Reynolds Consumer Products Inc. (NasdaqGS:REYN) is looking M&A opportunities. During the company?s third quarter 2024 earnings call, Scott Huckins, our Chief Financial Officer said, ?Our program of debt reduction translates into further declines in quarterly interest expense, assuming no change to interest rates, while also increasing our ability to invest in attractive organic and inorganic opportunities to drive earnings growth and returns on invested capital?. Lance Mitchell, our President and Chief Executive Officer said, ?On the leverage front, again, we're pleased that the cash flow profile of the company is performing very much as we outlined at Investor Day, and we have consistently said all year long, north of $300 million of free cash flow, which is at the sphere of 50% free cash flow-through.
And again, much like we talked about. So at 2.3x, we keep going back to the same framework we talked about, which is capital allocation has three levers. Internal or organic investment back into the company, emphasis on both productivity investments and emphasis on innovative investments.
Number two, of course, would be inorganic or M&A opportunities outside the company. And then the third would be return of capital to shareholders. So I think the key point there is, we believe that the right way to do that is each of those three can be for capital on a returns basis.
So that's philosophy or that framework continues?.
