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.
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Rayonier Advanced Materials (RYAM) is set to release its first quarter 2023 earnings on May 9, 2023, after the market closes. A conference call will be held on May 10, 2023, at 9:00 a.m. EDT, to discuss the results. Investors can access the live audio webcast on the company’s website, with a replay available shortly after. RYAM is a leader in cellulose-based technologies, generating approximately $1.7 billion in revenue in 2022 and employing over 2,500 people across manufacturing operations in the U.S., Canada, and France. Further details can be found on RYAM's website.
Rayonier Advanced Materials Inc. (NYSE:RYAM) has appointed Michael Osborne as Vice President of Manufacturing effective April 10, 2023, succeeding Bill Manzer, who will retire in March 2024. Osborne brings over 30 years of manufacturing experience, previously serving as Vice President of Global Manufacturing at Kraton Pine Chemicals. His academic qualifications include a BS in Chemistry, an MS in Chemical Engineering, and an MBA. Manzer, with RYAM for over twelve years, will assist in the transition while completing ongoing projects. RYAM aims to advance its Biofuture initiative focused on sustainable product development. The company reported revenues of approximately $1.7 billion in 2022 and operates manufacturing facilities in the U.S., Canada, and France.
Rayonier Advanced Materials (NYSE:RYAM) announced that President and CEO Lyle W. Bloomquist will present at the Gabelli Funds 14th Annual Specialty Chemicals Symposium on Thursday, March 16, 2023, at 1:00 PM ET. RYAM is a leader in cellulose-based technologies, focusing on high purity cellulose specialties used in various industries including food and pharmaceuticals. The company operates in the U.S., Canada, and France, employs over 2,500 individuals, and generated approximately $1.7 billion in revenue in 2022. For further details, visit www.RYAM.com.
Rayonier Advanced Materials (NYSE:RYAM) announces that Chief Financial Officer Marcus J. Moeltner will present at the 2023 J.P. Morgan Global High Yield & Leveraged Finance Conference on March 6, 2023. This event will also include meetings with investors. RYAM is a leader in cellulose-based technologies, catering to sectors like pharmaceuticals, food, and industrial applications. In 2022, the company generated approximately $1.7 billion in revenue and employs over 2,500 people across manufacturing sites in the U.S., Canada, and France. More information can be found on their website.
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Rayonier Advanced Materials (RYAM) reported a strong fourth quarter 2022 with net sales of $500 million, a 34% increase year-over-year. Income from continuing operations reached $4 million, up 114%, while adjusted EBITDA improved 104% to $55 million. For the full year, RYAM showed a 46% reduction in losses, with adjusted EBITDA of $177 million, up 39%. The company forecasts 2023 adjusted EBITDA between $200 million and $215 million, expecting $30 million to $60 million in adjusted free cash flow. RYAM aims to decrease net debt to trailing adjusted EBITDA to 3.5 times by 2023, down from 4.0 times in 2022.
Rayonier Advanced Materials (RYAM) will release its fourth quarter 2022 earnings on February 27, 2023, after market close. A conference call is scheduled for February 28, 2023, at 9:00 a.m. EDT, to discuss the results. Investors can access the call by dialing 877-407-8293 in the U.S., or 201-689-8349 internationally. A replay will be available post-call until March 14, 2023. RYAM, a leader in cellulose-based technologies, generated an estimated $1.7 billion in revenue in 2022 and operates across the U.S., Canada, and France.
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