July 26, 2017 8:08 PM ET

Containers and Packaging

Company Overview of Reynolds Group Holdings Ltd.

Company Overview

Reynolds Group Holdings Limited manufactures and supplies consumer food, beverage, and foodservice packaging products worldwide. The company operates through five segments: Evergreen, Closures, Reynolds Consumer Products, Pactiv Foodservice, and Graham Packaging. The Evergreen segment provides fresh carton packaging products, such as fresh cartons, spouts, and filling machines for juice and milk markets; liquid packaging boards for other fresh beverage carton manufacturers; and coated groundwood paper products for catalogs, inserts, magazine, and commercial printing applications, as well as uncoated freesheet for use in envelope, specialty, and offset printing paper. The Closures segment man...

148 Quay Street

Level Nine

Auckland,  1010

New Zealand

Founded in 2006

29,000 Employees

Phone:

64 9 366 6259

Key Executives for Reynolds Group Holdings Ltd.

Chief Executive Officer and Director
Age: 69
Chief Financial Officer
Age: 54
Chief Executive Officer of Pactiv Foodservice
Age: 58
CEO of Graham Packaging Business and CEO of Graham Packaging, Evergreen & Closures
Age: 53
Chief Executive Officer of Reynolds Consumer Products
Age: 57
Compensation as of Fiscal Year 2017.

Reynolds Group Holdings Ltd. Key Developments

Reynolds Group Holdings Ltd. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2017; Announces Asset Impairment Charges, Net of Reversals; Provides Capital Expenditure Guidance for Fiscal 2017

Reynolds Group Holdings Ltd. announced unaudited consolidated financial results for the first quarter ended March 31, 2017. For the year, the company reported revenue of $2,451 million against $2,540 million for the same period a year ago. Profit from operating activities was $251 million against $261 million for the same period a year ago. Profit from continuing operations before income tax was $21 million against $328 million for the same period a year ago. Profit from continuing operations was $41 million against $213 million for the same period a year ago. Profit for the period was $41 million against $224 million for the same period a year ago. Adjusted EBITDA from continuing operations was $467 million against $488 million for the same period a year ago. Cash used in operating activities was $27 million against cash from operating activities of $117 million for the same period a year ago. Capital expenditures were $94 million against $65 million for the same period a year ago. For the quarter, the company announced asset impairment charges, net of reversals of $1,000. The company expects to incur approximately $375 million in capital expenditures during 2017 (excluding acquisitions) largely to support business growth, cost reduction and business maintenance. The company expects to fund these expenditures with cash flows from operations.

Reynolds Group Holdings Ltd., Q1 2017 Earnings Call, May 03, 2017

Reynolds Group Holdings Ltd., Q1 2017 Earnings Call, May 03, 2017

Reynolds Group Announces Earnings Results for the Fourth Quarter and Full Year of 2016

Reynolds Group announced earnings results for the fourth quarter and full year of 2016. For the quarter, the company reported revenue decreased by 6% to $382 million. This decrease was primarily driven by lower sales volume from all product lines: paper products, carton packaging and liquid packaging board; price and product mix declines for liquid packaging board and paper products. EBITDA decreased by 9% to $68 million, and the decrease was primarily driven by price and product mix declines for liquid packaging board and paper products, lower sales volume across all product lines, partially offset by lower input costs primarily energy, resin and fiber. For the year, the company reported revenue for the group for 2016 was $10.7 billion, down 5% from $11.2 billion a year ago. Most of this decline can be attributed to foreign exchange and raw material pass-through. EBITDA for the group was up 4% from was $2.1 billion, up 4% from $2 billion a year ago.

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