Rayonier Advanced Materials Reports Second Quarter Results
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Rayonier Advanced Materials (RYAM) Tops Q2 EPS by 21c
August 1, 2016 4:49 PM EDTRayonier Advanced Materials (NYSE: RYAM) reported Q2 EPS of $0.46, $0.21 better than the analyst estimate of $0.25. Revenue for the quarter came in at $214 million versus the consensus estimate of $212.32 million.
Outlook
For 2016, we expect cellulose specialties prices to decline 6 to 7 percent and cellulose specialties sales volumes to decline 4 to 5 percent compared to 2015. Based on contractual commitments for the majority of our acetate volume, 2017 acetate pricing is expected to be approximately 2 percent below 2016. Negotiations for all cellulose specialties grades for 2017 currently uncommitted volumes will continue during the second half of 2016, consistent with past practices,... More
