Reynolds Consumer Products Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
REYN$24.11-1.7%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-07-29.
0001628280-26-050419
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-11-04.
0001628280-26-069822
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 136 previous paragraphs and 138 current paragraphs.
83 unchanged; 48 reworded; 7 added; 4 removed; 1 previous and 0 current paragraphs rearranged.
Tables are not compared: 18 previous and 18 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (7)
Current report
Total net revenues increased 3% in the nine months ended September 30, 2026 compared to the same period in 2025. The increase was primarily due to higher pricing in response to increased input costs, partially offset by lower volume.
Current report
During the three months ended September 30, 2026, our net income decreased by 27% compared to the same period in 2025, primarily driven by lower volume, higher selling, general and administrative costs and an environmental remediation reserve recorded in the current year period, partially offset by higher pricing and costs to execute strategic initiatives and costs associated with our CEO transition in the prior year period that did not repeat in the current year period.
Current report
(1) Reflects estimated costs for environmental remediation at one of our manufacturing facilities.
Current report
(5) Includes acquisition and one-time settlement costs.
Current report
Interest Expense, Net. Interest expense, net increased by $1 million, or 5%, to $22 million.
Current report
Results of Operations – Nine Months Ended September 30, 2026
Current report
Total Segment Net Revenues. Hefty Waste & Clean-Up total segment net revenues were flat compared to the prior period. Higher pricing was offset by lower volume.
Removed paragraphs (4)
Previous report
Total net revenues increased 4% in the six months ended June 30, 2026 compared to the same period in 2026. The increase was primarily driven by higher pricing in response to higher input costs, partially offset by lower volume.
Previous report
Results of Operations – Six Months Ended June 30, 2026
Previous report
Total Segment Net Revenues. Hefty Waste & Clean-Up total segment net revenues decreased by $5 million, or 1%, to $457 million. The decrease in net revenues was primarily driven by the timing of promotional activities and lower volume.
Previous report
Adjusted EBITDA. Hefty Waste & Clean-Up Adjusted EBITDA decreased by $3 million, or 2%, to $131 million. The decrease in Adjusted EBITDA was primarily driven by lower revenue and higher logistics costs, partially offset by lower operational costs.
Reworded paragraphs (48)
Previous wording
In January 2026, we reorganized the previous Hefty Waste & Storage and Presto Products segments by consolidating waste bags into the new Hefty Waste & Clean-Up segment and food bags and storage products into the new Hefty Storage & Organization segment in an effort to increase efficiencies, sharpen focus on innovation and establish a structure that can better facilitate entry into adjacent categories. Comparative segment disclosures have been recast to reflect this realignment. Prior periods will be similarly recast in our future reports for the remainder of 2026. These changes had no effect on our previously reported condensed consolidated results of operations. In addition to the segment realignment, we have renamed our existing Reynolds Cooking & Baking segment and Hefty Tableware segment to Reynolds Cooking & Kitchen Essentials and Hefty Home & Tableware, respectively.
Current wording
In January 2026, we reorganized the previous Hefty Waste & Storage and Presto Products segments by consolidating waste bags into the new Hefty Waste & Clean-Up segment and food bags and storage products into the new Hefty Storage & Organization segment in an effort to increase efficiencies, sharpen focus on innovation and establish a structure that can better facilitate entry into adjacent categories. Comparative segment disclosures have been recast to reflect this realignment. Prior periods will be similarly recast in our 2026 Form 10-K. These changes had no effect on our previously reported condensed consolidated results of operations. In addition to the segment realignment, we have renamed our existing Reynolds Cooking & Baking segment and Hefty Tableware segment to Reynolds Cooking & Kitchen Essentials and Hefty Home & Tableware, respectively.
Previous wording
•Reynolds Cooking & Kitchen Essentials: Through our Reynolds Cooking & Kitchen Essentials segment, we sell both branded and store brand aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags and slow cooker liners. Our branded products are sold under the Reynolds Wrap, Reynolds Kitchens and EZ Foil brands in the United States and select international markets, under the ALCAN brand in Canada and under the Diamond brand outside of North America. With our flagship Reynolds Wrap products, we hold the #1 market position in the U.S. consumer foil market measured by retail sales and volume. We also hold the #1 market position in the Canadian branded foil market under the ALCAN brand. We have no significant branded competitor in this market. Reynolds is one of the most recognized household brands in the United States and has been the top trusted brand in the consumer foil market for over 75 years, with greater than 50% market share in most of its categories. We also offer more sustainable solutions, such as Reynolds Wrap 100% recycled aluminum, unbleached parchment paper made with a chlorine-free process and coreless wax paper, which uses less packaging material than traditional wax paper rolls.
