Rayonier Advanced Materials (RYAM) Misses Q1 EPS by 7c, Revenue Beats
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Rayonier Advanced Materials Reports First Quarter 2018 Results
May 7, 2018 5:06 PM EDTFirst quarter 2018 net income of $24 million and EBITDA of $86 million Diluted earnings per share of $0.38; 153 percent increase from prior year Pulp contributed significant EBITDA; Forest Products delivered solid profitability despite duties on U.S. sales; High Purity Cellulose impacted by production issues in two facilities and a spike in energy costs Integration of Tembec progressing as planned with significant contributions to first quarter profitability $7 million of transformation and synergy savings achieved; on track to meet 2018 target of $40 million
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