Rayonier Advanced Matls Inc Stock Price, News & Analysis

Rayonier Advanced Materials Inc. (NYSE: RYAM) reported an isolated fire at its Jesup, Georgia facility on October 11. The fire was quickly contained with no injuries or community risk. The company is investigating the cause. While the plant's C line has resumed operations, the A and B lines will remain offline until approximately October 28 for repairs, primarily focusing on instrumentation and electrical cabling systems.

The Jesup plant, RYAM's largest facility, has a production capacity of 330,000 metric tons of cellulose specialties (A and B lines) and 270,000 metric tons of fluff pulp (C line). RYAM is working with affected customers to address potential impacts. The estimated EBITDA impact is expected to be $15 to $20 million, subject to potential insurance recovery. Further updates will be provided during the third quarter earnings call in early November.

Altamaha Green Energy (AGE), a joint venture between Beasley Green Power, and Rayonier Advanced Materials (RYAM), has received certification from the Georgia Public Service Commission for a Power Purchase Agreement. This agreement allows AGE to produce and sell up to 70 MW of electricity to Georgia Power Company for a 30-year period.

The project, still in development, aims to utilize renewable forestry waste such as bark, tree limbs, and other biomass to generate sustainable electricity. This initiative is expected to address the growing demand for renewable energy while boosting Georgia's forestry economy and creating jobs. AGE was formed in response to Georgia Power's competitive bidding process for renewable energy solutions.

Rayonier Advanced Materials Inc. (NYSE: RYAM) has elected Eric M. Bowen to its Board of Directors, effective September 9, 2024. Bowen brings over 20 years of experience in the biofuels industry, with expertise in energy transition and renewable products. He previously served as General Counsel, Corporate Secretary, and Vice President of Strategy at Renewable Energy Group, Inc. (REGI) until its sale to Chevron in 2022. Bowen was instrumental in growing REGI's renewable diesel business and positioning the company in decarbonization markets. His background includes founding Tellurian Biodiesel, Inc., and serving on various boards, including Forge Hydrocarbons and Hydrogen Works. Bowen holds a J.D. from UC Berkeley and a B.A. from the University of Oregon Honors College.

Rayonier Advanced Materials Inc. (NYSE: RYAM) has announced an immediate price increase for its Cellulose Specialties products by up to 10 percent, depending on product grade and as contracts allow. The company attributes this price hike to market dynamics, cost inflation, and other economic drivers.

This strategic move by RYAM aims to address the current economic challenges and maintain profitability in its Cellulose Specialties segment. The price increase reflects the company's response to rising production costs and changing market conditions in the specialty cellulose industry.

Rayonier Advanced Materials (RYAM) reported strong Q2 2024 results, with net sales of $419 million, up $34 million from the prior year quarter. Income from continuing operations was $8 million, a $24 million improvement. Adjusted EBITDA from continuing operations increased by $41 million to $68 million. The company raised its 2024 guidance, now expecting Adjusted EBITDA of $205-$215 million and Adjusted Free Cash Flow of $100-$110 million.

Key highlights include:

• High Purity Cellulose segment saw improved mix and increased cellulose specialties volumes
• Paperboard segment benefited from higher sales volumes and lower pulp costs
• Company generated $69 million in Adjusted Free Cash Flow
• Net secured debt leverage ratio reduced to 3.4 times covenant EBITDA
• Progress made on Biomaterials strategy, including bioethanol facility operations in Tartas

Rayonier Advanced Materials (NYSE: RYAM) has announced its schedule for the release of second quarter 2024 earnings. The company plans to disclose its financial results on Tuesday, August 6, 2024, after market close. Following this, RYAM will host a conference call and live webcast on Wednesday, August 7, 2024, at 9:00 a.m. ET to discuss the quarterly performance.

Investors can access supplemental materials and the live audio webcast at www.RYAM.com. For those unable to attend the live event, a replay will be available on the company's website shortly after the call. The conference call can be accessed by dialing 800-715-9871 (U.S.) or 646-307-1963 (international) with Conference ID 3242908. A teleconference replay will be available until August 21, 2024.

Rayonier Advanced Materials (NYSE: RYAM) has announced that Joshua Hicks, their Senior Vice President of High Purity Cellulose, will participate in a fireside chat with analyst Dmitry Silversteyn from Water Tower Research on June 26, 2024. The discussion will cover RYAM's strategy and vision, the High Purity Cellulose market, industry applications, market dynamics, and RYAM's sustainable initiatives. The event will start at 10:00 AM ET and can be accessed via RYAM.com.

Rayonier Advanced Materials (NYSE: RYAM), a global leader in High Purity Cellulose, has announced that its President and CEO, De Lyle Bloomquist, will meet with investors at the Stifel Cross Sector Insight Conference. The conference will take place on June 5, 2024, with a group presentation scheduled for 2:25 PM ET. Interested attendees can register through RYAM's website.

Rayonier Advanced Materials Inc. (RYAM) reported Q1 2024 results with net sales at $388 million, net loss of $2 million, and Adjusted EBITDA at $52 million. Total debt stands at $779 million. The company reaffirmed its 2024 EBITDA guidance and increased Free Cash Flow guidance. RYAM is on track to meet its full-year guidance despite the suspension of operations at the Temiscaming High Purity Cellulose plant and the sale of refund rights to OCP Lumber The Company is focused on debt reduction and strategic initiatives.