Reynolds Consumer Products Reports $938M Revenue in Q2 2025, Net Income Down 25%

Reynolds Consumer Products Inc. reported a total net revenue of $938 million for the second quarter of 2025, reflecting a 1% increase from $930 million in the same period of 2024. The revenue growth was primarily attributed to higher pricing, which offset a decline in retail volume. For the first half of 2025, the company recorded net revenues of $1.756 billion, a slight decrease from $1.764 billion in the prior year, driven by lower volume despite higher pricing. The net income for the second quarter was $73 million, down 25% from $97 million in the previous year, while the first half net income decreased by 28% to $105 million from $145 million.

The company experienced a decrease in profitability due to several factors, including the timing of pricing actions relative to input cost increases, costs associated with strategic initiatives, and CEO transition costs. Additionally, the second quarter of 2024 benefited from a one-time tax gain of $10 million, which did not recur in 2025. Selling, general, and administrative expenses decreased by 17% to $96 million in the second quarter, contributing to a reduction in overall costs.

Operationally, Reynolds Consumer Products continues to maintain a strong market presence, with its products reaching 95% of U.S. households. The company operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Hefty Waste & Storage segment saw a revenue increase of 5% to $255 million, driven by higher volume, while the Hefty Tableware segment experienced a decline of 4% to $242 million due to reduced foam product sales. The Reynolds Cooking & Baking segment reported a modest revenue increase of 1% to $295 million, supported by higher pricing and non-retail volume.

In terms of strategic developments, Reynolds Consumer Products amended its senior secured term loan facility in March 2025, extending the maturity to March 2032 and allowing for quarterly amortization payments. The company also reported a debt refinancing expense of $13 million in the first half of 2025. Looking ahead, Reynolds Consumer Products anticipates continued challenges related to input costs and market conditions but remains focused on leveraging its strong brand portfolio and operational efficiencies to drive future growth. The company plans to maintain its quarterly dividend of $0.23 per share, reflecting its commitment to returning value to shareholders while navigating the current economic landscape.