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. reports on a cellulose and derivatives business that produces specialty cellulose, viscose pulp, fluff pulp, high-yield pulp, paperboard, biofuels, bioelectricity and lignin from wood fiber. Company news commonly covers quarterly operating results, pricing and volume trends, debt and leverage measures, segment reporting changes, and demand conditions in end markets such as filters, food, pharmaceuticals, high-performance plastics, propellants and industrial applications.
Updates also address manufacturing activity across operations in the United States, Canada and France, including facility events, capital-allocation decisions, strategic-review disclosures, leadership transitions and investor presentations.
Rayonier Advanced Materials (RYAM) announced a private offering of $500 million in senior secured notes due 2026, which aims to repay existing obligations under its senior secured credit agreement. The notes will be guaranteed by RYAM and certain subsidiaries and will only be offered to qualified institutional buyers and non-U.S. persons. This offering is not an offer to sell or a solicitation to buy securities and is subject to various regulatory conditions.
Rayonier Advanced Materials (RYAM) reported a third-quarter income of $29 million or $0.45 per diluted share, a significant improvement from a loss of $14 million in the prior year. Year-to-date, the net loss was reduced to $9 million from $62 million. Key factors included rising lumber prices and enhanced efficiency in High Purity Cellulose operations. The company noted ongoing challenges due to COVID-19 but expressed optimism due to signs of recovery in various markets. They have suspended guidance due to uncertainty regarding the economic recovery.
Rayonier Advanced Materials Inc. (NYSE:RYAM) will release its Q3 2020 earnings on November 4, 2020. A conference call will follow on November 5, 2020, at 9:30 a.m. ET to discuss the results. Investors can access the live webcast at www.rayonieram.com. The earnings report is expected to provide insights into the company's performance, which generates around $1.8 billion in revenue and employs over 4,000 people globally. Detailed supplemental materials will be available for investors.
Rayonier Advanced Materials (RYAM) will release its third quarter 2020 earnings on November 3, 2020, after market close. A conference call is scheduled for November 4, 2020, at 9:00 a.m. ET to discuss the results, with supplemental materials available at www.rayonieram.com. Investors can participate by dialing 877-407-8293 or 201-689-8349 for international calls. A replay will be available after the call until November 18, 2020.