Rayonier Advanced Materials (RYAM) Tops Q4 EPS by 7c, Revenues Beat
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Rayonier Advanced Materials Announces Fourth Quarter and Full Year Results
February 24, 2021 5:14 PM ESTFourth Quarter and Full Year 2020 Highlights
Fourth quarter and full year income from continuing operations was $9 million, and $0 million, respectively, $66 million and $119 million higher than comparable periods in 2019, respectively Fourth quarter Adjusted EBITDA from continuing operations of $53 million was up $44 million from the comparable quarter in 2019 primarily driven by higher lumber and High Purity Cellulose prices Full year 2020 Adjusted EBITDA from continuing operations of $153 million improved $78 million from the prior year primarily driven by strong demand for lumber and reduced costs across segments as a... More