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Rayonier Advanced Materials Inc (RYAM.N)

RYAM.N on New York Stock Exchange

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21 Oct 2019
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Latest Key Developments (Source: Significant Developments)

Rayonier Advanced Materials Announces Suspension Of Dividend On Its Common Stock
Saturday, 7 Sep 2019 

Sept 6 (Reuters) - Rayonier Advanced Materials Inc ::RAYONIER ADVANCED MATERIALS ANNOUNCES SUSPENSION OF DIVIDEND ON ITS COMMON STOCK.RAYONIER ADVANCED MATERIALS - SUSPENDED CASH DIVIDEND ON COMMON STOCK OF COMPANY CITING NEED TO PRIORITIZE ITS CASH FLOW TO REPAY INDEBTEDNESS.RAYONIER ADVANCED MATERIALS - FOCUSED ON MANAGING THROUGH CURRENT CHALLENGING MARKET CONDITIONS THAT HAVE NEGATIVELY IMPACTED ITS OPERATING RESULTS..  Full Article

Rayonier Advanced Materials Reports Second Quarter 2019 Results
Thursday, 8 Aug 2019 

Aug 7 (Reuters) - Rayonier Advanced Materials Inc ::QTRLY NET SALES $488 MILLION VERSUS $542 MILLION .RAYONIER ADVANCED MATERIALS REPORTS SECOND QUARTER 2019 RESULTS.Q2 LOSS PER SHARE $0.37.Q2 EARNINGS PER SHARE ESTIMATE $-0.15 -- REFINITIV IBES DATA.Q2 REVENUE VIEW $489.3 MILLION -- REFINITIV IBES DATA.FOR 2019, CONTINUES TO EXPECT STABLE CELLULOSE SPECIALTIES PRICES TO BE LOWER BY APPROXIMATELY 1 TO 2 PERCENT.FOR FULL YEAR 2019 CELLULOSE SPECIALTIES VOLUMES ARE EXPECTED TO BE DOWN 4 TO 5 PERCENT.FOR FULL YEAR 2019 COMMODITY PRODUCT SALES PRICES ARE EXPECTED TO BE SIGNIFICANTLY LOWER IN SECOND HALF OF YEAR.WOOD COSTS ARE EXPECTED TO FURTHER DECLINE THROUGH REMAINDER OF YEAR.WILL NOT MEET 3 TIMES FIRST LIEN SECURED NET LEVERAGE TEST AS CURRENTLY REQUIRED UNDER CREDIT FACILITIES AT Q3 END.ABILITY TO CONTINUE AS A GOING CONCERN IS DEPENDENT ON ABILITY TO OBTAIN AMENDMENT OR REFINANCE CREDIT FACILITIES.  Full Article

Rayonier Advanced Materials Reports Q2 Loss Per Share $0.37
Thursday, 8 Aug 2019 

Aug 7 (Reuters) - Rayonier Advanced Materials Inc ::RAYONIER ADVANCED MATERIALS REPORTS SECOND QUARTER 2019 RESULTS.Q2 LOSS PER SHARE $0.37.Q2 EARNINGS PER SHARE ESTIMATE $-0.15 -- REFINITIV IBES DATA.QTRLY NET SALES $488 MILLION VERSUS $483 MILLION.Q2 REVENUE VIEW $489.3 MILLION -- REFINITIV IBES DATA.RAYONIER ADVANCED MATERIALS - FOR 2019, CONTINUES TO EXPECT STABLE CELLULOSE SPECIALTIES PRICES TO BE LOWER BY APPROXIMATELY 1 TO 2 PERCENT.FOR FULL YEAR 2019 CELLULOSE SPECIALTIES VOLUMES ARE EXPECTED TO BE DOWN 4 TO 5 PERCENT.FOR FULL YEAR 2019 COMMODITY PRODUCT SALES PRICES ARE EXPECTED TO BE SIGNIFICANTLY LOWER IN SECOND HALF OF YEAR.WOOD COSTS ARE EXPECTED TO FURTHER DECLINE THROUGH REMAINDER OF YEAR.  Full Article

Rayonier Advanced Materials Announces Sale Of Matane, Quebec Pulp Mill
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Rayonier Advanced Materials Inc ::RAYONIER ADVANCED MATERIALS ANNOUNCES SALE OF MATANE, QUEBEC PULP MILL.RAYONIER ADVANCED MATERIALS INC - PURCHASE PRICE OF APPROXIMATELY US$175 MILLION.RAYONIER ADVANCED MATERIALS INC - PROPOSED DEAL FOR PURCHASE PRICE OF APPROXIMATELY US$175 MILLION.RAYONIER - WILL CONTINUE TO MANUFACTURE AND SELL APPROXIMATELY 240,000 METRIC TONS PER YEAR OF HIGH-YIELD PULP OUT OF ITS TÉMISCAMING FACILITY..RAYONIER ADVANCED MATERIALS INC - CONTINUING ITS PREVIOUSLY-ANNOUNCED REVIEW OF ITS COMMODITY ASSET PORTFOLIO.RAYONIER ADVANCED MATERIALS INC - TO SELL ITS MATANE, QUEBEC PULP MILL AND RELATED ASSETS TO SAPPI LIMITED.  Full Article

