Reynolds Consumer Products Reports Fourth Quarter and Fiscal Year 2022 Financial Results
Reynolds Consumer Products Inc. (“Reynolds,” “RCP” or the “Company”) (Nasdaq: REYN) today reported financial results for the fourth quarter and fiscal year ended December 31, 2022.
- Reynolds Consumer Products Inc. (“Reynolds,” “RCP” or the “Company”) (Nasdaq: REYN) today reported financial results for the fourth quarter and fiscal year ended December 31, 2022.
- “We are encouraged by three of four segments’ recovery to pre-pandemic profitability and record profits in the fourth quarter.
- However, Reynolds Cooking & Baking performance was disappointing due to a combination of operational inefficiencies and lower volume.
- Capital expenditures were $128 million for the year ended December 31, 2022 compared to $141 million in the prior year.