Rayonier Advanced Materials (NYSE: RYAM) reported Q4 EPS of $0.19, $0.17 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $526 million versus the consensus estimate of $535.14 million.

“We achieved two significant objectives in 2018: the successful completion of our $140 million 2015 Cost Transformation initiative and the integration of Tembec operations. The principles and culture established during our Cost Transformation initiative helped us navigate difficult market conditions over the past few years, and those same competencies are the foundation of the incremental value we expect to be created from the combined companies,” said Paul Boynton, Chairman, President and Chief Executive Officer. “In 2018, we delivered solid financial results despite volatility in the global economy. Our efforts to create a culture of continuous cost improvement along with the successful integration of Tembec, has positioned the Company to capture enhanced value for our stockholders in 2019 and beyond.”

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