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. (RYAM) is a global leader in high-purity cellulose specialties and engineered natural polymers for industrial and consumer applications. This page provides investors and industry professionals with a comprehensive repository of official company announcements, financial updates, and operational developments.
Access real-time updates on earnings reports, strategic partnerships, product innovations, and sustainability initiatives. Our curated collection ensures you stay informed about RYAM's advancements in cellulose technology, market expansions, and operational milestones without needing to search multiple sources.
Key updates include quarterly financial results, manufacturing process improvements, supply chain developments, and leadership announcements. All content is sourced directly from verified company communications to ensure accuracy and compliance with financial disclosure standards.
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Rayonier Advanced Materials Inc. (NYSE:RYAM) has adopted a limited duration stockholder rights plan to protect investor interests against rapid share accumulation without fair compensation. This decision follows unusual trading activity and a significant stake increase by Chatham Asset Management. The rights plan, effective immediately, becomes exercisable if any individual or group acquires 10% of the company's shares, ensuring the Board has time to assess control attempts. The plan is valid for 364 days and aims to enhance stockholder value.
Chatham Asset Management has urged Rayonier Advanced Materials (RYAM) to take immediate action regarding its upcoming 2024 debt maturities. Holding approximately 6.3% of RYAM's common stock and 72% of the 5.50% Senior Notes due June 2024, Chatham suggested an exchange offer to refinance the debt and utilize the company's strong liquidity. With rising interest rates, Chatham emphasizes the importance of reducing gross debt to enhance shareholder value and believes that prompt action could create a favorable market response.
Rayonier Advanced Materials Inc. (NYSE: RYAM) has granted an award of Leveraged Performance Units (LPUs) valued at $1.5 million to CEO Vito J. Consiglio. The LPUs are contingent on stock price growth over a three-year measurement period, with performance thresholds set at 10%, 25%, and 100%. Results below 10% yield no payout. If Mr. Consiglio resigns or is terminated for cause before payout, LPUs will be forfeited. The award complies with NYSE rules for public announcement of inducement awards.
Rayonier Advanced Materials reported a net loss of $28 million for Q4 2021, a slight improvement from Q4 2020, with a net loss from continuing operations of $24 million. Adjusted EBITDA increased to $26 million, up $12 million year-over-year, driven by higher High Purity Cellulose prices. Despite strong demand, total volumes declined 11% in Q4 due to supply-chain constraints. The company expects double-digit price increases for cellulose specialties in 2022 and aims to achieve a 40% reduction in greenhouse gas emissions by 2030.
Rayonier Advanced Materials (RYAM) released its 2021 Environmental, Social, and Governance (ESG) Report, highlighting key sustainability initiatives. The report sets a target to reduce scope 1 and 2 greenhouse gas emissions by 40% by 2030 from a 2020 baseline. Notable report features include safety performance metrics, climate risk assessment, and sustainable fiber sourcing practices. The company's president emphasized their commitment to responsible growth and long-term shareholder value. The complete ESG report is available on their website.
Rayonier Advanced Materials (NYSE:RYAM) will announce its fourth quarter 2021 earnings on February 23, 2022, after market close. A conference call to discuss the results will take place on February 24, 2022, at 9:00 a.m. EST. Investors can access the call via phone or through a live webcast on the company's website, where a replay will also be available. Rayonier Advanced Materials is a leader in cellulose-based technologies, generating approximately $1.3 billion in revenue in 2020 and employing around 2,500 people.
Rayonier Advanced Materials (RYAM) has announced the launch of a second generation (2G) bioethanol produced from wood feedstock, positioning itself as a key player in Europe’s biofuels market. This bioethanol boasts a 90% smaller carbon footprint compared to fossil fuels, aiming to assist petrochemical companies in adopting cleaner energy solutions. Construction of the production facility is set to start in Spring 2022, with sales beginning Summer 2023. The initiative is expected to eliminate 25,000 tons of CO2 emissions annually and is backed by a long-term sales agreement with an international petrochemicals firm.
Rayonier Advanced Materials (NYSE: RYAM) has achieved International Sustainability and Carbon Certification Plus (ISCC+) for its Fernandina Beach facility. This certification enables RYAM's customers to procure ISCC+ certified High Purity Cellulose, aligning with sustainability goals in their markets. The ISCC+ certification may be expanded to other facilities in response to rising customer demand. Vito Consiglio, CEO, emphasized the company's commitment to sustainable production and high-quality biobased products.
Rayonier Advanced Materials Inc. (NYSE: RYAM) announced Vito J. Consiglio as the new President and CEO, effective January 1, 2022. Consiglio takes over from Paul G. Boynton, who is retiring after over ten years in his role. The Board of Directors emphasized a thorough search for a candidate with the expertise to drive growth in the specialty materials sector. With a proven commercial track record, Consiglio aims to enhance demand for the company's bio-based solutions, leveraging RYAM's strong assets and technical support capabilities.
Rayonier Advanced Materials (NYSE:RYAM) has appointed Joshua C. Hicks as Senior Vice President of High Purity Cellulose. Hicks, with nearly 20 years of experience, previously led a $1.3 billion division at Univar Solutions. His expertise in specialty chemicals is expected to enhance Rayonier's High Purity Cellulose business, focusing on innovative and sustainable products. Hicks holds a degree in chemical engineering and an MBA. Rayonier operates in the U.S., Canada, and France, generating approximately $1.3 billion in revenue while employing over 2,500 people.
