STOCK TITAN

Rayonier Advanced Materials Inc. - RYAM STOCK NEWS

Welcome to our dedicated page for Rayonier Advanced Materials news (Ticker: RYAM), a resource for investors and traders seeking the latest updates and insights on Rayonier Advanced Materials stock.

Rayonier Advanced Materials Inc. (symbol: RYAM) is a leading global supplier specializing in high-purity cellulose specialties, which are natural polymers essential for the chemical industry. With over 85 years of expertise, the company engineers intricate polymeric chemical chains to produce high-performance fibers at its state-of-the-art facilities located in Florida and Georgia.

Rayonier Advanced Materials has a production capacity of approximately 485,000 tons of cellulose specialties annually, which are integral components in a diverse array of products like filters, cosmetics, pharmaceuticals, cigarette filters, liquid crystal displays, paints, and food. In addition, the company produces around 245,000 tons of commodity products each year.

The company's intellectual property and manufacturing processes ensure high quality and consistency, making Rayonier Advanced Materials a preferred supplier for customers in various industries. The commitment to quality and innovation has resulted in the company being consistently ranked among the United States' top 50 exporters. The company delivers its products to 79 ports worldwide, serving clients in 20 countries across five continents.

Rayonier Advanced Materials operates through several reportable segments including High Purity Cellulose, Paperboard, High-Yield Pulp, and Corporate and Other. The High Purity Cellulose segment is the primary revenue driver for the company. Recent achievements include advancements in product quality and capacity expansions to meet growing global demand. The company also focuses on sustainability and environmentally friendly manufacturing practices, further enhancing its reputation in the industry.

For investors, RYAM represents a stable and innovative company with a strong market position and a diverse global customer base. The latest news and updates about Rayonier Advanced Materials Inc. can be found below:

Rhea-AI Summary

Rayonier Advanced Materials (NYSE: RYAM) announced a price increase of 15-30% on all Cellulose Specialties products, effective immediately. This decision aims to counteract rising costs across their supply chain, particularly in fiber, chemicals, energy, and freight. CEO Paul Boynton highlighted that significant inflation is impacting operations and is expected to persist into 2022. The company is also pursuing ongoing cost-efficiency initiatives at its facilities to enhance performance and offset these challenges.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
none
-
Rhea-AI Summary

Rayonier Advanced Materials Inc. (NYSE: RYAM) announced plans to redeem $25 million of its 7.625% Senior Secured Notes due 2026 at a price of 103.000%, plus interest. The company also repurchased approximately $126.5 million of its 5.50% Senior Notes due 2024, retiring them for about $123.5 million. These transactions contribute to over $150 million in deleveraging, highlighting the company’s focus on debt reduction.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.26%
Tags
none
-
Rhea-AI Summary

Rayonier Advanced Materials (NYSE: RYAM) has finalized the sale of its lumber and newsprint assets to GreenFirst Forest Products for approximately US$235 million, with 85% paid in cash and 15% in shares, subject to a six-month holding period. The company will use the proceeds to reduce debt and invest in its High Purity Cellulose segment. RYAM retains rights related to $110 million in softwood lumber duties. Post-transaction, RYAM owns 28,684,433 GreenFirst shares, constituting 16.2% of the company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
none
Rhea-AI Summary

Rayonier Advanced Materials (RYAM) achieved a net income of $122 million ($1.89/share) for Q2 2021, a turnaround from a $13 million loss in the prior year. Higher sales prices in High Purity Cellulose and a strong performance in discontinued operations contributed to this improvement. The company expects significant free cash flow due to strong lumber prices and the pending sale of its lumber and newsprint assets for $214 million. Overall, second quarter results show improved cash flows and operational performance, setting the stage for strategic capital allocation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.43%
Tags
none
-
Rhea-AI Summary

Rayonier Advanced Materials (NYSE:RYAM) will release its second quarter 2021 earnings on August 3, 2021, after market close. A conference call is scheduled for August 4, 2021, at 10:00 a.m. ET to discuss earnings. Investors can join the call via phone or online, with a replay available until August 18, 2021.