Current wording
•Reynolds Cooking & Kitchen Essentials: Through our Reynolds Cooking & Kitchen Essentials segment, we sell both branded and store brand aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags and slow cooker liners. Our branded products are sold under the Reynolds Wrap, Reynolds KITCHENS and EZ Foil brands in the United States and selected international markets, under the ALCAN brand in Canada and under the Diamond brand outside of North America. With our flagship Reynolds Wrap products, we hold the #1 market position in the U.S. consumer foil market measured by retail sales and volume. We also hold the #1 market position in the Canadian branded foil market under the ALCAN brand. We have no significant branded competitor in this market. Reynolds is one of the most recognized household brands in the United States and has been the top trusted brand in the consumer foil market for over 75 years, with greater than 50% market share in most of its categories. We also offer more sustainable solutions, such as Reynolds Wrap 100% recycled aluminum, unbleached parchment paper made with a chlorine-free process and coreless wax paper, which uses less packaging material than traditional wax paper rolls.
Previous wording
•Hefty Home & Tableware: Through our Hefty Home & Tableware segment, we sell both branded and store brand disposable and compostable plates, bowls, platters, containers, cups and cutlery. Our Hefty branded products include dishes, party cups, cutlery and containers. Hefty branded party cups are the #1 party cup in America measured by market share. Our branded products use our Hefty brand to represent both quality and value, and we bring this same quality and value promise to all of our store brands as well. We sell across a broad range of materials and price points in all retail channels, allowing our consumers to select the product that best suits their price, function and aesthetic needs. In 2025, we launched the line of Hefty ECOSAVE Cutlery, a high quality compostable offering. We are also proud to have partnered with John Cena as our Hefty spokesperson.
Current wording
•Hefty Home & Tableware: Through our Hefty Home & Tableware segment, we sell both branded and store brand disposable and compostable plates, bowls, platters, containers, cups and cutlery. Our Hefty branded products include dishes, party cups, cutlery and containers. Hefty branded party cups are the #1 party cup in America measured by market share. Our branded products use our Hefty brand to represent both quality and value, and we bring this same quality and value promise to all of our store brands as well. We sell across a broad range of materials and price points in all retail channels, allowing our consumers to select the product that best suits their price, function and aesthetic needs. We also offer sustainable solutions such as Hefty ECOSAVE cutlery. We are also proud to have partnered with John Cena as our Hefty Home & Tableware spokesperson.
Previous wording
•Hefty Storage & Organization: Through our newly focused Hefty Storage & Organization segment, we have consolidated our food bag business to increase efficiencies, sharpen our focus on innovation and unlock incremental growth opportunities. The Hefty Storage & Organization segment produces both branded and store brand food bags and business-to-business closures. Hefty is a well-recognized supplier in the food bag category and our private label products offer brand-equivalent quality and value to our retail partners. Our branded products are sold under the Hefty Slider, Hefty Press to Close and Hefty Compostable brands in the U.S. and select international markets. Our food storage bag portfolio includes a full suite of products across varying size, type of closure and in freezer and storage. We also offer sustainable solutions such as compostable bags and bags made from recycled materials. We are proud to have partnered with John Cena as our Hefty Food Brand Spokesperson.
Current wording
•Hefty Storage & Organization: Through our Hefty Storage & Organization segment, we have consolidated our food bag business to increase efficiencies, sharpen our focus on innovation and unlock incremental growth opportunities. The Hefty Storage & Organization segment produces both branded and store brand food bags and business-to-business closures. Hefty is a well-recognized supplier in the food bag category and our private label products offer brand-equivalent quality and value to our retail partners. Our branded products are sold under the Hefty Slider, Hefty Press to Close and Hefty Compostable brands in the U.S. and select international markets. Our food storage bag portfolio includes a full suite of products across varying size, type of closure and in freezer and storage. We also offer sustainable solutions such as compostable bags and bags made from recycled materials. We are proud to have partnered with John Cena as our Hefty food brand spokesperson.
