Rayonier Advanced Materials (RYAM) Misses Q4 EPS by 28c
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Rayonier Advanced Materials Announces Fourth Quarter and Full Year 2021 Results
February 23, 2022 4:30 PM ESTSecured double-digit price increases and volume improvements for Cellulose Specialties in 2022
Net loss from continuing operations for the fourth quarter was $28 million, $1 million favorable to the comparable period in 2020 Adjusted EBITDA from continuing operations was $26 million, up $12 million from the comparable quarter in 2020, driven primarily by higher High Purity Cellulose prices Amidst strong demand, secured double-digit percent price increases along with volume improvements for cellulose specialties contracts in 2022 Expect to drive EBITDA growth in 2022 focused on higher pricing, managing costs and improved reliability; expect a stronger back... More