Rayonier Advanced Materials (RYAM) Misses Q2 EPS by 12c, Misses on Revenue

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Go back to Rayonier Advanced Materials (RYAM) Misses Q2 EPS by 12c, Misses on Revenue

RYAM Announces Second Quarter 2023 Results

August 8, 2023 4:37 PM EDT

Updates 2023 EBITDA and Raises Free Cash Flow Guidance

Loss from continuing operations for the second quarter of $16 million, an improvement of $9 million, or 36 percent, over prior year quarter Adjusted EBITDA from continuing operations for the second quarter of $27 million, down $7 million, or 21 percent, from prior year quarter Year-to-date cash provided by operating activities of $84 million; total debt of $834 million Adjusted Free Cash Flow generation of $52 million; Net Debt reduced to $682 million Updates 2023 Adjusted... More