Business
Reynolds Consumer Products Hosts 2024 Investor Day
Introduces 2030 Vision Reaffirms Q1 2024 and Full Year 2024 Guidance LAKE FOREST, Ill.--(BUSINESS WIRE)-- Reynolds Consumer Products Inc. (the “Company”)
About this update from Reynolds Consumer Products Inc.
[{"type":"text","content":"\nIntroduces 2030 Vision\n\n\nReaffirms Q1 2024 and Full Year 2024 Guidance\n\n\n LAKE FOREST, Ill.--(BUSINESS WIRE)--\nReynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) will host its 2024 Investor Day tomorrow, March 19, 2024, in New York City at 8:30am ET. This event was first announced on February 1, 2024. The live webcast can be found at https://investorday.reynoldsconsumerproducts.com/. A replay of the presentation, including slides and transcripts, will be posted to the Investor Relations section of the Company’s website after the conclusion of tomorrow’s event.\n\n\nThe Reynolds Consumer Products 2024 Investor Day will feature presentations from key members of the leadership team, providing in-depth discussions on the Company’s strategic priorities, financial objectives and long-term goals.\n\n\nThe presentation will kick-off with an address from Lance Mitchell, President and Chief Executive Officer, who will introduce the Reynolds Consumer Products 2030 Vision along with the four pillars that support it. The four pillars of the 2030 vision are: (1) “Grow the Core”, driving organic volume growth through championing the Reynolds categories, leveraging innovation and sustainable new products; (2) “Expand Margins” through leveraging the Reyvolution program for operating efficiencies, cost management, and digital transformation; (3) “Champion Cash” by investing in the business for revenue and profit growth, extending working capital efficiencies, and increasing financial flexibility through debt reduction; and (4) “Explore for More”, expanding the business scope through innovation in adjacent categories, targeted acquisition opportunities, and investing in and developing enabling technologies.\n\n\nEach of the Presidents of the four Reynolds Consumer Products business units will then review their business dynamics and strategies. Judi Buckner will review Reynolds Cooking & Baking, Lisa Smith will present Hefty Waste & Storage, Chris Corey will discuss Presto Products, and Rachel Bishop will review Hefty Tableware.\n\n\nScott Huckins, CFO, will review the Reynolds Consumer Products financial algorithm, capital allocation framework, and total shareholder return (TSR) drivers. The session will conclude with a question-and-answer session for participants.\n\n\nAdditionally, Reynolds Consumer Products is reaffirming g...