Reynolds Consumer Products (REYN) reported Q1 adjusted earnings Wednesday of $0.23 per share, unchanged from a year earlier.

Five analysts polled by FactSet expected $0.23.

Revenue for the quarter ended March 31 was $818 million, down from $833 million a year earlier.

Analysts surveyed by FactSet expected $821.2 million.

The company said it expects full-year adjusted EPS of $1.54 to $1.61, compared with a prior outlook of $1.61 to $1.68. Five analysts polled by FactSet expect $1.62. Reynolds also said it continues to expect full-year net revenue to decrease in the low single digits compared with 2024. Analysts surveyed by FactSet expect $3.66 billion.

Reynolds also expects Q2 adjusted EPS of $0.35 to $0.39. Five analysts surveyed by FactSet expect $0.41. It also expects net revenue to decrease 2% to 5% compared with the year-ago quarter when it reported revenue of $930 million. Analysts polled by FactSet expect $918.3 million.

Shares of the company were 3% lower in recent Wednesday premarket activity.