RYAM Announces Strong Preliminary 2024 Financial Results and Provides Update on Tariffs
Rayonier Advanced Materials (RYAM) released preliminary financial results for fiscal year 2024, showing mixed performance. Net sales reached $1,639 million, slightly down by $4 million year-over-year, while loss from continuing operations improved by $59 million to $43 million.
Adjusted EBITDA saw significant growth, increasing 60% to $222 million from $139 million in 2023, with margin improving to 13.5% from 8.5%. The company generated $205 million in operating cash flow, up $69 million from prior year, and achieved $130 million in adjusted free cash flow.
Looking ahead to 2025, RYAM projects mid-single-digit percentage increases in Cellulose Specialties prices, though volumes are expected to decline due to Temiscaming plant suspension. The company faces potential impacts from proposed 25% tariffs on Canadian Paperboard exports to the U.S., which could affect up to $3.5 million monthly.
Rayonier Advanced Materials (RYAM) ha pubblicato i risultati finanziari preliminari per l'anno fiscale 2024, mostrando prestazioni miste. Le vendite nette hanno raggiunto 1.639 milioni di dollari, in calo di 4 milioni di dollari rispetto all'anno precedente, mentre la perdita dalle operazioni continuative è migliorata di 59 milioni a 43 milioni di dollari.
L'EBITDA rettificato ha visto una crescita significativa, aumentando del 60% a 222 milioni di dollari rispetto ai 139 milioni del 2023, con un margine migliorato al 13,5% rispetto all'8,5%. L'azienda ha generato 205 milioni di dollari in flusso di cassa operativo, in aumento di 69 milioni rispetto all'anno precedente, e ha raggiunto 130 milioni di dollari in flusso di cassa libero rettificato.
Guardando avanti al 2025, RYAM prevede un aumento delle percentuali a cifra singola media nei prezzi delle Specialità di Cellulosa, anche se i volumi sono previsti in calo a causa della sospensione dell'impianto di Temiscaming. L'azienda si trova ad affrontare potenziali impatti da tariffe proposte del 25% sulle esportazioni di cartone canadese verso gli Stati Uniti, che potrebbero influenzare fino a 3,5 milioni di dollari mensili.
Rayonier Advanced Materials (RYAM) publicó resultados financieros preliminares para el año fiscal 2024, mostrando un desempeño mixto. Las ventas netas alcanzaron 1,639 millones de dólares, ligeramente a la baja en 4 millones de dólares en comparación con el año anterior, mientras que la pérdida de operaciones continuas mejoró en 59 millones a 43 millones de dólares.
El EBITDA ajustado vio un crecimiento significativo, aumentando un 60% a 222 millones de dólares desde 139 millones en 2023, con un margen que mejoró al 13.5% desde el 8.5%. La compañía generó 205 millones de dólares en flujo de efectivo operativo, un aumento de 69 millones respecto al año anterior, y alcanzó 130 millones en flujo de caja libre ajustado.
De cara a 2025, RYAM proyecta aumentos porcentuales de un solo dígito medio en los precios de Especialidades de Celulosa, aunque se espera que los volúmenes disminuyan debido a la suspensión de la planta de Temiscaming. La compañía enfrenta posibles impactos por tarifas propuestas del 25% sobre las exportaciones de cartón canadiense a EE. UU., lo que podría afectar hasta 3.5 millones de dólares mensuales.
레이오니어 어드밴스드 머티리얼스 (RYAM)는 2024 회계연도의 초기 재무 결과를 발표했으며, 수익이 혼재된 성과를 보였습니다. 순매출은 16억 3900만 달러에 달했으며, 전년 대비 400만 달러 감소하였고, 계속 운영에서의 손실은 5900만 달러 개선되어 4300만 달러에 달했습니다.
조정 EBITDA는 상당한 성장을 보여주며, 2023년 1억 3900만 달러에서 2억 2200만 달러로 60% 증가했으며, 마진도 8.5%에서 13.5%로 개선되었습니다. 회사는 2억 500만 달러의 운영 현금을 창출했으며, 이는 전년보다 6900만 달러 증가한 금액이고, 1억 3000만 달러의 조정 자유 현금 흐름을 달성했습니다.
2025년을 향한 전망으로 RYAM은 셀룰로오스 전문 제품 가격에서 중간 한 자릿수 퍼센트의 증가를 예상하고 있지만, 테미스카밍 공장 정지로 인해 물량은 감소할 것으로 예상됩니다. 이 회사는 캐나다 골판지 수출에 대한 25% 관세 제안으로 인해 최대 월 350만 달러에 영향을 미칠 가능성이 있습니다.
Rayonier Advanced Materials (RYAM) a publié des résultats financiers préliminaires pour l'exercice 2024, montrant des performances mixtes. Les ventes nettes ont atteint 1,639 milliard de dollars, en léger recul de 4 millions de dollars par rapport à l'année précédente, tandis que la perte des opérations continuées s'est améliorée de 59 millions à 43 millions de dollars.
L'EBITDA ajusté a connu une croissance significative, augmentant de 60% pour atteindre 222 millions de dollars contre 139 millions en 2023, avec une marge améliorée à 13,5% contre 8,5%. L'entreprise a généré 205 millions de dollars de flux de trésorerie opérationnel, en hausse de 69 millions par rapport à l'année précédente, et a atteint 130 millions de dollars de flux de trésorerie libre ajusté.
