Rayonier Adv Materials Q1 2024 Adj EPS $(0.02) Beats $(0.10) Estimate, Sales $388.000M Miss $429.700M Estimate

5/7/24 4:59:29 PM ET

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Rayonier Adv Materials (NYSE:RYAM) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.10) by 80 percent. This is a 140 percent decrease over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $388.000 million which missed the analyst consensus estimate of $429.700 million by 9.70 percent. This is a 16.92 percent decrease over sales of $467.000 million the same period last year.

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Recent Analyst Ratings for
$RYAM

Date	Price Target	Rating	Analyst
5/11/2023	$7.00	Sector Perform → Outperform	RBC Capital Mkts
1/10/2023	$9.00 → $8.00	Outperform → Sector Perform	RBC Capital Mkts
7/18/2022	$6.00 → $5.00	Sector Perform → Outperform	RBC Capital Mkts
4/7/2022	$8.00 → $6.00	Outperform → Sector Perform	RBC Capital Mkts
12/15/2021	$9.50 → $6.50	Buy → Underperform	BofA Securities
8/5/2021	$9.00 → $10.00	Sector Perform → Outperform	RBC Capital

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RYAM Raises €67 million Green Capital to Invest in its Biomaterials Strategy
Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company" or "RYAM"), the global leader in High Purity Cellulose, announced it has raised a €67 million in green capital. The financing includes €37 million in secured term loans from French banks Crédit Lyonnais, Arkéa Banque, and BNP Paribas at an initial floating rate of approximately 5 percent, maturing in seven years. An additional €30 million in preferred equity will be provided by Swen Capital Partners through its strategy SWEN Impact Fund for Transition 3 for a 20% stake in the newly formed subsidiary, RYAM BioNova S.A.S. SWEN's investment in BioNova reflects a valuation of greater than $160 million for the new entity. Proceeds fro
11/12/24 4:30:00 PM ET
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RYAM Announces Strong Third Quarter 2024 Results, Reiterates EBITDA Guidance, Increases Free Cash Flow Guidance and Successfully Refinances its Capital Structure
Net sales for the third quarter of $401 million, up $32 million from prior year quarter Loss from continuing operations for the third quarter of $33 million, a decline of $6 million from prior year quarter, inclusive of a non-cash asset impairment of $25 million and indefinite suspension charges of $7 million Adjusted EBITDA from continuing operations for the third quarter of $51 million, up $27 million from prior year quarter Total debt of $773 million; Net Secured Debt of $622 million with a covenant net secured leverage ratio of 2.8 times 2024 Adjusted EBITDA guidance of $205 million to $215 million, including impact from fire in Jesup plant 2024 Adjusted Free Cash Flow guidan
11/5/24 4:15:00 PM ET
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RYAM Announces Expiration of Cash Tender Offer for Any and All of Rayonier A.M. Products' 7.625% Senior Secured Notes due 2026
Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company" or "RYAM"), the global leader in High Purity Cellulose, and its wholly-owned subsidiary, Rayonier A.M. Products Inc. (the "Issuer"), announced today that the previously-announced cash tender offer by the Issuer to purchase any and all of the Issuer's outstanding 7.625% Senior Secured Notes due 2026 (the "notes") expired at 5:00 p.m., New York City time, on November 4, 2024 (such time and date, the "Expiration Date"), pursuant to the terms of the offer to purchase, dated as of October 29, 2024 (the "Offer to Purchase"), and the notice of guaranteed delivery attached thereto (the "Notice of Guaranteed Delivery"). As of the Expiration
11/5/24 8:00:00 AM ET
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Financials