Sappi Announces Proposed Acquisition Of Matane Mill From Rayonier Advanced Materials Group
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Sappi Ltd ::PROPOSED ACQUISITION BY SAPPI OF MATANE MILL FROM THE RAYONIER ADVANCED MATERIALS GROUP.SAPPI CANADA ENTERPRISES SIGNS AGREEMENT TO BUY MATANE HIGH YIELD HARDWOOD PULP MILL IN CANADA FROM RAYONIER ADVANCED MATERIALS FOR $175 MILLION.MATANE HIGH YIELD HARDWOOD PULP MILL HAS A CAPACITY OF 270 000 TONS PER ANNUM OF HIGH YIELD HARDWOOD PULP.TRANSACTION REPRESENTS AN OPPORTUNITY TO INCREASE SAPPI'S PULP INTEGRATION FOR BOTH ITS NORTH AMERICAN AND EUROPEAN PACKAGING BUSINESSES.SAPPI WILL FUND ACQUISITION THROUGH INTERNAL CASH RESOURCES AND AVAILABLE DEBT FACILITIES.INCREASED PULP INTEGRATION TO LOWER CO'S COSTS OF PULP, REDUCE VOLATILITY OF EARNINGS THROUGHOUT PULP CYCLE AND PROVIDE CERTAINTY OF SUPPLY.  Full Article

Rayonier Advanced Materials Announces Proposed Declassification Of Board Of Directors
Friday, 16 Nov 2018 

Nov 15 (Reuters) - Rayonier Advanced Materials Inc ::RAYONIER ADVANCED MATERIALS ANNOUNCES PROPOSED DECLASSIFICATION OF BOARD OF DIRECTORS AND ELIMINATION OF SUPERMAJORITY VOTING PROVISIONS.RAYONIER ADVANCED MATERIALS - 1ST PROPOSAL SEEKS STOCKHOLDER APPROVAL TO AMEND CHARTER TO DECLASSIFY BOARD & ALLOW FOR ANNUAL ELECTION OF DIRECTORS.RAYONIER ADVANCED MATERIALS - 2ND PROPOSAL SEEKS STOCKHOLDER APPROVAL TO AMEND CHARTER TO ELIMINATE SUPERMAJORITY VOTING REQUIREMENTS.  Full Article

Rayonier Advanced Materials Q3 Adjusted Earnings Per Share $0.54
Tuesday, 6 Nov 2018 

Nov 5 (Reuters) - Rayonier Advanced Materials Inc ::RAYONIER ADVANCED MATERIALS REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.54.Q3 EARNINGS PER SHARE $0.60.Q3 EARNINGS PER SHARE VIEW $0.64 -- THOMSON REUTERS I/B/E/S.EXPECTS TO CONTINUE ITS DIVIDEND AND SHARE REPURCHASES.ANTICIPATES WILL SPEND ABOUT $100 TO $110 MILLION IN MAINTENANCE CAPITAL EXPENDITURES ACROSS ALL SEGMENTS IN 2018.RAYONIER ADVANCED MATERIALS - QTRLY TOTAL NET SALES $544 MILLION.Q3 REVENUE VIEW $562.5 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Rayonier Advanced Materials Announces Sale Of Resins Business
Thursday, 20 Sep 2018 

Sept 19 (Reuters) - Rayonier Advanced Materials Inc ::RAYONIER ADVANCED MATERIALS ANNOUNCES SALE OF RESINS BUSINESS.RAYONIER ADVANCED MATERIALS INC - DEAL FOR APPROXIMATELY $16.5 MILLION.RAYONIER ADVANCED MATERIALS INC - SOLD ITS RESINS BUSINESS TO LRBG CHEMICALS.  Full Article

Rayonier Advanced Materials Reports Q1 EPS Of $0.38
Tuesday, 8 May 2018 

May 7 (Reuters) - Rayonier Advanced Materials Inc ::RAYONIER ADVANCED MATERIALS REPORTS FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.38.Q1 SALES $522 MILLION VERSUS $201 MILLION.Q1 REVENUE VIEW $510.9 MILLION -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $0.45 -- THOMSON REUTERS I/B/E/S.RAYONIER ADVANCED MATERIALS - ANTICIPATES CO WILL SPEND ABOUT $100 MILLION TO $110 MILLION IN MAINTENANCE CAPITAL EXPENDITURES ACROSS ITS BUSINESSES IN 2018.COMPANY ANTICIPATES SPENDING APPROXIMATELY $45 MILLION ON "HIGH-RETURN STRATEGIC PROJECTS" IN 2018.  Full Article

Rayonier Advanced Materials Reports Q4 Earnings Per Share $5.01
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Rayonier Advanced Materials Inc ::RAYONIER ADVANCED MATERIALS REPORTS FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.50.Q4 EARNINGS PER SHARE $5.01.Q4 SALES ROSE 51 PERCENT TO $349 MILLION.RAYONIER ADVANCED MATERIALS - ANTICIPATES THAT IT WILL SPEND ABOUT $100 MILLION TO $110 MILLION IN MAINTENANCE CAPITAL EXPENDITURES ACROSS ITS BUSINESSES IN 2018​.  Full Article