Rayonier Advanced Materials (RYAM) Tops Q2 EPS by 21c

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Go back to Rayonier Advanced Materials (RYAM) Tops Q2 EPS by 21c

Rayonier Advanced Materials Reports Second Quarter Results

August 1, 2016 4:45 PM EDT

Second quarter net income of $19 million and pro forma EBITDA of $58 million Transformation Initiative targeting $75 to $90 million cost reduction by 2018 on-track 2016 net income expected to be $51 to $57 million 2016 pro forma EBITDA outlook raised to $195 to $205 million

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Rayonier Advanced Materials Inc. (the Company) (NYSE: RYAM) today reported second quarter 2016 net income of $19 million, or $0.46 diluted earnings per share compared to a net loss for the second quarter 2015 of $0.3 million, or $(0.01) per... More