Rayonier Advanced Materials (RYAM) Tops Q2 EPS by 12c
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July 30, 2015 8:00 AM EDT
Reiterates 2015 pro forma EBITDA guidance of $210 to $225 million
Substantial progress on 2015 net debt and cost-reduction initiatives
Announces strategic repositioning
JACKSONVILLE, Fla.--(BUSINESS WIRE)--
Rayonier Advanced Materials Inc. (NYSE: RYAM) (the Company) today
reported a net loss for the second quarter 2015 of $(0.3) million, or
$(0.01) per share, compared to net income of $5 million, or $0.11 per
share for the same period in 2014.
Pro forma net income for the second quarter 2015 was $16 million, or
$0.39 per share compared to $25 million or $0.59 per... More
July 30, 2015 8:00 AM EDT
Improves cost position at Jesup, Georgia facility
Reduces cellulose specialties capacity by 190,000 tons or 28 percent
Reinvigorates commitment to fluff products with capacity increase of
11 percent
JACKSONVILLE, Fla.--(BUSINESS WIRE)--
Rayonier Advanced Materials Inc. (NYSE: RYAM) announced today a $25
million investment to better align assets to current market conditions,
improve operating efficiency and increase commodity throughput.
In response to the persistent imbalance of supply and demand in the
cellulose specialties market, the Company will reconfigure its asset
base... More
