders from influencing significant decisions.
  • If we are no longer affiliated with PEI Group, we may be unable to continue to benefit from that relationship, which may adversely affect our operations and have a material adverse effect on us.
  • We have entered, and may continue to enter, into certain related party transactions. There can be no assurance that we could not have achieved more favorable terms if such transactions had not been entered into with related parties, or that we will be able to maintain existing terms in the future.
  • If PFL sells a controlling interest in our company to a third party in a private transaction, investors may not realize any change-of-control premium on shares of our common stock and we may become subject to the control of a presently unknown third party.
  • We are a “controlled company” within the meaning of the rules of Nasdaq and, as a result, rely on exemptions from certain corporate governance requirements.
  • PEI Group may compete with us, and its competitive position in certain markets may constrain our ability to build and maintain partnerships.
  • Our inability to resolve in a manner favorable to us any potential conflicts or disputes that arise between us and PEI Group, PFL or Rank with respect to our past and ongoing relationships may adversely affect our business and prospects.
  • As a newly stand-alone public company, our historical financial data is not necessarily representative of the results we would have achieved as a stand-alone public company and may not be a reliable indicator of our future results.
  • Our ability to operate our business effectively may suffer if we do not, quickly and cost effectively, establish our own financial, administrative, and other support functions, and we cannot assure you that the transitional services PEI Group and Rank have agreed to provide us will be sufficient for our needs.
  • We do not have a history of complying with the requirements of being a public company and the requirements of being a public company may strain our resources and divert management’s attention.
  • We are subject to governmental regulation and we may incur material liabilities under, or costs in order to comply with, existing or future laws and regulations.
  • We could incur significant liabilities related to, and significant costs in complying with, environmental, health and safety laws, regulations and permits.
  • We depend on intellectual property rights licensed from third parties, and disputes regarding, or termination of, these licenses could result in loss of rights, which could harm our business.
  • Breaches of our information systems security measures could expose us to liability and disrupt our operations.
  • Legal claims and proceedings could adversely impact our business.
  • If securities or industry analysts do not publish research or reports about our business, or they publish inaccurate or unfavorable reports about our business, the price of our common stock and trading volume could decline.
  • Failure to maintain effective internal controls over financial reporting in accordance with Sections 302 and 404 of the Sarbanes-Oxley Act could have a material adverse effect on our business and reputation.
Management Discussion
  • Discussions of the year ended December 31, 2018 items and comparisons between the year ended December 31, 2019 and the year ended December 31, 2018 can be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K filed on March 10, 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: aggressively, consumption, realized, reduction
Removed: impacted