Rayonier Advanced Materials (RYAM) Tops Q1 EPS by 4c, Revenues Miss

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Go back to Rayonier Advanced Materials (RYAM) Tops Q1 EPS by 4c, Revenues Miss

Rayonier Advanced Materials Provides Market and Operations Update and Announces First Quarter 2020 Results

May 5, 2020 5:08 PM EDT

COVID-19 Response

Established safety protocols including working remotely, sanitizing workspaces and enhancing personal protection equipment Curtailing operations for products with significantly reduced demand and/or price; delaying annual maintenance outages to protect employees and operations Maintaining strong focus on cost reductions, streamlined capital expenditures and working capital management initiatives

First Quarter Highlights

First quarter loss from continuing operations was $25 million, comparable to the prior year First quarter EBITDA was $27 million, a $17 million improvement from prior year driven by lower costs from improved... More