Rayonier Advanced Materials Reports Solid First Quarter Results

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Go back to Rayonier Advanced Materials Reports Solid First Quarter Results

Rayonier Advanced Materials (RYAM) Tops Q1 EPS by 21c; Boosts Outlook

May 2, 2016 4:31 PM EDT

Rayonier Advanced Materials (NYSE: RYAM) reported Q1 EPS of $0.36, $0.21 better than the analyst estimate of $0.15. Revenue for the quarter came in at $218 million versus the consensus estimate of $208.12 million.

utlook

Over the last seven months, the Company renegotiated cellulose specialties contracts with its three largest customers through 2018 and 2019. For 2016, the Company expects cellulose specialties prices to decline... More