Rayonier Advanced Matls Inc Stock Price, News & Analysis

Rayonier Advanced Materials (NYSE:RYAM) reported a loss from continuing operations for Q1 2021 of $27 million, or $0.43 per share, compared to a $25 million loss in Q1 2020. The decline was attributed to higher tax expenses but offset by increased lumber prices and stronger sales in High Purity Cellulose. The company announced the sale of its lumber and newsprint assets to GreenFirst for $214 million, which will help reduce debt and reinvest in core operations. Q1 net sales totaled $465 million, driven by strong performance in High Purity Cellulose and Forest Products segments.

Rayonier Advanced Materials Inc. (NYSE: RYAM) announced a strategic investment in Anomera Inc., the leading producer of Cellulose Nanocrystals (CNC) with a potential annual market exceeding $8 billion. The investment supports the construction of Anomera's Specialty Manufacturing Facility in Quebec, enhancing production capabilities of its eco-friendly products. RYAM increases its stake, becoming Anomera's largest shareholder, with a total investment of $8 million to date. Anomera's products, including DextraCel™ and ChromaPur™, cater to diverse industries, promoting sustainable alternatives to conventional materials.

Rayonier Advanced Materials (RYAM) will announce its Q1 2021 earnings on May 4, 2021, post-market. A subsequent conference call is scheduled for May 5, 2021, at 10:00 a.m. ET, to discuss these results. The call will be accessible via www.rayonieram.com. With over 4,000 employees, the company reported approximately $1.8 billion in revenues, specializing in cellulose-based technologies across various sectors.

Rayonier Advanced Materials (RYAM) has entered a binding asset purchase agreement with GreenFirst Forest Products to sell its lumber and newsprint facilities in Ontario and Québec for approximately US$214 million. This agreement includes 85% cash and 15% shares of GreenFirst. RYAM will also retain all cash generated by the assets and an estimated $110 million in softwood lumber duties. The deal will be finalized in the second half of 2021, pending regulatory approvals. This strategic divestment allows RYAM to focus on its core high purity cellulose business and reduce debt.

Rayonier Advanced Materials (NYSE:RYAM) reported a strong turnaround in Q4 2020 with income from continuing operations of $9 million ($0.14 per diluted share), compared to a loss of $57 million in Q4 2019. Full-year net income was $0 million, improving from a loss of $119 million. Key drivers included higher prices for lumber and High Purity Cellulose, as well as lower operational costs. The company completed a refinancing, boosting liquidity to $215 million. Despite challenges from COVID-19, Rayonier is positioned for growth in 2021 with expected improvements in pricing and production capabilities across its segments.

Rayonier Advanced Materials (NYSE:RYAM) is set to release its fourth quarter 2020 earnings on February 24, 2021, after market close. A conference call will follow on February 25, 2021, at 10:00 a.m. ET to discuss the results, with supplemental materials available on the company's website. Rayonier, a leader in cellulose-based technologies, generates approximately $1.8 billion in revenue and employs over 4,000 individuals across manufacturing operations in the U.S., Canada, and France.

Rayonier Advanced Materials (NYSE:RYAM) has announced management changes in its High Purity Cellulose segment. Dr. Christoph Koenig is now responsible for all sales in this sector, while Tomas Fernandez will lead marketing, customer service, sustainability, and strategic initiatives. Both leaders bring over 25 years of experience in specialty chemicals. CEO Paul Boynton expressed confidence in a seamless transition following Frank's successful leadership over the past 18 months. The company generates approximately $1.8 billion in revenue and employs over 4,000 people globally.

Rayonier Advanced Materials (NYSE: RYAM) has successfully closed a private offering of $500 million in 7.625% senior secured notes due 2026. The offering, priced at 100% of the principal amount, aims to enhance liquidity. Additionally, RYAM closed a five-year senior secured asset-based revolving credit facility of $200 million. The proceeds from the notes will be used to repay existing senior secured credit obligations. This strategic move is designed to strengthen the company's financial footing while navigating future market conditions.

Rayonier Advanced Materials (RYAM) has announced a private offering of $500 million in 7.625% senior secured notes due 2026. The proceeds will be utilized to repay outstanding obligations under its existing senior secured credit agreement, alongside cash on hand. The transaction is expected to close around December 23, 2020, contingent upon the repayment of existing obligations and the establishment of a new $200 million asset-based revolving credit facility. The notes will be guaranteed on a senior secured basis and marketed to qualified institutional buyers.