Rayonier Advanced Materials (RYAM) Tops Q2 EPS by 12c
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Rayonier Advanced Materials Reports Second Quarter Results
July 30, 2015 8:00 AM EDTReiterates 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
Rayonier Advanced Materials Announces Strategic Repositioning
July 30, 2015 8:00 AM EDTImproves 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