Previous wording
Total net revenues increased 1% in thethree months ended June 30, 2026 compared to the same period in 2025. The increase was primarilydue tohigher pricing in response to higher input costs and the timing of promotional activity partially offset by lower volume.
Current wording
Total net revenues increased 1% in thethree months ended September 30, 2026 compared to the same period in 2025. The increase was primarilydue tohigher pricing in response to increased input costs, partially offset by lower volume.
Previous wording
During thesix months ended June 30, 2026, our net income increased by 41% compared to the same period in 2025, primarily driven by higher revenue, lower operational costs, and costs related to strategic initiatives and our CEO transition in the prior year period that did not repeat, partially offset by higher input costs and higher selling, general and administrative expenses.
Current wording
During thenine months ended September 30, 2026, our net income increased by 12% compared to the same period in 2025, primarily driven by higher pricing, lower operational costs and debt refinancing expenses, costs to execute strategic initiatives and costs associated with our CEO transition in the prior year period that did not repeat in the current year period, partially offset by higher selling, general and administrative costs and an environmental remediation reserve recorded in the current year period.
Previous wording
We define Adjusted EBITDA as net income calculated in accordance with GAAP, plus income tax expense, net interest expense, debt refinancing expense, depreciation and amortization, costs to execute strategic initiatives and CEO transition costs. We define Adjusted Net Income and Adjusted EPS as Net Income and Earnings Per Share calculated in accordance with GAAP, plus debt refinancing expense, costs to execute strategic initiatives and CEO transition costs.
Current wording
We define Adjusted EBITDA as net income calculated in accordance with GAAP, adjusted for certain items described in the reconciliation tables such as income tax expense, net interest expense, depreciation and amortization and certain unusual items that we do not consider representative of our ongoing operating performance. We define Adjusted Net Income and Adjusted EPS as Net Income and Earnings Per Share calculated in accordance with GAAP, adjusted for certain items described in the reconciliation tables.
Previous wording
(1) Amounts are after tax, calculated based on the applicable tax treatment of each adjustment, using a normalized effective tax rate of 23.5% for deductible items and 0% for non-deductible items.
Current wording
(1) Amounts are after tax, calculated based on the applicable tax treatment of each adjustment, using a normalized effective tax rate of 23.5% for deductible items in the three months ended September 30, 2026, 23.7% for the comparable prior year period and 0% for non-deductible items.
Previous wording
(1) Amounts are after tax, calculated based on the applicable tax treatment of each adjustment, using a normalized effective tax rate of 23.5% for deductible items and 0% for non-deductible items.
Current wording
(1) Amounts are after tax, calculated based on the applicable tax treatment of each adjustment, using a normalized effective tax rate of 23.5% for deductible items in the nine months ended September 30, 2026, 23.7% for comparable prior year period and 0% for non-deductible items.
Previous wording
Total Net Revenues. Total net revenues increased by $6 million, or 1%, to $944 million. The increase was drivenby higher pricing in response to higher input costs and the timing of promotional activity, partially offset by lower volume.
Current wording
Total Net Revenues. Total net revenues increased by $13 million, or 1%, to $944 million. The increase was drivenby higher pricing in response to increased input costs, partially offset by lower volume.
Previous wording
Cost of Sales. Cost of sales decreased by $13 million, or 2%, to $699 million. The decrease was primarily driven by lower operational costs and lower volume.
Current wording
Cost of Sales. Cost of sales increased by $10 million, or 1%, to $708 million. The increase was primarily driven by higher input costs.
Previous wording
Selling, General and Administrative Expenses. Selling, general and administrative expenses increased by $15 million, or 7%, to $216 million, primarily driven by higher personnel costs and higher professional fees.
Current wording
Selling, General and Administrative Expenses. Selling, general and administrative expenses increased by $7 million, or 7%, to $106 million, primarily driven by higher personnel costs and higher professional fees, as we continue to reinvest in the business.
Previous wording
Other Expense, Net. Other expense, net decreased by $21 million, or 100%, to zero in the six months ended June 30, 2026, reflecting costs to execute strategic initiatives and costs associated with our CEO transition in the prior year period that did not repeat in the current year period.