En prévision de 2025, RYAM prévoit des augmentations de prix à un chiffre moyen dans les spécialités de cellulose, bien que les volumes devraient diminuer en raison de la suspension de l'usine de Temiscaming. L'entreprise fait face à de potentielles conséquences des tarifs proposés de 25% sur les exportations de carton canadien vers les États-Unis, ce qui pourrait avoir un impact de jusqu'à 3,5 millions de dollars par mois.
Rayonier Advanced Materials (RYAM) hat vorläufige Finanzzahlen für das Geschäftsjahr 2024 veröffentlicht, die gemischte Leistungen zeigen. Der Nettoumsatz erreichte 1.639 Millionen US-Dollar, was einem Rückgang um 4 Millionen US-Dollar im Vergleich zum Vorjahr entspricht, während sich der Verlust aus fortgeführten Betrieben um 59 Millionen auf 43 Millionen US-Dollar verbesserte.
Das bereinigte EBITDA verzeichnete ein erhebliches Wachstum und stieg um 60% auf 222 Millionen US-Dollar von 139 Millionen US-Dollar im Jahr 2023, wobei sich die Marge von 8,5% auf 13,5% verbesserte. Das Unternehmen erzielte 205 Millionen US-Dollar an operativem Cashflow, was einem Anstieg von 69 Millionen US-Dollar gegenüber dem Vorjahr entspricht, und erreichte 130 Millionen US-Dollar an bereinigtem freien Cashflow.
Für 2025 erwartet RYAM einen Anstieg der Preise für Zellulose-Spezialitäten im mittleren einstelligen Prozentbereich, obwohl die Volumina aufgrund der Stilllegung des Temiscaming-Werks voraussichtlich zurückgehen werden. Das Unternehmen sieht sich potenziellen Auswirkungen von vorgeschlagenen 25%-Zöllen auf kanadische Kartonexporte in die USA gegenüber, die sich auf bis zu 3,5 Millionen US-Dollar monatlich auswirken könnten.
- Adjusted EBITDA increased 60% to $222 million
- Operating cash flow improved by $69 million to $205 million
- Adjusted free cash flow grew by $77 million to $130 million
- Net secured debt reduced by $73 million
- Projected mid-single-digit price increase for Cellulose Specialties in 2025
- Net sales declined by $4 million year-over-year
- Continuing operations loss of $43 million
- Expected decline in 2025 Cellulose Specialties volumes due to plant suspension
- Potential $3.5 million monthly impact from proposed 25% tariffs on Canadian exports
Insights
RYAM's 2024 financial results reveal a compelling turnaround story, with several key metrics pointing to improved operational efficiency and financial health. The 60% surge in Adjusted EBITDA to
The company's robust cash generation is particularly noteworthy, with operating cash flow of
Looking ahead to 2025, the projected mid-single-digit increase in Cellulose Specialties prices aligns with the company's "value over volume" strategy, potentially offsetting volume declines from the Temiscaming plant suspension. However, the looming
Financial Highlights:
-
Net Sales:
$1,639 million $4 million -
Loss from Continuing Operations:
$43 million $59 million -
Adjusted EBITDA:
$222 million 60% increase from$139 million -
Adjusted EBITDA Margin:
13.5% , an improvement from8.5% in 2023 primarily reflecting the improved High Purity Cellulose sales mix towards Cellulose Specialties, lower unit production costs, and enhanced operational efficiencies driven by targeted cost-saving initiatives -
Cash Provided by Operating Activities:
$205 million $69 million -
Adjusted Free Cash Flow:
$130 million $77 million -
Net Secured Leverage: 2.7x covenant EBITDA versus the covenant of 5.0x. Net secured debt was reduced by
$73 million - 2025 Cellulose Specialties Outlook: 2025 Cellulose Specialties average sales prices are projected to increase mid-single-digit percentage from 2024 levels, in line with RYAM’s “value over volume” strategy. 2025 Cellulose Specialties sales volumes are expected to decline versus 2024 levels due to the indefinite suspension of the Temiscaming High Purity Cellulose plant; however, 2025 revenue is expected to be flat to 2024 levels
While the situation is dynamic, RYAM is actively assessing the impact of tariffs, particularly on its Canadian derived revenues. In 2024, approximately
Additional details will be provided during the Company’s upcoming earnings call.
About RYAM
RYAM is a global leader in the production of cellulose-based products, specializing in high purity cellulose specialties, a plant-based polymer commonly used in the production of filters, food, pharmaceuticals, and other industrial applications. RYAM’s specialized assets are also used to produce biofuels, bioelectricity, and other biomaterials such as bioethanol and tall oils. The company also manufactures products for the paper and packaging markets. With manufacturing operations in the
Forward-Looking Statements
Certain statements in this document regarding anticipated financial, business, legal, or other outcomes, including business and market conditions, outlook, and other similar statements relating to Rayonier Advanced Materials’ or future or expected events, developments, or financial or operational performance or results, are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as "may," "will," "should," "expect," "estimate," "believe," "intend," "anticipate," and other similar language. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events, and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that these expectations will be attained. It is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.
Other important factors that could cause actual results or events to differ materially from those expressed in forward-looking statements that may have been made in this document are described or will be described in our filings with the
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Media
Ryan Houck
904-357-9134
Investors
Mickey Walsh
904-357-9162
Source: Rayonier Advanced Materials Inc.
FAQ
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