Rayonier Advanced Materials (RYAM) Misses Q3 EPS by 10c, Revenues Miss

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Go back to Rayonier Advanced Materials (RYAM) Misses Q3 EPS by 10c, Revenues Miss

Rayonier Advanced Materials Reports Third Quarter 2018 Results

November 5, 2018 4:52 PM EST

Third quarter 2018 net income of $38 million and adjusted EBITDA of $99 million Year-to-date diluted earnings per share of $1.82 and adjusted net income per share of $1.53; 264 percent increase in adjusted earnings per share from prior year Year-to-date operating cash flow of $160 million; Adjusted free cash flow of $97 million Increased sequential performance in High Purity Cellulose with continued support from commodity segment earnings Successful execution of Cost Transformation with $38 million of savings achieved year-to-date; Increasing 2018 target by $10 million to $50 million; On-track to deliver $155 million of 3-year strategic EBITDA goal... More