Rayonier Advanced Materials (RYAM) Misses Q1 EPS by 3c

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Rayonier Advanced Materials Reports First Quarter Results

May 1, 2015 6:30 AM EDT

Raising 2015 EBITDA guidance to $210 to $225 million On track to achieve annualized cost savings of approximately $40 million Full year cellulose specialties volumes comparable to 2014/2013 $32 million reduction in net debt during the first quarter

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Rayonier Advanced Materials Inc. (NYSE: RYAM) today reported net income for the first quarter 2015 of $11 million, or $0.25 per share compared to $31 million, or $0.73 per share for the same period in 2014. Pro forma net income for the first quarter... More