Current wording
Other Expense, Net. Other expense, net increased by $21 million, or 191% to $32 million, due to an environmental remediation reserve and acquisition and one-time settlement costs recorded in the current year period, partially offset by costs to execute strategic initiatives and costs associated with our CEO transition in the prior year period that did not repeat in the current year period.
Previous wording
Income Tax Expense. We recognized income tax expense of $27 million on income before income taxes of $116 million (an effective tax rate of 23.6%) for the three months ended June 30, 2026 compared to income tax expense of $23 million on income before income taxes of $96 million (an effective tax rate of 23.7%) for the three months ended June 30, 2025.
Current wording
Income Tax Expense. We recognized income tax expense of $18 million on income before income taxes of $76 million (an effective tax rate of 23.2%) for the three months ended September 30, 2026 compared to income tax expense of $23 million on income before income taxes of $102 million (an effective tax rate of 22.4%) for the three months ended September 30, 2025.
Previous wording
Adjusted EBITDA. Adjusted EBITDA increased by $8 million, or 5%, to $171 million. The increase in Adjusted EBITDA was driven by lower operational costs, partially offset by lower volume and higher selling, general and administrative expenses.
Current wording
Adjusted EBITDA. Adjusted EBITDA decreased by $5 million, or 3%, to $163 million. The decrease in Adjusted EBITDA was driven by lower volume and higher selling, general and administrative expenses, partially offset by timing of input cost flow through relative to pricing actions and productivity gains across the supply chain.
Previous wording
Total Segment Net Revenues. Reynolds Cooking & Kitchen Essentials total segment net revenues increased by $75 million, or 14%, to $629 million. The increase in net revenues was primarily due to higher pricing in response to higher input costs, partially offset by lower volume.
Current wording
Total Segment Net Revenues. Reynolds Cooking & Kitchen Essentials total segment net revenues increased by $29 million, or 9%, to $337 million. The increase in net revenues was primarily due to higher pricing as a result of increased input costs, partially offset by lower volume.
Previous wording
Adjusted EBITDA. Reynolds Cooking & Kitchen Essentials Adjusted EBITDA increased by $4 million, or 8%, to $53 million. The increase was primarily driven by lower operational costs, partially offset by the impact of lower volume.
Current wording
Adjusted EBITDA. Reynolds Cooking & Kitchen Essentials Adjusted EBITDA decreased by $4 million, or 8%, to $49 million. The decrease was primarily driven by lower volume as pricing actions fully offset higher input costs.
Previous wording
Total Segment Net Revenues. Hefty Waste & Clean-Up total segment net revenues decreased by $3 million, or 1%, to $233 million. The decrease in net revenues was due to the timing of promotional activities.
Current wording
Total Segment Net Revenues. Hefty Waste & Clean-Up total segment net revenues increased by $4 million, or 2%, to $248 million. The increase in net revenues was due to higher pricing as a result of increased input costs, partially offset by lower volume.
Previous wording
Adjusted EBITDA. Hefty Waste & Clean-Up Adjusted EBITDA decreased by $3 million, or 4%, to $69 million. The decrease was due to the impact of lower revenue.
Current wording
Adjusted EBITDA. Hefty Waste & Clean-Up Adjusted EBITDA increased by $4 million, or 6%, to $76 million. The increase was due to productivity gains across the supply chain, partially offset by lower volume.
Previous wording
Total Segment Net Revenues. Hefty Home & Tableware total segment net revenues decreased by $24 million, or 6%, to $397 million. The decrease in net revenues was primarily due to lower foam volume, partially offset by the wrap-around of prior year price increases.
Current wording
Total Segment Net Revenues. Hefty Home & Tableware total segment net revenues decreased by $14 million, or 7%, to $186 million. The decrease in net revenues was due to lower volume, primarily foam, partially offset by higher pricing as a result of increased input costs and reduced promotional activity.
Previous wording
Adjusted EBITDA. Hefty Home & Tableware Adjusted EBITDA increased by $8 million, or 23%, to $43 million. The increase in Adjusted EBITDA was primarily driven by lower operational costs. The impact of lower volume was offset by reduced promotional activity.
