Form 8-K

8-K — Reynolds Consumer Products Inc.

Accession: 0001628280-26-030890

Filed: 2026-05-06

Period: 2026-05-06

CIK: 0001786431

SIC: 2673 (PLASTICS, FOIL & COATED PAPER BAGS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — reyn-20260506.htm (Primary)

EX-99.1 (reyn-20260506xex991.htm)

GRAPHIC (picture2a.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: reyn-20260506.htm · Sequence: 1

reyn-20260506

00017864312026Q1false00017864312026-05-062026-05-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

_______________________________________________

FORM 8-K

_______________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 6, 2026

_______________________________________________

REYNOLDS CONSUMER PRODUCTS INC.

(Exact Name of Registrant as Specified in its Charter)

_______________________________________________

Delaware 001-39205 45-3464426

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

1900 W. Field Court

Lake Forest, Illinois

60045

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (800) 879-5067

Not Applicable

(Former name or former address, if changed since last report)

_______________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

symbol(s)

Name of each exchange on which registered

Common Stock, $0.001 Par Value REYN The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02. Results of Operations and Financial Condition

On May 6, 2026, Reynolds Consumer Products Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information included in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01. Financial Statements and Exhibits

(d)Exhibits

Exhibit No. Description

99.1

Press Release issued by Reynolds Consumer Products Inc., dated May 6, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 6, 2026

REYNOLDS CONSUMER PRODUCTS INC.

By: /s/ Jill E. Barnett

Jill E. Barnett

Chief Legal Officer and Secretary

EX-99.1

Filename: reyn-20260506xex991.htm · Sequence: 2

Document

Exhibit 99.1

Reynolds Consumer Products Reports

First Quarter 2026 Financial Results

Net Revenues Increased 7% with Retail Volumes Up 2%

Growth and Operational Efficiencies Drove Over 20% EPS Growth

Reiterating Full Year 2026 Earnings Outlook

LAKE FOREST, Ill., May 6, 2026 – (BUSINESSWIRE) – Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) today reported financial results for the first quarter ended March 31, 2026.

“We delivered a very strong start to the year, executing with discipline and consistency across the entire organization and achieved results that exceeded our expectations in the first quarter,” said Scott Huckins, President and Chief Executive Officer. “Our teams continued to perform at a high level in a volatile macroeconomic environment, driving broad‑based commercial momentum and strong operational execution. While the environment remains uncertain, we are encouraged by our progress and the resiliency of our business, and we are reiterating our 2026 earnings outlook.”

First Quarter 2026 Highlights

•Net Revenues of $877 million compared to $818 million in Q1 2025

◦Retail Net Revenues of $804 million compared to $767 million in Q1 2025

◦Retail volumes increased 2%; excluding foam Retail volumes increased 4%

◦Non-Retail Net Revenues1 of $73 million compared to $51 million in Q1 2025

•Net Income of $59 million compared to $31 million in Q1 2025, and Adjusted Net Income of $59 million compared to $49 million in Q1 2025

•Adjusted EBITDA of $131 million compared to $117 million in Q1 2025

•Earnings Per Share increased 87% to $0.28 compared to $0.15 in Q1 2025, and Adjusted Earnings Per Share increased 22% to $0.28 vs. $0.23 in Q1 2025

Net Income increased 90% to $59 million from $31 million in Q1 2025 and Adjusted Net Income increased $10 million compared to Adjusted Net Income of $49 million for the first quarter of 2025. Adjusted EBITDA increased $14 million to $131 million compared to the prior year period, driven primarily by higher retail volumes and manufacturing efficiency gains.

__________________________________________________

1Non-Retail Revenues consist of aluminum sales made to food service and industrial customers.

First Quarter Key Business Segment Results

Effective January 1, the Company realigned its former Hefty Waste & Storage and Presto Products operating segments to enhance efficiency, sharpen its innovation focus, and better support future expansion into adjacent categories. Waste bags were consolidated into the new Hefty Waste & Clean-Up segment, while food bags and storage products were combined into the new Hefty Storage & Organization segment. Additionally, the Reynolds Cooking & Baking segment was renamed Reynolds Cooking & Kitchen Essentials, and the Tableware segment became Hefty Home & Tableware. These changes did not impact previously reported consolidated results.

First quarter results are presented under the new segment structure, with prior-period disclosures recast for comparability against Q1 2025. Prior periods will be similarly recast in each quarterly update during 2026.

