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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:

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Rayonier Advanced Materials (RYAM) has announced the schedule for its first quarter 2024 earnings release. The earnings will be released on May 7, 2024, with a conference call and webcast scheduled for May 8, 2024. Investors can access the live webcast and supplemental materials on RYAM's website. Replay options will be available for those unable to participate in the live event.
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Rayonier Advanced Materials Inc. (RYAM) successfully ships its first production of 2G bioethanol from the Tartas plant after two years of research and development. The company's President and CEO, De Lyle Bloomquist, expresses pride in this milestone and foresees a promising future for RYAM's biomaterials division. The Senior Vice President of Biomaterials, Christian Ribeyrolle, highlights the plant's role in reducing greenhouse gas emissions and combating climate change.
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Rayonier Advanced Materials Inc. (RYAM) announces participation in four equity conferences in March to engage with investors and stakeholders, showcasing strategic initiatives and performance.
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Rayonier Advanced Materials Inc. (RYAM) and Verso Energy partner to explore e-fuels, specifically e-Sustainable Aviation Fuel (eSAF), using Biogenic CO2 and Green Hydrogen. The companies aim to reduce greenhouse gases through Carbon Capture Utilization, with potential French government grants for the feasibility study.
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Rayonier Advanced Materials Inc. (NYSE:RYAM) reported 2023 net sales of $1,643 million, a decline of $74 million from the prior year. Loss from continuing operations was $102 million, including a $62 million non-cash impairment, down $75 million from the previous year. Adjusted EBITDA for 2023 was $139 million. Year-to-date cash provided by operating activities was $136 million, with total debt reduced by $76 million to $777 million. Adjusted Free Cash Flow generated $53 million year-to-date. 2024 Adjusted EBITDA guidance is $180 million to $200 million, expected to drive $20 million to $40 million of Adjusted Free Cash Flow.
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Rayonier Advanced Materials (RYAM) to announce Q4 2023 earnings on February 27, 2024, with a conference call scheduled for February 28, 2024. Investors can access the live webcast and supplemental materials on www.RYAM.com.
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Rayonier Advanced Materials Inc. (NYSE: RYAM) has reached an agreement with lenders to obtain financial covenant relief, amending its Term Loan Credit Agreement to increase the maximum consolidated secured net leverage ratio, providing operational flexibility. The company will maintain a consolidated secured net leverage ratio of 5.25 to 1.00 for the fourth fiscal quarter of 2023 through the second fiscal quarter of 2024, with subsequent reductions. RYAM will pay certain fees to the lenders. Legal counsel was provided by Wachtell, Lipton, Rosen & Katz and Sullivan & Cromwell LLP.
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Rayonier Advanced Materials Inc. (NYSE: RYAM) announced that President and CEO De Lyle Bloomquist will speak at the Sidoti December Virtual Investor Conference on December 7, 2023, at 3:15 ET. Free registration is open to all at www.sidoti.com/events.
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Rayonier Advanced Materials Inc. (NYSE:RYAM) reported a net loss for the third quarter of $25 million, down from a net income of $30 million in the prior year quarter. The company updated its 2023 EBITDA to approximately $150 million and raised its Free Cash Flow guidance to $65-75 million, with potential deleveraging from the sale of passive assets.
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Rayonier Advanced Materials (NYSE:RYAM) will release its Q3 2023 earnings on November 7, 2023, and host a conference call on November 8, 2023, to discuss the results.
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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