Reynolds Consumer Products reported third‑quarter 2025 results with revenue of $931 million, up 2 percent year‑over‑year, and net income of $79 million, down 8 percent from the same period in 2024. Adjusted net income rose to $88 million and adjusted EBITDA reached $168 million, compared with $86 million and $171 million, respectively, in Q3 2024. Year‑to‑date, the company generated net revenues of $2,687 million versus $2,675 million in the prior year, and net income of $184 million versus $231 million.
Segment performance showed Reynolds Cooking & Baking generating $308 million in revenue and $53 million in adjusted EBITDA, Hefty Waste & Storage $266 million and $74 million, Hefty Tableware $200 million and $29 million, and Presto Products $163 million and $35 million. Hefty Tableware revenue fell $22 million due to foam‑related challenges, yet its adjusted EBITDA increased $3 million as the segment managed costs and pricing more effectively.
The decline in net income was driven by lower volumes in certain categories and the impact of $9 million in after‑tax CEO transition costs and strategic investments. The company also reduced net debt by making a voluntary $50 million principal payment on its term loan facility. Capital spending for the year is expected to rise $30 million to $40 million to support growth, margin improvement, and onshoring production.
Reynolds raised its full‑year 2025 outlook. Net revenues are now projected to be flat to down 1 percent versus 2024, up from the prior guidance of a 1–2 percent increase. Net income is now expected to be $294–$302 million, compared with the previous range of $280–$290 million. Adjusted net income is projected at $337–$345 million, adjusted earnings per share $1.60–$1.64, and adjusted EBITDA $655–$665 million.
For the fourth quarter, revenue is forecast to decline 1–5 percent, net income $110–$118 million, and adjusted EBITDA $208–$218 million. The company will pay a quarterly dividend of $0.23 per share, payable November 28 2025.
Strategically, Reynolds is focusing on debt reduction, cost discipline, and innovation. New product launches include Reynolds Wrap Fun Foil, Reynolds Kitchens Air Fryer Liners, Hefty ECOSAVE compostable cutlery, and the Hefty Fabuloso line. Leadership changes include the appointment of a new Chief Commercial Officer and Chief Operations Officer, reinforcing the company’s US‑centric business model amid a challenging retail environment for low‑ and middle‑income consumers.
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