Current wording
Adjusted EBITDA. Hefty Home & Tableware Adjusted EBITDA decreased by $4 million, or 14%, to $25 million. The decrease in Adjusted EBITDA was primarily driven by lower volume partially offset by reduced promotional activity.
Previous wording
Total Segment Net Revenues. Hefty Storage & Organization total segment net revenues increased by $9 million, or 5%, to $176 million. The increase in net revenues was due to higher volume, partially offset by the timing of promotional activities.
Current wording
Total Segment Net Revenues. Hefty Storage & Organization total segment net revenues decreased by $8 million, or 4%, to $172 million. The decrease in net revenues was due to lower volume, partially offset by higher pricing as a result of increased input costs.
Previous wording
Adjusted EBITDA. Hefty Storage & Organization Adjusted EBITDA increased by $3 million, or 6%, to $54 million. The increase in Adjusted EBITDA was primarily driven by lower operational costs and higher volume, partially offset by the timing of promotional activities.
Current wording
Adjusted EBITDA. Hefty Storage & Organization Adjusted EBITDA decreased by $6 million, or 17%, to $30 million. The decrease in Adjusted EBITDA was primarily driven by lower volume.
Previous wording
Six Months Ended June 30, 2026 Compared with the Six Months Ended June 30, 2025
Current wording
Nine Months Ended September 30, 2026 Compared with the Nine Months Ended September 30, 2025
Previous wording
Components of Change in Net Revenues for the Six Months Ended June 30, 2026 vs. the Six Months Ended June 30, 2025
Current wording
Components of Change in Net Revenues for the Nine Months Ended September 30, 2026 vs. the Nine Months Ended September 30, 2025
Previous wording
Total Net Revenues. Total net revenues increased by $65 million, or 4% to $1,821 million. The increase was primarily driven by higher pricing in response to higher input costs, partially offset by lower volume.
Current wording
Total Net Revenues. Total net revenues increased by $78 million, or 3% to $2,765 million. The increase was primarily driven by higher pricing in response to higher input costs, partially offset by lower volume.
Previous wording
Cost of Sales. Cost of sales increased by $27 million, or 2%, to $1,368 million. The increase was primarily driven by higher input costs, partially offset by lower operational costs and lower volume.
Current wording
Cost of Sales. Cost of sales increased by $37 million, or 2%, to $2,076 million. The increase was primarily driven by higher input costs partially offset by lower volume.
Previous wording
Selling, General and Administrative Expenses. Selling, general and administrative expenses increased by $11 million, or 11%, to $107 million, primarily driven by higher personnel costs, higher professional fees and higher advertising costs.
Current wording
Selling, General and Administrative Expenses. Selling, general and administrative expenses increased by $22 million, or 7%, to $322 million, primarily driven by higher personnel costs and higher professional fees, as we continue to reinvest in the business.
Previous wording
Other Expense, Net. Other expense, net decreased by $12 million, or 100%, reflecting costs to execute strategic initiatives and costs associated with our CEO transition in the prior year period that did not repeat in the current year period.
Current wording
Other Expense, Net. Other expense, net increased by $1 million, or 3%, to $33 million in the nine months ended September 30, 2026, due to an environmental remediation reserve and acquisition and one-time settlement costs recorded in the current year period, partially offset by costs to execute strategic initiatives and costs associated with our CEO transition in the prior year period that did not repeat in the current year period.
Previous wording
Interest Expense, Net. Interest expense, net increased by $2 million, or 5%, to $44 million.
Current wording
Interest Expense, Net. Interest expense, net increased by $2 million, or 3%, to $65 million.
Previous wording
Debt Refinancing Expense. In connection with the refinancing of our senior secured term loan facility in March 2025, we recorded debt refinancing expense of $13 million in the six months ended June 30, 2025.
Current wording
Debt Refinancing Expense. In connection with the refinancing of our senior secured term loan facility in March 2025, we recorded debt refinancing expense of $13 million in the nine months ended September 30, 2025.
Previous wording
Income Tax Expense. We recognized income tax expense of $45 million on income before taxes of $193 million (an effective tax rate of 23.6%) for the six months ended June 30, 2026 compared to income tax expense of $33 million on income before taxes of $138 million (an effective tax rate of 23.9%) for the six months ended June 30, 2025.