Rayonier specializes in cellulose-based technologies and generated approximately $1.7 billion in revenue, employing over 4,000 people across operations in the U.S., Canada, and France.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.66%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.11%
Tags
conferences
Rhea-AI Summary

Rayonier Advanced Materials (NYSE:RYAM) reported a loss from continuing operations for Q1 2021 of $27 million, or $0.43 per share, compared to a $25 million loss in Q1 2020. The decline was attributed to higher tax expenses but offset by increased lumber prices and stronger sales in High Purity Cellulose. The company announced the sale of its lumber and newsprint assets to GreenFirst for $214 million, which will help reduce debt and reinvest in core operations. Q1 net sales totaled $465 million, driven by strong performance in High Purity Cellulose and Forest Products segments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-23.27%
Tags
none
-
Rhea-AI Summary

Rayonier Advanced Materials Inc. (NYSE: RYAM) announced a strategic investment in Anomera Inc., the leading producer of Cellulose Nanocrystals (CNC) with a potential annual market exceeding $8 billion. The investment supports the construction of Anomera's Specialty Manufacturing Facility in Quebec, enhancing production capabilities of its eco-friendly products. RYAM increases its stake, becoming Anomera's largest shareholder, with a total investment of $8 million to date. Anomera's products, including DextraCel™ and ChromaPur™, cater to diverse industries, promoting sustainable alternatives to conventional materials.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.41%
Tags
none
-
Rhea-AI Summary

Rayonier Advanced Materials (RYAM) will announce its Q1 2021 earnings on May 4, 2021, post-market. A subsequent conference call is scheduled for May 5, 2021, at 10:00 a.m. ET, to discuss these results. The call will be accessible via www.rayonieram.com. With over 4,000 employees, the company reported approximately $1.8 billion in revenues, specializing in cellulose-based technologies across various sectors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary

Rayonier Advanced Materials (RYAM) has entered a binding asset purchase agreement with GreenFirst Forest Products to sell its lumber and newsprint facilities in Ontario and Québec for approximately US$214 million. This agreement includes 85% cash and 15% shares of GreenFirst. RYAM will also retain all cash generated by the assets and an estimated $110 million in softwood lumber duties. The deal will be finalized in the second half of 2021, pending regulatory approvals. This strategic divestment allows RYAM to focus on its core high purity cellulose business and reduce debt.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.84%
Tags
none

FAQ

What is the current stock price of Rayonier Advanced Materials (RYAM)?

The current stock price of Rayonier Advanced Materials (RYAM) is $7.47 as of December 20, 2024.

What is the market cap of Rayonier Advanced Materials (RYAM)?

The market cap of Rayonier Advanced Materials (RYAM) is approximately 497.7M.

What does Rayonier Advanced Materials Inc. specialize in?

Rayonier Advanced Materials specializes in high-purity cellulose specialties, used in a variety of industrial and consumer products.

Where are Rayonier Advanced Materials' production facilities located?

The company's production facilities are located in Florida and Georgia.

In which markets does Rayonier Advanced Materials primarily operate?

The company operates in markets for High Purity Cellulose, Paperboard, High-Yield Pulp, and other related segments.

What products are made using Rayonier Advanced Materials' cellulose?

Products include filters, cosmetics, pharmaceuticals, cigarette filters, liquid crystal displays, paints, and food additives.

How much cellulose specialties does Rayonier Advanced Materials produce annually?

The company has the capacity to produce approximately 485,000 tons of cellulose specialties annually.

What is Rayonier Advanced Materials' commitment to sustainability?

The company focuses on environmentally friendly manufacturing practices and sustainability in its operations.

In how many countries does Rayonier Advanced Materials serve customers?

Rayonier Advanced Materials serves customers in 20 countries across five continents.

What is the significance of Rayonier Advanced Materials in the export market?

The company is consistently ranked among the top 50 exporters in the United States.

Which segment is the primary revenue driver for Rayonier Advanced Materials?

The High Purity Cellulose segment is the primary revenue driver for the company.

Where can I find the latest news about Rayonier Advanced Materials Inc.?

The latest news and updates about the company can be found on their official website and financial news platforms.

Rayonier Advanced Materials Inc.

NYSE:RYAM

RYAM Rankings

RYAM Stock Data

497.66M
63.34M
3.69%
79.86%
0.98%
Chemicals
Pulp Mills
Link
United States of America
JACKSONVILLE