Reynolds Cooking & Kitchen Essentials

•Net Revenues increased $55 million to $314 million, reflecting increases in both Retail and Non-retail Revenues, benefitting from strong seasonal promotions, and including 15 points of pricing to offset commodity cost increases.

•Retail volumes increased 6%, driven by significant share increases across Reynolds Wrap® and Reynolds Kitchen® parchment.

•Adjusted EBITDA increased $6 million to $44 million, primarily driven by retail volume growth.

Hefty® Waste & Clean-Up

•Net Revenues decreased $2 million to $224 million.

•Retail volumes decreased 1%, reflecting higher competitive activity with no change in pricing.

•Adjusted EBITDA remained at $62 million with lower revenues offset by improved operational performance.

Hefty® Home & Tableware

•Net Revenues increased $1 million to $180 million, reflecting strong performance in Hefty® Party Cups.

•Retail volumes decreased 3%, primarily driven by foam which was an 8 point headwind.

•Adjusted EBITDA increased $11 million to $28 million, driven by better alignment of pricing and input costs and improved supply chain efficiency.

Hefty® Storage & Organization

•Net Revenues increased $6 million to $159 million, reflecting stronger volumes.

•Retail volumes increased 6%, driven by strong performance of Hefty® and store brand food bags.

•Adjusted EBITDA increased $6 million to $27 million, driven by volume growth and operational performance.

Balance Sheet and Cash Flow Highlights

Cash and cash equivalents were $71 million at March 31, 2026 and debt was $1,530 million, resulting in Net Debt of $1,459 million. Net Debt to Trailing Twelve Months Adjusted EBITDA1 was 2.1x on March 31, 2026 and at the lower end of the Company’s target leverage range.

During the three months ended March 31, 2026, we made a voluntary principal repayment of $50 million.

“Building on the momentum we generated in 2025, we entered 2026 with solid financial performance driven by effective execution across growth, cost management, and operational initiatives,” said Nathan Lowe, Chief Financial Officer. “The progress we are making strengthens our confidence in our ability to navigate an uncertain macro backdrop while advancing and investing in initiatives that support both near‑term performance and long‑term value creation.”

1Net Debt is defined as current portion of long-term debt plus long-term debt less cash and cash equivalents. Net Debt Leverage is defined as Net Debt divided by Trailing Twelve Months Adjusted EBITDA. See “Use of Non-GAAP Financial Measures” for additional information.

Full Year 2026 and Second Quarter Outlook

The Company is reiterating its full year 2026 outlook and continues to expect Net Revenues in the range of -3% to +1%, compared to 2025 Net Revenues of $3,721 million. Net Income and Adjusted Net Income are expected to be $331 million to $343 million, full-year EPS and Adjusted EPS to be $1.57 to $1.63, and full-year Adjusted EBITDA to be $660 million and $675 million.

Second quarter 2026 Net Revenues are expected to be -2% to +1% compared to second quarter 2025 Net Revenues of $938 million. Net Income and Adjusted Net Income are expected to be $83 million to $91 million in the second quarter, with EPS and Adjusted EPS expected to be $0.39 to $0.43. The Company expects second quarter Adjusted EBITDA to be $165 million to $175 million.

Quarterly Dividend

The Company’s Board of Directors has approved a quarterly dividend of $0.23 per common share. The Company expects to pay this dividend on May 29, 2026, to shareholders of record as of May 15, 2026.

Earnings Webcast

The Company will host a live webcast this morning at 7:00 a.m. CT (8:00 a.m. ET). A link to the webcast and all related earnings materials will be available on the Company’s Investor Relations website at

https://investors.reynoldsconsumerproducts.com.

About Reynolds Consumer Products Inc.

Reynolds Consumer Products is a leading provider of household essentials designed to simplify daily life, so consumers can enjoy what matters most. Found in 95% of U.S. homes, the Company offers trusted solutions for cooking, serving, clean-up, and storage. Its portfolio features iconic brands like Reynolds® and Hefty®, along with store brand products tailored to retail partners. Reynolds holds the No. 1 or No. 2 market share in most of the categories it serves. Learn more at: investors.reynoldsconsumerproducts.com