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RYAM Announces Strong Third Quarter 2024 Results, Reiterates EBITDA Guidance, Increases Free Cash Flow Guidance and Successfully Refinances its Capital Structure
Net sales for the third quarter of $401 million, up $32 million from prior year quarter Loss from continuing operations for the third quarter of $33 million, a decline of $6 million from prior year quarter, inclusive of a non-cash asset impairment of $25 million and indefinite suspension charges of $7 million Adjusted EBITDA from continuing operations for the third quarter of $51 million, up $27 million from prior year quarter Total debt of $773 million; Net Secured Debt of $622 million with a covenant net secured leverage ratio of 2.8 times 2024 Adjusted EBITDA guidance of $205 million to $215 million, including impact from fire in Jesup plant 2024 Adjusted Free Cash Flow guidan
11/5/24 4:15:00 PM ET
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RYAM Schedules Third Quarter Earnings Release
Rayonier Advanced Materials (NYSE:RYAM) plans to release its third quarter 2024 earnings on Tuesday, November 5, 2024, after the market closes. RYAM will host a conference call and live webcast at 9:00 a.m. ET on Wednesday, November 6, 2024, to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.RYAM.com. A replay of this webcast will be archived on the company's website shortly after the call. Investors may listen to the conference call by dialing 877-407-8293, no passcode required. For international parties, dial 201-689-8349. A replay of the teleconference will be available one hour after the call ends until 6:00 p.m. ET on Wednes
10/23/24 4:57:00 PM ET
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RYAM Announces Strong Second Quarter 2024 Results
Increases 2024 EBITDA and Free Cash Flow Guidance Net sales for the second quarter of $419 million, up $34 million from prior year quarter Income from continuing operations for the second quarter of $8 million, up $24 million from prior year quarter Adjusted EBITDA from continuing operations for the second quarter of $68 million, up $41 million from prior year quarter, including $10 million of CEWS benefits recognized Total debt of $778 million; Net Secured Debt of $659 million with a covenant net secured debt ratio of 3.4 times 2024 Adjusted EBITDA guidance increased to $205 million to $215 million 2024 Adjusted Free Cash Flow guidance increased to $100 million to $110 mi
8/6/24 5:17:00 PM ET
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Rayonier Advanced Materials Appoints De Lyle W. Bloomquist as President and Chief Executive Officer
Lisa M. Palumbo Named Non-Executive Chair of the Board Company Reaffirms Second Quarter and Full Year 2022 EBITDA Guidance Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company") today announced that De Lyle W. Bloomquist has been appointed President and Chief Executive Officer of the Company, effective immediately. Mr. Bloomquist succeeds Vito J. Consiglio, who has stepped down as President and Chief Executive Officer of the Company, and as a member of the Company's Board of Directors (the "Board"), with the mutual agreement of the Board. In connection with Mr. Bloomquist's appointment, the Board named Lisa M. Palumbo as Non-Executive Chair of the Board. Mr. Bloomquist has served o
5/31/22 6:55:00 AM ET
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Rayonier Advanced Materials Announces Election of Vito J. Consiglio as President and CEO; Paul G. Boynton to Retire and Support Transition as Vice Chair
Rayonier Advanced Materials Inc. (NYSE:RYAM) today announced that its Board of Directors elected Vito J. Consiglio to succeed Paul G. Boynton as President and Chief Executive Officer and Board member effective January 1, 2022. Mr. Boynton, who has served as President and CEO since the Company's spin-off in 2014, announced his decision to retire from the Company, and, as part of the leadership transition, he will assume the role of Vice Chair of the Board until the May 2022 Annual Meeting. "In 2021, the Board of Directors commenced an extensive and well-planned search for a CEO candidate with the expertise and ability to effectively capitalize on the Company's tremendous growth potential,"
12/6/21 6:50:00 AM ET
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Element Fleet Announces Appointment of Frank Ruperto as Chief Financial Officer
TORONTO, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest pure-play automotive fleet manager in the world, announced that it has appointed Frank Ruperto as Chief Financial Officer. Mr. Ruperto will join Element as EVP Finance and assume the role of CFO effective immediately upon Vito Culmone’s departure in accordance with the Company’s previously announced CFO succession plan. Mr. Ruperto brings to Element 30 years of experience in business and finance, with deep expertise as a public-company CFO. His proven capabilities also span strategic planning, investor relations, commercial and operations leadership and enterpri
1/13/21 7:00:00 AM ET
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Rayonier Adv Materials Q1 2024 Adj EPS $(0.02) Beats $(0.10) Estimate, Sales $388.000M Miss $429.700M Estimate

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Recent Analyst Ratings for $RYAM

$RYAM Press Releases

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RYAM Raises €67 million Green Capital to Invest in its Biomaterials Strategy

RYAM Announces Strong Third Quarter 2024 Results, Reiterates EBITDA Guidance, Increases Free Cash Flow Guidance and Successfully Refinances its Capital Structure

RYAM Announces Expiration of Cash Tender Offer for Any and All of Rayonier A.M. Products' 7.625% Senior Secured Notes due 2026

$RYAM Insider Trading

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SEC Form 3 filed by new insider Bowen Eric

SEC Form 4 filed by Director Bowen Eric

SEC Form 4 filed by Smith Ivona (Amendment)

$RYAM Financials

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RYAM Announces Strong Third Quarter 2024 Results, Reiterates EBITDA Guidance, Increases Free Cash Flow Guidance and Successfully Refinances its Capital Structure

RYAM Schedules Third Quarter Earnings Release

RYAM Announces Strong Second Quarter 2024 Results

$RYAM Large Ownership Changes

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SEC Form SC 13G/A filed by Rayonier Advanced Materials Inc. (Amendment)

SEC Form SC 13G/A filed by Rayonier Advanced Materials Inc. (Amendment)

SEC Form SC 13G/A filed by Rayonier Advanced Materials Inc. (Amendment)

$RYAM Analyst Ratings

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Rayonier Adv. Materials upgraded by RBC Capital Mkts with a new price target

Rayonier Adv. Materials downgraded by RBC Capital Mkts with a new price target

Rayonier Adv. Materials upgraded by RBC Capital Mkts with a new price target

$RYAM SEC Filings

Rayonier Advanced Materials Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits

Rayonier Advanced Materials Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Other Events, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

Rayonier Advanced Materials Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

$RYAM Leadership Updates

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Rayonier Advanced Materials Appoints De Lyle W. Bloomquist as President and Chief Executive Officer

Rayonier Advanced Materials Announces Election of Vito J. Consiglio as President and CEO; Paul G. Boynton to Retire and Support Transition as Vice Chair

Element Fleet Announces Appointment of Frank Ruperto as Chief Financial Officer

$RYAM Market Insights

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Rayonier Advanced Materials Sees 2024 Adj. Free Cash Flow $80M-$100M