Rayonier Advanced Materials (RYAM) Tops Q3 EPS by 20c; Raises Outlook

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Go back to Rayonier Advanced Materials (RYAM) Tops Q3 EPS by 20c; Raises Outlook

Rayonier Advanced Materials Reports Third Quarter Results

October 31, 2016 4:30 PM EDT

Third quarter net income of $22 million and pro forma EBITDA of $64 million 2016 Transformation Initiative savings target increased to $30 to $35 million Total cost savings approaching $50 million for 2016, including $15 million carryover from 2015 2016 net income expected to be $66 to $72 million Full year pro forma EBITDA outlook raised to $215 to $225 million $173 million raised from equity offering enhances ability to grow

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Rayonier Advanced Materials Inc. (the Company) (NYSE:... More