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:
Rayonier Advanced Materials Inc. (NYSE: RYAM) announced that its subsidiary, Rayonier A.M. Products Inc., will not proceed with a private offering of $325 million senior secured notes due 2028 due to unattractive terms. Consequently, RYAM will not redeem its senior unsecured notes due 2024 at this time. The company plans to monitor capital markets for refinancing opportunities for its 5.5% unsecured senior notes maturing in June 2024 and is confident in obtaining favorable terms. RYAM is a leader in cellulose-based technologies with $1.7 billion in estimated revenue for 2022.
Rayonier Advanced Materials Inc. (NYSE: RYAM) has initiated a private offering of
Rayonier Advanced Materials (RYAM) announced its preliminary, unaudited fourth quarter and full year results for 2022. For Q4, estimated revenue is between $488 million and $508 million, while the income from continuing operations ranges from $(1) million to $3 million. The adjusted EBITDA is expected to be $52 million to $56 million. For the full year, RYAM anticipates revenues of $1.705 billion to $1.725 billion, with a loss from continuing operations of $(28) million to $(32) million. Total debt is reported at $853 million, with adjusted net debt standing at $707 million.
Rayonier Advanced Materials (RYAM) announced the cancellation of a force majeure by Southern Natural Gas Company affecting its Jesup, Georgia facility. This event had caused an estimated $4 million EBITDA impact. The company is reserving its rights to contest the financial penalties incurred due to the supply disruption.
RYAM is a leader in cellulose-based technologies with operations in the U.S., Canada, and France, generating $1.4 billion in revenue in 2021.
Rayonier Advanced Materials Inc. (NYSE:RYAM) announced a force majeure event affecting its Jesup, Georgia facility due to an unscheduled outage by Southern Natural Gas Company. This incident, starting December 24, 2022, may result in financial penalties and reduce daily EBITDA by approximately
Rayonier Advanced Materials (RYAM) will have CFO Marcus J. Moeltner present at the 2022 Bank of America Leveraged Finance Conference in Boca Raton, Florida, on November 30, 2022. This event will also include investor meetings on November 29 and 30, 2022. RYAM specializes in cellulose-based technologies, serving sectors such as food and pharmaceuticals. The company operates in the U.S., Canada, and France, employing over 2,500 people and generating $1.4 billion in revenue in 2021. More details can be found at www.RYAMglobal.com.
Rayonier Advanced Materials (RYAM) reported a robust net income of $30 million for Q3 2022, reversing a net loss from the previous year. Net sales surged to $466 million, a 25% increase year-over-year, with Adjusted EBITDA guidance raised to exceed $175 million. Strong performance in High Purity Cellulose drove a 28% sales increase, while Paperboard sales also saw a 27% rise. Despite inflationary pressures, the company improved its profitability through productivity gains and strategic pricing. RYAM continues to focus on debt reduction and plans to refinance upcoming maturities.
Rayonier Advanced Materials (RYAM) announced the addition of Chas R. Eggert to its Board of Directors, effective October 19, 2022. With over 40 years in the industry, Eggert brings extensive experience in strategic leadership and operational transformation, particularly in specialty chemicals and biomaterials. His previous roles include Operating Partner at iSelect Fund Management and Arsenal Capital Partners, where he contributed to various portfolio companies. This appointment is expected to enhance RYAM's growth strategies in cellulose specialties and related markets.
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