Rayonier Advanced Materials (RYAM) Tops Q2 EPS by 29c; offers outlook

Rayonier Advanced Materials (NYSE: RYAM) reported Q2 EPS of $0.19, $0.29 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $419 million versus the consensus estimate of $402.17 million.

OUTLOOK

The Company expects to generate between $205 million and $215 million of Adjusted EBITDA in 2024 with $100 million to $110 million of Adjusted Free Cash Flow, including passive asset sales but excluding any operating asset sales.

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

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