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

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,"

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

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

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

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

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

Reaffirms 2024 EBITDA and Increases Free Cash Flow Guidance Net sales for the first quarter of $388 million, down $79 million from prior year quarter Net loss for the first quarter of $2 million, a decline of $4 million from prior year quarter Adjusted EBITDA for the first quarter of $52 million, up $1 million from prior year quarter Total debt of $779 million; Net Secured Debt of $721 million with a net secured debt ratio of 4.4 times 2024 Adjusted EBITDA guidance of $180 million to $200 million 2024 Adjusted Free Cash Flow guidance increased to $80 million to $100 million Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company") today reported results for its

Rayonier Advanced Materials (NYSE:RYAM) plans to release its first quarter 2024 earnings on Tuesday, May 7, 2024, after the market closes. RYAM will host a conference call and live webcast at 9:00 a.m. ET on Wednesday, May 8, 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 Wednesday, May

Net sales for 2023 of $1,643 million, down $74 million from the prior year Loss from continuing operations for 2023 of $102 million inclusive of a $62 million non-cash impairment, down $75 million from the prior year Adjusted EBITDA from continuing operations for 2023 of $139 million Year-to-date cash provided by operating activities of $136 million; total debt of $777 million, a reduction of $76 million Adjusted Free Cash Flow year-to-date generation of $53 million; Net Secured Debt of $698 million Remained in compliance with our debt covenants with a net secured debt ratio of 4.2 times 2024 Adjusted EBITDA guidance of $180 million to $200 million expected to drive

Rayonier Advanced Materials (NYSE:RYAM) plans to release its fourth quarter 2023 earnings on Tuesday, February 27, 2024, after the market closes. RYAM will host a conference call and live webcast at 9:00 a.m. ET on Wednesday, February 28, 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 W

Updates 2023 EBITDA and Raises Free Cash Flow Guidance Loss from continuing operations for the third quarter of $27 million, down $45 million from prior year quarter Adjusted EBITDA from continuing operations for the third quarter of $24 million Year-to-date cash provided by operating activities of $82 million; total debt of $749 million Adjusted Free Cash Flow year-to-date generation of $27 million; Net Debt of $743 million Updates 2023 Adjusted EBITDA guidance to approximately $150 million Raises 2023 Adjusted Free Cash Flow guidance to $65 million to $75 million with additional deleveraging from potential sale of passive assets Rayonier Advanced Materials Inc. (NYSE:

Rayonier Advanced Materials (NYSE:RYAM) plans to release its third quarter 2023 earnings on Tuesday, November 7, 2023, after the market closes. RYAM will host a conference call and live webcast at 9:00 a.m. ET on Wednesday, November 8, 2023, 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 Wedn

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

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

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

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

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

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

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

Rayonier Advanced Materials Inc. (NYSE:RYAM) ("RYAM"), a leader in High Purity Cellulose, announced today that power has been fully restored to its Jesup, Georgia site and that the A Line has restarted operations. The A Line, which primarily produces cellulose specialties for use in filtration, food and pharmaceuticals, and tire cord, is currently operating at approximately 80 percent capacity, with an anticipated ramp-up to full capacity within a week. Repair work on the B line is ongoing and is expected to be completed with a restart on or around October 28. The Company continues to assess the financial cost of the incident along with any potential insurance recovery. Further financial u

Rayonier Advanced Materials Inc. (NYSE:RYAM) ("RYAM"), a leader in High Purity Cellulose, reported that an isolated fire occurred at its Jesup, Georgia facility on October 11 at approximately 6 p.m. during planned maintenance activity. Thanks to the swift action of internal emergency response teams and local firefighters, the fire was quickly contained with no injuries to employees or contractors and no risk to the surrounding community. The Company is thoroughly investigating the event's causes in close collaboration with relevant experts and authorities. The Jesup plant is the Company's largest facility, with a production capacity of 330,000 metric tons of cellulose specialties (A and B

Altamaha Green Energy (AGE), a joint venture between Beasley Green Power, LLC and Rayonier Advanced Materials (RYAM), announced that the Georgia Public Service Commission has certified a Power Purchase Agreement for AGE to produce and sell up to 70 MW of electricity to Georgia Power Company for a 30-year period. This approval marks a significant milestone in AGE's development of a renewable energy project aimed at producing sustainable electricity for the state of Georgia. "Altamaha Green Energy was formed in response to Georgia Power's competitive and public bidding process for renewable energy solutions," said Darrell Beasley, Chairman of AGE. "Combining our extensive expertise in renewa