Rayonier Advanced Materials (RYAM) Tops Q3 EPS by 34c

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Go back to Rayonier Advanced Materials (RYAM) Tops Q3 EPS by 34c

Rayonier Advanced Materials Reports Third Quarter Results

October 28, 2015 4:30 PM EDT

Raises 2015 pro forma EBITDA guidance to approximately $230 million Continues progress toward $40 million cost-reduction initiative Reduces net debt by $86 million through first nine months and $136 million since separation

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (the Company) today reported net income for the third quarter 2015 of $32 million, and $0.76 diluted earnings per share, compared to net income of $19 million, and $0.46 diluted earnings per share for the same period in 2014.

Pro forma net income for the third quarter... More