Reynolds Consumer Products Inc. (NASDAQ:REYN) Q1 2022 Earnings Conference Call May 10, 2022 8:00 AM ET

Company Participants

Mark Swartzberg – Vice President, Investor Relations

Lance Mitchell – President and Chief Executive Officer

Michael Graham – Chief Financial Officer

Conference Call Participants

Kaumil Gajrawala – Credit Suisse

Nik Modi – RBC Capital Markets

Rob Ottenstein – Evercore

Stephen Lengel – Truist Securities

Andrea Teixeira – JP Morgan

Lauren Lieberman – Barclays

Peter Grom – UBS

Mark Astrachan – Stifel

Operator

Ladies and gentlemen, thank you for standing by. And welcome to the Reynolds Consumer Products First Quarter 2022 Earnings Call. At this time, all participants are in listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please note today’s call is being recorded.

I’ll now hand the conference over to your speaker today, Mark Swartzberg. Thank you. Please go ahead.

Mark Swartzberg

Good morning, and thank you for joining us on Reynolds Consumer Products first quarter 2022 earnings conference call. On the call today are Lance Mitchell, President and Chief Executive Officer; and Michael Graham, Chief Financial Officer. For our agenda today, Lance will focus on market conditions on our fundamentals, and Michael will review our quarter and outlook. Together, our remarks will be approximately 15 minutes, then we will open it up for your questions.

During the course of this call, management may make forward-looking statements within the meaning of the federal securities laws. These statements are based on management’s current expectations and involve risks and uncertainties that could cause actual results and outcomes to differ materially from those described in these forward-looking statements.

Please refer to Reynolds Consumer Products Annual Report on Form 10-K and other reports filed from time to time with the Securities and Exchange Commission and its press release issued this morning for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today.

Please note management’s remarks today will focus on non-GAAP or adjusted financial measures. A reconciliation of GAAP measures to non-GAAP financial measures is available in the earnings release posted under the Investor Relations heading on our website at reynoldsconsumerproducts.com. The company has also prepared a few presentation slides and additional supplemental financial information, which are posted on Reynolds website under the Investor Relations heading.

This call is being webcast and an archive of it will also be available on the site. While we would like to answer all your questions during the Q&A session, in the interest of time, we ask that you ask one question and a follow-up and rejoin the queue if you have additional questions.