Rayonier Advanced Materials (RYAM) Reports Q1 Loss Per Share of 52c
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Rayonier Advanced Materials Reports First Quarter 2019 Results
May 8, 2019 5:24 PM EDTSignificant increase in hardwood costs at Jesup plant coupled with unplanned downtime at Temiscaming plant led to operating loss in High Purity Cellulose segment Expect to improve financial performance ultimately returning EBITDA margins to high teens in the back half of 2019, subject to fluctuations in commodity prices and tariffs Cellulose specialties prices and volumes for full year 2019 are expected to remain stable versus 2018; commodity product volumes are expected to be modestly lower compared to guidance Weaker than anticipated lumber, pulp and paperboard markets impacted results in Forest... More
