Rayonier Adv Materials Q4 2023 Adj EPS $(0.22) Misses $(0.07) Estimate, Sales $422.00M Beat $410.27M Estimate

2/27/24 4:51:46 PM ET

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Basic Materials

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Rayonier Adv Materials (NYSE:RYAM) reported quarterly losses of $(0.22) per share which missed the analyst consensus estimate of $(0.07) by 214.29 percent. The company reported quarterly sales of $422.00 million which beat the analyst consensus estimate of $410.27 million by 2.86 percent. This is a 15.60 percent decrease over sales of $500.00 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
Financials

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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
$RYAM
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Basic Materials
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
$RYAM
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Basic Materials
RYAM Schedules Second Quarter Earnings Release
Rayonier Advanced Materials (NYSE:RYAM) plans to release its second quarter 2024 earnings on Tuesday, August 6, 2024, after the market closes. RYAM will host a conference call and live webcast at 9:00 a.m. ET on Wednesday, August 7, 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 800-715-9871, no passcode required. For international parties, dial 646-307-1963, Conference ID 3242908. A replay of the teleconference will be available one hour after the call ends until
7/23/24 4:30:00 PM ET
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RYAM Raises $700 million of Debt to Refinance its Capital Structure
Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company" or "RYAM"), the global leader in High Purity Cellulose, announced it has raised $700 million in aggregate principal amount of secured term loan financing (the "Term Loan") from funds managed by Oaktree Capital Management, L.P., as lead lender, as well as certain affiliates and managed funds of Silver Point Capital, L.P. and Blue Torch Capital LLC. Proceeds from the Term Loan, along with cash from the Company's balance sheet are expected to be used to purchase, defease and redeem RYAM's existing 2026 senior secured notes, to repay RYAM's existing 2027 secured term loan financing in full and to pay related fees and expenses. "We are
10/29/24 8:03:00 AM ET
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Basic Materials
RYAM Announces Commencement 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 Issuer has commenced a cash tender offer to purchase any and all of the Issuer's outstanding 7.625% Senior Secured Notes due 2026 (the "notes"). As of October 29, 2024, the Issuer had $452,640,000 aggregate principal amount of notes outstanding. The tender offer is being made pursuant to an offer to purchase, dated as of October 29, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), and a notice of guaranteed delivery attached thereto (the
10/29/24 8:00:00 AM ET
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Basic Materials
RYAM's Jesup Facility Resumes Full Production Ahead of Schedule
Rayonier Advanced Materials Inc. (NYSE:RYAM) ("RYAM"), a leader in High Purity Cellulose, today announced that its Jesup, Georgia facility has fully resumed operations ahead of schedule, following an isolated fire on October 11. All production lines have returned to producing on-grade material at full capacity. "We are pleased to report that our Jesup facility is back to full production," said De Lyle Bloomquist, President and Chief Executive Officer of RYAM. "Our dedicated teams worked tirelessly to restore operations quickly and safely, ensuring we continue to meet the needs of our customers." The Company continues to assess the financial impact of the incident, including potential insu
10/25/24 10:28:00 AM ET
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Basic Materials

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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Basic Materials
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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Basic Materials
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
$RYAM
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Basic Materials

Rayonier Adv Materials Q4 2023 Adj EPS $(0.22) Misses $(0.07) Estimate, Sales $422.00M Beat $410.27M Estimate

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Recent Analyst Ratings for $RYAM

$RYAM Market Insights

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

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

RYAM Announces Sale Of Softwood Duty Refund Rights for $39M

$RYAM Financials

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RYAM Schedules Third Quarter Earnings Release

RYAM Announces Strong Second Quarter 2024 Results

RYAM Schedules Second Quarter Earnings Release

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RYAM Raises $700 million of Debt to Refinance its Capital Structure

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

RYAM's Jesup Facility Resumes Full Production Ahead of Schedule

$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 SEC Filings

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

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

Rayonier Advanced Materials Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

$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

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$RYAM Insider Trading

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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

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)

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