Rayonier Advanced Materials (RYAM) Misses Q2 EPS by 14c, Offers Guidance

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Go back to Rayonier Advanced Materials (RYAM) Misses Q2 EPS by 14c, Offers Guidance

Rayonier Advanced Materials Reports Second Quarter 2017 Results

August 2, 2017 4:47 PM EDT

Second quarter net income of $5 million impacted by unfavorable sales mix and acquisition costs; full year projected net income of $32 to $39 million Reaffirming pro forma EBITDA guidance at the high-end of $190 to $200 million initial range On-track for $30 million of cost transformation improvements in 2017 with $15 million achieved year-to-date Acquisition of Tembec approved by its shareholders and cleared by U.S. antitrust regulators; Expected to close in the fourth quarter

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