Reynolds Consumer Products recently released its Form 10-Q for the quarter ended March 31, 2026. The company makes and sells products used for cooking, serving, cleanup and storage, with operations organized into four segments: Reynolds Cooking & Kitchen Essentials, Hefty Waste & Clean-Up, Hefty Home & Tableware, and Hefty Storage & Organization. Its portfolio includes branded and store-brand foil, pans, wraps, trash bags, food storage bags, plates, cups, cutlery and related products sold in the U.S. and select international markets, and the company is based in Lake Forest, Illinois.
In Item 2, management said total net revenues rose 7% year over year to $877 million from $818 million. The increase came from higher pricing and higher retail volume, with pricing used to recover higher input costs. Net income increased 90% to $59 million from $31 million, while adjusted EBITDA rose 12% to $131 million from $117 million.
Gross profit increased to $207 million from $189 million, and gross margin widened to 24% from 23%. Cost of sales climbed 7% to $670 million, mainly because of higher material costs, partly offset by manufacturing efficiencies. SG&A rose 5% to $109 million, driven primarily by higher professional fees.
Operating income increased 29% to $98 million from $76 million. Other expense, net fell to zero from $9 million, reflecting the absence of prior-year strategic initiative costs and CEO transition costs. Interest expense stayed flat at $21 million, and income before taxes rose to $77 million from $42 million.
By segment, Reynolds Cooking & Kitchen Essentials posted revenue of $314 million, up from $259 million, and adjusted EBITDA of $44 million, up from $38 million. Hefty Waste & Clean-Up revenue was $224 million, compared with $226 million, while adjusted EBITDA held at $62 million. Hefty Home & Tableware revenue increased to $180 million from $179 million, and adjusted EBITDA rose to $28 million from $17 million. Hefty Storage & Organization revenue increased to $159 million from $153 million, and adjusted EBITDA rose to $27 million from $21 million.
The company also noted a January 2026 reorganization that split the former Hefty Waste & Storage and Presto Products businesses into Hefty Waste & Clean-Up and Hefty Storage & Organization, with prior-period segment data recast to match the new structure. As a result of these announcements, the company's shares have moved 3.33% on the market, and are now trading at a price of $22.00. For the full picture, make sure to review Reynolds Consumer Products's 10-Q report.
