Rayonier Advanced Materials (NYSE: RYAM) reported Q4 EPS of $0.50, $0.36 better than the analyst estimate of $0.14. Revenue for the quarter came in at $349 million versus the consensus estimate of $198.43 million.

• Full year 2017 net income and adjusted EBITDA of $325 million and $212 million, respectively
• Excluding the impact of Tembec acquisition, full year adjusted EBITDA of $177 million, in-line with previous guidance
• $30 million of cost transformation improvements achieved in 2017 with an incremental $25 million of cost transformation targeted in 2018
• Completed acquisition of Tembec in November; three-year synergy target raised from $50 million to $75 million
• Three-year target of $155 million of EBITDA improvement before inflation and changes in commodity prices
• Authorized a $100 million share repurchase plan to be implemented as part of overall capital allocation strategy

For earnings history and earnings-related data on Rayonier Advanced Materials (RYAM) click here.