Rayonier AM Earnings Reports

RYAM reported Q4 2024 net sales of $422 million, matching the prior year's quarter. The company posted a net loss of $16 million, an improvement over the $61 million loss in Q4 2023. Operating income turned positive at $11 million, driven by higher cellulose specialties sales and a better pricing mix. Adjusted EBITDA for the quarter was $51 million, reflecting operational improvements despite higher costs.

Rayonier Advanced Materials reported net sales of $401 million for Q3 2024, up from $369 million in the prior year quarter. Adjusted EBITDA increased to $51 million from $24 million year-over-year. However, the company experienced a net loss of $33 million, impacted by a $25 million non-cash asset impairment and $7 million in indefinite suspension charges. The company successfully refinanced its capital structure and reiterated its 2024 Adjusted EBITDA guidance while increasing its Free Cash Flow guidance.

Rayonier Advanced Materials reported net sales of $419 million for the second quarter of 2024, a $34 million increase from the prior year quarter. Income from continuing operations was $8 million, up $24 million from the prior year quarter, and adjusted EBITDA from continuing operations was $68 million, up $41 million from the prior year quarter. The company increased its 2024 Adjusted EBITDA guidance to $205 million to $215 million and Adjusted Free Cash Flow guidance to $100 million to $110 million.

Rayonier Advanced Materials Inc. (RYAM) reported improved first-quarter 2024 results, exceeding expectations with a solid $52 million in Adjusted EBITDA. The company's net loss was $2 million, and net sales reached $388 million. RYAM reaffirmed its 2024 Adjusted EBITDA guidance of $180 million to $200 million and increased its Adjusted Free Cash Flow guidance to $80 million to $100 million.

Rayonier Advanced Materials Inc. reported a net loss of $102 million for 2023, impacted by soft demand for cellulose ethers, lower paperboard demand, and weak pricing in high-yield pulp. The company responded with cost-cutting measures and market-driven downtime, focusing on free cash flow generation and debt covenant compliance.

Rayonier Advanced Materials Inc. reported a net loss of $25 million for the quarter ended September 30, 2023, compared to a net income of $30 million in the prior year quarter. The company is revising down its 2023 Adjusted EBITDA guidance to approximately $150 million but raising its free cash flow guidance to $65 to $75 million.

Rayonier Advanced Materials Inc. reported a net loss of $17 million for the quarter ended July 1, 2023. The company is revising down its 2023 Adjusted EBITDA guidance but raising its free cash flow guidance as it reduces capital expenditures and monetizes additional working capital.

Rayonier Advanced Materials Inc. reported net income of $2 million for the quarter ended April 1, 2023, a significant improvement compared to the net loss of $25 million in the prior year quarter. The company's net sales increased by 33 percent to $467 million, and adjusted EBITDA from continuing operations rose by 155 percent to $51 million. RYAM reaffirmed its 2023 Adjusted EBITDA guidance and increased its Adjusted Free Cash Flow guidance.

Rayonier Advanced Materials reported net sales of $500 million for the fourth quarter, up 34 percent from the prior year quarter. Income from continuing operations for the quarter was $4 million, up 114 percent from the prior year quarter. Adjusted EBITDA from continuing operations for the quarter was $55 million, up 104 percent from the prior year quarter.

Rayonier Advanced Materials Inc. reported net income of $30 million for Q3 2022, a significant improvement compared to a net loss of $5 million in the same quarter of the prior year. Adjusted EBITDA from continuing operations increased by 106 percent to $68 million. The company has increased its full year Adjusted EBITDA guidance to exceed $175 million for 2022.

Rayonier Advanced Materials Inc. reported a net loss of $23 million for the quarter ended June 25, 2022. Revenues for the second quarter were $399 million, up 17 percent from the prior year quarter. The company is updating its full year Adjusted EBITDA guidance to exceed $160 million.

Rayonier Advanced Materials reported a net loss of $25 million for the first quarter of 2022, compared to a net loss of $27 million in the same quarter of the previous year. Adjusted EBITDA from continuing operations was $20 million, driven by higher key input costs due to inflation and lower sales volumes due to supply chain constraints and lower production, partially offset by higher sales prices across all segments. The company reaffirms its 2022 guidance of driving EBITDA growth.

Rayonier Advanced Materials reported a net loss from continuing operations of $28 million for the fourth quarter of 2021, which was $1 million favorable compared to the same period in 2020. Adjusted EBITDA from continuing operations was $26 million, up $12 million from the comparable quarter in 2020, primarily driven by higher High Purity Cellulose prices. The company secured double-digit percent price increases along with volume improvements for cellulose specialties contracts in 2022.

Rayonier Advanced Materials reported a net loss of $5 million for Q3 2021, compared to a net income of $29 million in the same quarter of the previous year. The company completed the sale of its lumber and newsprint assets for approximately $232 million and repaid $127 million of senior unsecured debt and $25 million of senior secured debt. Adjusted EBITDA from continuing operations was $35 million, up $3 million from the comparable quarter in 2020.

Rayonier Advanced Materials reported a net income of $122 million, or $1.89 per diluted share, for the second quarter of 2021, compared to a net loss of $13 million, or $0.20 per diluted share, for the same quarter last year. The company's Adjusted EBITDA from continuing operations was $33 million, up $8 million from the comparable quarter in 2020, primarily driven by higher prices for High Purity Cellulose.

Rayonier Advanced Materials reported first quarter operating results significantly favorable to both the prior year and sequential quarter, driven by a surge in lumber prices and higher value from core High Purity Cellulose business.

Rayonier Advanced Materials reported a net income of $9 million for Q4 2020, a significant improvement compared to the $57 million loss in the same quarter of the previous year. Adjusted EBITDA for the quarter was $53 million, up $44 million year-over-year. The company completed a refinancing to extend maturities, remove financial maintenance covenants, and enhance liquidity.

Rayonier Advanced Materials reported income from continuing operations of $29 million for the quarter ended September 26, 2020, compared to a loss of $14 million for the same prior year quarter. The positive results were driven by strong lumber prices, better reliability in High Purity Cellulose, and a focus on reducing costs.

Rayonier Advanced Materials reported a loss from continuing operations of $13 million for the second quarter of 2020, which was $6 million better than the comparable quarter in 2019. The company's EBITDA was $19 million, down $2 million from the same quarter in 2019. COVID-19 and non-cash corporate expenses offset improvements in Forest Products and Paperboard. The company generated $16 million of free cash flow and expects a $31 million cash refund in the fourth quarter from 2019 taxes.

Rayonier Advanced Materials reported a first-quarter loss from continuing operations of $25 million, comparable to the prior year. EBITDA improved by $17 million to $27 million, driven by lower costs from improved reliability. The company maintains solid liquidity at $145 million and expects second-quarter 2020 results to be well above the prior year.

Rayonier Advanced Materials reported a loss from continuing operations of $57 million, or $0.91 loss per diluted common share, compared to income from continuing operations of $7 million, or $0.07 earnings per diluted common share for the prior year. The adjusted loss from continuing operations was $49 million, or $0.78 loss per diluted common share, compared to adjusted income from continuing operations of $7 million, or $0.08 earnings per diluted common share for the prior year comparable quarter.