Rayonier Advanced Materials (RYAM) Misses Q3 EPS by 11c, Revenues Miss

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Go back to Rayonier Advanced Materials (RYAM) Misses Q3 EPS by 11c, Revenues Miss

Rayonier Advanced Materials Reports Third Quarter 2019 Results

November 4, 2019 4:17 PM EST

Financial improvement from prior quarter due to greater reliability and reduced costs Successfully negotiated covenant package in September 2019 to provide flexibility to navigate challenging markets Executing Cellulose Specialties Go-to-Market strategy to improve margins; Price increases announced on Cellulose Specialties products in October 2019 or as contracts allow Net proceeds of approximately $150 million received from the sale of Matane high-yield manufacturing facility in November 2019

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Rayonier Advanced Materials Inc. (the Company) (NYSE: RYAM) today reported a net loss from continuing operations for the... More