Forward Looking Statements

This press release contains statements reflecting our views about our future performance that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on information available to us on the date of this release. These forward-looking statements include, but are not limited to, our priorities to realize benefits from past initiatives and invest in future growth, and our expectations for sustainable earnings growth and long-term shareholder value, and our anticipated Net Revenue, Net Income, Adjusted Net Income, EPS, Adjusted EPS and Adjusted EBITDA for second quarter and fiscal year 2026 guidance. In some cases, you can identify these statements by forward-looking words such as “anticipate,” “believe,” “estimate,” “expect,” “will,” “should,” “may,” “might,” “intends,” “outlook,” “forecast”, “position,” “committed,” “plans,” “predicts,” “model,” “assumes,” “confident,” “look forward,” “potential,” “on track,” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth and profitability, management of costs and other disruptions and other strategies, the impact of the imposition of tariffs, and anticipated trends in our business, including expected levels of commodity costs and volume. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K and in our Quarterly Reports on Form 10-Q.

For additional information on these and other factors that could cause our actual results to materially differ from those set forth herein, please see our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and subsequent filings. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

REYN-F

Investor Contact

Jill Koval

Jill.Koval@ReynoldsBrands.com

(203) 832-4449

Reynolds Consumer Products Inc.

Consolidated Statements of Income

(amounts in millions, except for per share data)

For the Three Months Ended

March 31,

2026 2025

Net revenues $ 877 $ 801

Related party net revenues — 17

Total net revenues 877 818

Cost of sales (670) (629)

Gross profit 207 189

Selling, general and administrative expenses (109) (104)

Other expense, net — (9)

Income from operations 98 76

Interest expense, net (21) (21)

Debt refinancing expense — (13)

Income before income taxes 77 42

Income tax expense (18) (11)

Net income $ 59 $ 31

Earnings per share:

Basic $ 0.28 $ 0.15

Diluted $ 0.28 $ 0.15

Weighted average shares outstanding:

Basic 210.6 210.3

Diluted 211.8 210.3

Reynolds Consumer Products Inc.

Consolidated Balance Sheets

(amounts in millions, except for per share data)

(Unaudited)

As of March 31,

2026 As of December 31,

2025

Assets

Cash and cash equivalents $ 71 $ 147

Accounts receivable (net of allowance for doubtful accounts of $1 and $2) 368 355

Other receivables 9 10

Inventories 637 584

Other current assets 20 20

Total current assets 1,105 1,116

Property, plant and equipment (net of accumulated depreciation of $1,059 and $1,034) 838 823

Operating lease right-of-use assets, net 96 98

Goodwill 1,895 1,895

Intangible assets, net 937 943

Other assets 59 61

Total assets $ 4,930 $ 4,936

Liabilities

Accounts payable $ 418 $ 387

Current operating lease liabilities 25 23

Income taxes payable 30 14

Accrued and other current liabilities 143 153

Total current liabilities 616 577

Long-term debt 1,530 1,580

Long-term operating lease liabilities 78 81

Deferred income taxes 352 350

Long-term postretirement benefit obligation 13 13

Other liabilities 76 82

Total liabilities $ 2,665 $ 2,683

Stockholders’ equity

Common stock, $0.001 par value; 2,000 shares authorized; 210.7 shares issued and outstanding — —

Additional paid-in capital 1,430 1,431

Accumulated other comprehensive income 22 20

Retained earnings 813 802

Total stockholders’ equity 2,265 2,253

Total liabilities and stockholders’ equity $ 4,930 $ 4,936

Reynolds Consumer Products Inc.

Consolidated Statements of Cash Flows

(amounts in millions)

Three Months Ended March 31,

2026 2025

Cash provided by operating activities

Net income $ 59 $ 31

Adjustments to reconcile net income to operating cash flows:

Depreciation and amortization 33 32

Deferred income taxes — (8)

Stock compensation expense 4 6

Change in assets and liabilities:

Accounts receivable, net (13) 27

Other receivables 2 (2)

Related party receivables — (1)

Inventories (53) (66)

Accounts payable 34 50

Related party payables — (9)

Income taxes payable / receivable 16 17

Accrued and other current liabilities (10) (30)

Other assets and liabilities (1) 9

Net cash provided by operating activities 71 56

Cash used in investing activities

Acquisition of property, plant and equipment (44) (39)

Net cash used in investing activities (44) (39)

Cash used in financing activities

Repayment of long-term debt (50) (50)

Dividends paid (48) (48)

Proceeds from term loan refinancing — 743

Repayments of existing term loan — (743)

Other financing activities (5) 2

Net cash used in financing activities (103) (96)

Net decrease in cash and cash equivalents (76) (79)

Cash and cash equivalents at beginning of period 147 137

Cash and cash equivalents at end of period $ 71 $ 58

Cash paid:

Interest - long-term debt, net of interest rate swaps 20 21

Income taxes 1 1

Reynolds Consumer Products Inc.

