Rayonier Advanced Materials Provides Market and Operations Update and Announces First Quarter 2020 Results
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Rayonier Advanced Materials (RYAM) Tops Q1 EPS by 4c, Revenues Miss
May 5, 2020 5:13 PM EDTRayonier Advanced Materials (NYSE: RYAM) reported Q1 EPS of ($0.38), $0.04 better than the analyst estimate of ($0.42). Revenue for the quarter came in at $410 million versus the consensus estimate of $427.87 million.
First Quarter Highlights
First quarter loss from continuing operations was $25 million, comparable to the prior yearFirst quarter EBITDA was $27 million, a $17 million improvement from prior year driven by lower costs from improved reliability$35 million improvement... More