Rayonier Advanced Materials Reports Second Quarter 2019 Results
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Rayonier Advanced Materials (RYAM) Misses Q2 EPS by 21c, Revenues Miss
August 7, 2019 4:39 PM EDTRayonier Advanced Materials (NYSE: RYAM) reported Q2 EPS of ($0.35), $0.21 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $488 million versus the consensus estimate of $489.34 million.
Improved High Purity Cellulose sequential results as higher wood costs and operating issues were mitigatedGo-to-Market strategy implementation yielding positive initial customer outcomesSale of Matane high-yield manufacturing facility... More