Segment Results

(amounts in millions)

Reynolds

Cooking

& Kitchen Essentials Hefty

Waste &

Clean-Up Hefty Home

& Tableware Hefty Storage & Organization

Unallocated(1)

Total

Revenues

Three Months Ended March 31, 2026 $ 314 $ 224 $ 180 $ 159 $ — $ 877

Three Months Ended March 31, 2025(2)

259 226 179 153 1 818

Adjusted EBITDA

Three Months Ended March 31, 2026 $ 44 $ 62 $ 28 $ 27 $ (30) $ 131

Three Months Ended March 31, 2025(2)

38 62 17 21 (21) 117

(1)The unallocated net revenues include other revenue adjustments. The unallocated Adjusted EBITDA represents the combination of corporate expenses which are not allocated to our segments and other unallocated revenue adjustments.

(2)During the three months ended March 31, 2026, the Company realigned two business segments and renamed all segments to better align with strategic objectives. All prior period segment disclosures have been recast to reflect this realignment. This realignment had no effect on our previously reported consolidated results of operations.

Components of Change in Net Revenues for the Three Months Ended March 31, 2026 vs. the Three Months Ended March 31, 2025

Price Volume/Mix Total

Retail Non-Retail

Reynolds Cooking & Kitchen Essentials 15 % 6 % — % 21 %

Hefty Waste & Clean-Up — % (1) % — % (1) %

Hefty Home & Tableware 4 % (3) % — % 1 %

Hefty Storage & Organization (2) % 6 % — % 4 %

Total RCP 5 % 2 % — % 7 %

Use of Non-GAAP Financial Measures

We use non-GAAP financial measures “Adjusted EBITDA,” “Adjusted Net Income,” “Adjusted Earnings Per Share,” “Net Debt,” and “Net Debt to Trailing Twelve Months Adjusted EBITDA” in evaluating our past results and future prospects. We define Adjusted EBITDA as net income calculated in accordance with GAAP, plus the sum of 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 Earnings Per Share (“Adjusted EPS”) as Net Income and Earnings Per Share (“EPS”) calculated in accordance with GAAP, plus the after-tax impact of debt refinancing expense, costs to execute strategic initiatives and CEO transition costs. We define Net Debt as the current portion of long-term debt plus long-term debt less cash and cash equivalents. We define Net Debt to Trailing Twelve Months Adjusted EBITDA as Net Debt (as defined above) as of the end of the period to Adjusted EBITDA (as defined above) for the period.

We present Adjusted EBITDA because it is a key measure used by our management team to evaluate our operating performance, generate future operating plans and make strategic decisions. In addition, our chief operating decision maker uses Adjusted EBITDA of each reportable segment to evaluate the operating performance of such segments. We use Adjusted Net Income and Adjusted EPS as supplemental measures to evaluate our business’ performance in a way that also considers our ability to generate profit without the impact of certain items. We use Net Debt as we believe it is a more representative measure of our liquidity. We use Net Debt to Trailing Twelve Months Adjusted EBITDA because it reflects our ability to service our debt obligations. Accordingly, we believe presenting these measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors.

Non-GAAP information should be considered as supplemental in nature and is not meant to be considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP. In addition, our non-GAAP financial measures may not be the same as or comparable to similar non-GAAP financial measures presented by other companies.

Guidance for fiscal year and second quarter 2026, where adjusted, is provided on a non-GAAP basis. Please see reconciliations of non-GAAP measures used in this release to the most directly comparable GAAP measures, beginning on the following page.

Reynolds Consumer Products Inc.

Reconciliation of Net Income to Adjusted EBITDA

Three Months Ended March 31,

2026 2025

(in millions)

Net income – GAAP $ 59 $ 31

Income tax expense 18 11

Interest expense, net 21 21

Debt refinancing expense(1)

— 13

Depreciation and amortization 33 32

Costs to execute strategic initiatives(2)

— 5

CEO transition costs(3)

— 4

Adjusted EBITDA (Non-GAAP) $ 131 $ 117

(1) Reflects the expense recorded related to our March 2025 Term Loan Facility refinancing.

