Loading...
•
Jun 27, 2020
Rayonier AM Q2 2020 Earnings Report
Rayonier AM's Q2 2020 results were impacted by COVID-19, but the company focused on cost control and cash flow improvement.
Key Takeaways
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.
Second quarter loss from continuing operations was $13 million, $6 million better than comparable quarter in 2019.
Second quarter EBITDA of $19 million, down $2 million from comparable quarter in 2019.
High Purity Cellulose segment improved from first quarter of 2020 driven by higher commodity volumes and lower costs.
$16 million of Free Cash Flow generated in the second quarter, improving liquidity to $166 million.
Rayonier AM
Rayonier AM
Rayonier AM Revenue by Segment
Revenue by Segment
Paperboard Revenue
CapyFin.comHigh-Yield Pulp Revenue
CapyFin.com Forward Guidance
The company suspended its guidance due to the uncertainty of the magnitude and timing of economic recovery due to the COVID-19 pandemic and the risk of supply chain disruptions beyond the control of the Company.
Revenue & Expenses
Visualization of income flow from segment revenue to net income