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

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

Rayonier Advanced Materials Reports Solid First Quarter Results

May 2, 2016 4:30 PM EDT

Q1 2016 pro forma EBITDA of $54 million Transformation initiative targeting $75 to $90 million cost reduction on-track 2016 pro forma EBITDA outlook raised by $10 million to $185 to $200 million 2016 Adjusted free cash flow outlook raised to $85 to $95 million

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (the Company) today reported first quarter 2016 net income of $21 million, or $0.49 diluted earnings per share compared to $11 million or $0.25 per share for the same prior year period. The first quarter... More