(2) Reflects costs related to the execution of cost savings and revenue growth strategic initiatives.

(3) Reflects compensation and other costs related to the CEO transition effective January 1, 2025.

Reynolds Consumer Products Inc.

Reconciliation of Net Income and EPS to Adjusted Net Income and Adjusted EPS

Three Months Ended March 31, 2026 Three Months Ended March 31, 2025

(in millions, except for per share data) Net Income Diluted Shares Diluted EPS Net Income Diluted Shares Diluted EPS

As Reported - GAAP $ 59 211.8 $ 0.28 $ 31 210.3 $ 0.15

Adjustments:

Debt refinancing expense(1)

— 211.8 — 10 210.3 0.05

Costs to execute strategic initiatives(1)

— 211.8 — 4 210.3 0.02

CEO transition costs(1)

— 211.8 — 4 210.3 0.02

Adjusted (Non-GAAP) $ 59 211.8 $ 0.28 $ 49 210.3 $ 0.23

(1) Amounts are after tax, calculated based on the applicable tax treatment of each adjustment, using a normalized effective tax rate of 23.9% for deductible items and 0% for non-deductible items.

Reynolds Consumer Products Inc.

Reconciliation of Trailing Twelve Months Net Income to Trailing Twelve Months Adjusted EBITDA

(amounts in millions)

Twelve Months Ended March 31, 2026 Twelve Months Ended December 31, 2025

Net income – GAAP $ 329 $ 301

Income tax expense 99 92

Interest expense, net 87 86

Debt refinancing expense — 13

Depreciation and amortization 135 135

Costs to execute strategic initiatives 20 25

CEO transition costs 12 15

Adjusted EBITDA (Non-GAAP) $ 682 $ 667

Reynolds Consumer Products Inc.

Reconciliation of Total Debt to Net Debt and Calculation of Net Debt to Trailing Twelve Months Adjusted EBITDA

(amounts in millions, except for Net Debt to Trailing Twelve Months Adjusted EBITDA)

As of March 31, 2026

Long-term debt 1,530

Total debt 1,530

Cash and cash equivalents (71)

Net debt (Non-GAAP) $ 1,459

For the twelve months ended March 31, 2026

Adjusted EBITDA (Non-GAAP) $ 682

Net Debt to Trailing Twelve Months Adjusted EBITDA 2.1x

As of December 31, 2025

Long-term debt 1,580

Total debt 1,580

Cash and cash equivalents (147)

Net debt (Non-GAAP) $ 1,433

For the twelve months ended December 31, 2025

Adjusted EBITDA (Non-GAAP) $ 667

Net Debt to Trailing Twelve Months Adjusted EBITDA 2.1x

Reynolds Consumer Products Inc.

Reconciliation of Q2 2026 and FY2026 Net Income Guidance to Adjusted EBITDA Guidance

(amounts in millions)

Three Months Ended June 30, 2026 Year Ended December 31, 2026

Low High Low High

Net income (GAAP) $ 83 $ 91 $ 331 $ 343

Income tax expense 28 30 108 111

Interest expense, net 21 21 86 86

Depreciation and amortization 33 33 135 135

Adjusted EBITDA $ 165 $ 175 $ 660 $ 675

GRAPHIC

Filename: picture2a.jpg · Sequence: 6

Binary file (8450 bytes)

Download picture2a.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.1

Cover

May 06, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

May 06, 2026

Entity Registrant Name

REYNOLDS CONSUMER PRODUCTS INC.

Entity Incorporation, State or Country Code

Entity File Number

001-39205

Entity Tax Identification Number

45-3464426

Entity Address, Address Line One

1900 W. Field Court

Entity Address, City or Town

Lake Forest

Entity Address, State or Province

Entity Address, Postal Zip Code

60045

City Area Code

(800)

Local Phone Number

879-5067

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, $0.001 Par Value

Trading Symbol

REYN

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

Entity Central Index Key

0001786431

Document Fiscal Year Focus

2026

Document Fiscal Period Focus

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.

+ References

No definition available.

+ Details

Name:

dei_DocumentFiscalPeriodFocus

Namespace Prefix:

dei_

Data Type:

dei:fiscalPeriodItemType

Balance Type:

Period Type:

duration

- Definition

This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.

+ References

No definition available.

+ Details

Name:

dei_DocumentFiscalYearFocus

Namespace Prefix:

dei_

Data Type:

xbrli:gYearItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration