Rayonier Advanced Materials (RYAM) Misses Q3 EPS by 15c

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Go back to Rayonier Advanced Materials (RYAM) Misses Q3 EPS by 15c

RYAM Announces Third Quarter 2023 Results

November 7, 2023 4:51 PM EST

Updates 2023 EBITDA and Raises Free Cash Flow Guidance

Loss from continuing operations for the third quarter of $27 million, down $45 million from prior year quarter Adjusted EBITDA from continuing operations for the third quarter of $24 million Year-to-date cash provided by operating activities of $82 million; total debt of $749 million Adjusted Free Cash Flow year-to-date generation of $27 million; Net Debt of $743 million Updates 2023 Adjusted EBITDA guidance to approximately $150 million Raises 2023 Adjusted Free Cash Flow guidance to $65 million to $75 million with additional deleveraging from potential sale of passive assets

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