Welcome to our dedicated page for Rayonier Advanced Matls news (Ticker: RYAM), a resource for investors and traders seeking the latest updates and insights on Rayonier Advanced Matls stock.
Rayonier Advanced Materials Inc. (NYSE: RYAM) generates a steady flow of news related to its role in cellulose-based technologies, biomaterials, paperboard and pulp. This page aggregates company press releases and third-party coverage so readers can follow how RYAM’s operations, strategy and leadership evolve over time.
RYAM’s news often highlights developments in its Cellulose Specialties, Biomaterials, Cellulose Commodities, Paperboard and High-Yield Pulp businesses. Recent communications have discussed segment reorganization, quarterly financial results, tariff impacts, operational performance at facilities such as Temiscaming and Tartas, and the company’s perspective on demand trends for high-purity cellulose, paperboard and high-yield pulp products.
Investors and industry observers will find updates on earnings releases and financial guidance, including commentary on net sales, operating income or loss by segment, non-cash charges and cash flow dynamics. RYAM also issues news about leadership and governance changes, such as the planned retirement of its former President and Chief Executive Officer, the appointment of Scott Sutton as Chief Executive Officer and President and changes in accounting leadership reported in Form 8-K filings.
Another recurring theme in RYAM’s news is its activity in trade and regulatory matters. The company has announced the filing of antidumping and countervailing duty petitions concerning imports of high-purity dissolving pulp from Brazil and Norway, outlining its position on unfairly traded imports and the potential impact on U.S. producers and workers.
Product and market-focused announcements also appear in RYAM’s news flow. For example, the company has described enhancements to its Kallima folding carton board portfolio, including an enhanced freezer application developed at its Temiscaming facility for frozen food packaging. These items give insight into how RYAM positions its paperboard products within the packaging market.
By reviewing the RYAM news feed, readers can track how management communicates its long-term strategic direction, including emphasis on Cellulose Specialties and Biomaterials, responses to tariffs and market conditions, and updates on operational execution. Bookmarking this page allows for efficient access to new releases and historical context on the company’s public disclosures.
Rayonier Advanced Materials (RYAM) announced that its subsidiary, Rayonier A.M. Products, has launched a cash tender offer to purchase all outstanding 7.625% Senior Secured Notes due 2026, with a current outstanding amount of $452,640,000. Holders who tender their notes by the expiration date of November 4, 2024, will receive $1,000 in cash per $1,000 principal amount, plus accrued interest. The settlement is expected on November 7, 2024. The tender offer is contingent on securing sufficient debt financing to fund the purchase and associated expenses.
Rayonier Advanced Materials (NYSE: RYAM) announced that its Jesup, Georgia facility has fully resumed operations ahead of schedule following an October 11 fire incident. The facility has returned to full production capacity with all lines producing on-grade material. The company is currently evaluating the financial impact of the incident and potential insurance recoveries, with further updates expected during the third-quarter earnings call on November 6.
Rayonier Advanced Materials (NYSE: RYAM) has announced its upcoming third quarter 2024 earnings release, scheduled for Tuesday, November 5, 2024, after market close. The company will host a conference call and webcast on Wednesday, November 6, 2024, at 9:00 a.m. ET to discuss the results. Investors can access the call via phone (877-407-8293 for US, 201-689-8349 for international) or through the company's website. A replay will be available until November 20, 2024.
Rayonier Advanced Materials Inc. (NYSE: RYAM) has announced the restoration of power to its Jesup, Georgia site and the restart of its A Line operations. The A Line, which produces cellulose specialties for filtration, food, pharmaceuticals, and tire cord, is currently operating at 80% capacity and is expected to reach full capacity within a week.
The company's B Line is still undergoing repairs and is anticipated to restart around October 28th. RYAM is currently assessing the financial impact of the incident and potential insurance recovery. More detailed financial information will be provided during the company's third-quarter earnings call in early November.
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.