Current wording
Income Tax Expense. We recognized income tax expense of $63 million on income before taxes of $269 million (an effective tax rate of 23.5%) for the nine months ended September 30, 2026 compared to income tax expense of $56 million on income before taxes of $240 million (an effective tax rate of 23.3%) for the nine months ended September 30, 2025.
Previous wording
Adjusted EBITDA. Adjusted EBITDA increased by $23 million, or 8%, to $302 million. The increase in Adjusted EBITDA was primarily attributable to the timing of pricing actions in relation to input cost increases and lower operational costs, partially offset by higher selling, general and administrative expenses.
Current wording
Adjusted EBITDA. Adjusted EBITDA increased by $17 million, or 4%, to $464 million. The increase in Adjusted EBITDA was primarily attributable to timing of input cost flow through relative to pricing actions and lower operational costs, partially offset by lower volume and higher selling, general and administrative costs.
Previous wording
Total Segment Net Revenues. Reynolds Cooking & Kitchen Essentials total segment net revenues increased by $19 million, or 6%, to $314 million. The increase in net revenues was primarily due to higher pricing, in response to higher input costs, partially offset by lower volume.
Current wording
Total Segment Net Revenues. Reynolds Cooking & Kitchen Essentials total segment net revenues increased by $104 million, or 12%, to $966 million. The increase in net revenues was primarily due to higher pricing in response to higher input costs, partially offset by lower volume.
Previous wording
Adjusted EBITDA. Reynolds Cooking & Kitchen Essentials Adjusted EBITDA increased by $10 million, or 11%, to $97 million. The increase in Adjusted EBITDA was primarily driven by lower operational costs and the timing of pricing actions in relation to input cost increases and lower operational costs.
Current wording
Adjusted EBITDA. Reynolds Cooking & Kitchen Essentials Adjusted EBITDA increased by $7 million, or 5%, to $147 million. The increase in Adjusted EBITDA was primarily driven by timing of input cost flow through relative to pricing actions, partially offset by lower volume.
Previous wording
Interest Expense, Net. Interest expense, net was flat compared to the prior year period.
Current wording
Adjusted EBITDA. Hefty Waste & Clean-Up Adjusted EBITDA was flat compared to the prior period. Productivity gains across the supply chain were offset by higher transportation costs.
Previous wording
Total Segment Net Revenues. Hefty Home & Tableware total segment net revenues decreased by $25 million, or 10%, to $217 million. The decrease in net revenues was primarily due to lower volume, primarily foam, partially offset by reduced promotional activity.
Current wording
Total Segment Net Revenues. Hefty Home & Tableware total segment net revenues decreased by $39 million, or 6%, to $583 million. The decrease in net revenues was primarily due to lower volume, partially offset by higher pricing and reduced promotional activity.
Previous wording
Adjusted EBITDA. Hefty Home & Tableware Adjusted EBITDA increased by $20 million, or 38%, to $72 million. The increase in Adjusted EBITDA was primarily due to lower operational costs. The impact of lower volume was partially offset by reduced promotional activity.
Current wording
Adjusted EBITDA. Hefty Home & Tableware Adjusted EBITDA increased by $15 million, or 19%, to $96 million. The increase in Adjusted EBITDA was primarily due to the timing of input cost flow through relative to pricing actions, reduced promotional activity and lower operational costs, partially offset by lower volume.
Previous wording
Total Segment Net Revenues. Hefty Storage & Organization total segment net revenues increased by $15 million, or 5%, to $335 million. The increase in net revenues was primarily driven by higher volume, partially offset by the timing of promotional activities.
Current wording
Total Segment Net Revenues. Hefty Storage & Organization total segment net revenues increased by $6 million, or 1%, to $506 million. The increase in net revenues was primarily driven by higher volume.
Previous wording
Adjusted EBITDA. Hefty Storage & Organization Adjusted EBITDA decreased by $3 million, or 10%, to $27 million. The decrease in Adjusted EBITDA was primarily driven by costs associated with the ramp up of new business and higher promotional activity.
Current wording
Adjusted EBITDA. Hefty Storage & Organization Adjusted EBITDA decreased by $2 million, or 2%, to $84 million. The decrease in Adjusted EBITDA was primarily driven by higher input and logistics costs.
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Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
During the three months ended June 30, 2026, our net income increased by 22% compared to the same period in 2025, primarily driven by lower operational costs.