Reynolds Consumer Products Inc. reported its first quarter 2025 financial results on April 30, 2025, with net revenues decreasing to $818 million from $833 million in Q1 2024. Net income declined to $31 million, compared to $49 million in the prior year, primarily due to $10 million in after-tax refinancing costs and $8 million in after-tax CEO transition costs and strategic investments.
Adjusted Net Income remained unchanged year-over-year, while Adjusted EBITDA decreased to $117 million from $122 million, reflecting lower volume and higher operational costs, partially offset by higher pricing and reduced SG&A. Diluted earnings per share for the quarter were $0.15, down from $0.23 in Q1 2024. The company noted it outperformed its categories by two points at retail.
The company updated its full-year 2025 Adjusted EBITDA outlook to a range of $650 million to $670 million and Adjusted EPS to $1.54 to $1.61. It expects 2% to 4% positive pricing to offset an estimated $100 million to $200 million annualized cost headwind from tariffs. Second quarter 2025 net revenues are projected to be down 2% to 5% compared to Q2 2024, with Adjusted EBITDA between $155 million and $165 million, and Adjusted EPS between $0.35 and $0.39.
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