Rayonier Advanced Materials (RYAM) Tops Q2 EPS by 115c
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Rayonier Advanced Materials Announces Second Quarter 2021 Results
August 3, 2021 4:53 PM EDTSale of the lumber and newsprint assets on track to close on August 28, 2021; positions the Company to pursue disciplined investments in its core High Purity Cellulose business and improve the balance sheet through debt repayment Second quarter net income was $122 million, of which net income from continuing operations was $8 million, $12 million favorable to the comparable period in 2020, and net income from discontinued operations was $114 million, $123 million favorable to the comparable period in 2020 Second quarter Adjusted EBITDA was $149 million, of which Adjusted EBITDA from continuing operations was... More
