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Rayonier Advanced Materials Inc (RYAM.N)

RYAM.N on New York Stock Exchange

20.04USD
23 Feb 2018
Change (% chg)

$0.24 (+1.21%)
Prev Close
$19.80
Open
$19.97
Day's High
$20.07
Day's Low
$19.67
Volume
307,087
Avg. Vol
220,122
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$20.99
52-wk Low
$11.92

Latest Key Developments (Source: Significant Developments)

Tembec reports preliminary results of consideration elections related to Rayonier​ transaction
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Rayonier Advanced Materials Inc ::Tembec Inc - ‍announces preliminary results of consideration elections in connection with transaction with Rayonier​.Tembec - ‍shareholders representing 1.6 million Tembec shares elected to receive per share cash amount.Tembec - shareholders representing 67.9 million Tembec shares elected to receive per share stock consideration​.  Full Article

Rayonier Advanced Materials reports Q3 earnings per share $0.28
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Rayonier Advanced Materials Inc :Rayonier Advanced Materials Inc reports third quarter 2017 results.Q3 pro forma earnings per share $0.18.Q3 earnings per share $0.28.Q3 sales $210 million versus I/B/E/S view $210.6 million.Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Rayonier Advanced Materials Inc - ‍full year projected net income and pro forma EBITDA now anticipated to be about $25 million and $180 million, respectively​.Rayonier Advanced Materials Inc - ‍on-track for $30 million of cost transformation improvements in 2017 with $23 million achieved year-to-date​.  Full Article

Rayonier sees lower 2017 sales volumes for cellulose specialties products
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Rayonier Advanced Materials Inc :Rayonier - ‍due to "operational upset" at a customer, sales volumes in 2017 for cellulose specialties products expected to be lower than expected​.Rayonier - ‍company believes impact from "operational upset​" to be limited to Q4 of 2017.Rayonier - ‍impact to revenue estimated to be between $15- $30 million, or about 3 percent of expected FY revenues from operational upset​.  Full Article

Rayonier advanced materials-underwriting agreement where Co agreed to sell 1.7 mln shares of Co's 8.00% series a mandatory convertible preferred stock
Thursday, 11 Aug 2016 

Rayonier Advanced Materials : Underwriting agreement where co agreed to sell 1.7 million shares of Co's 8.00% series a mandatory convertible preferred stock .Underwriting agreement includes option exercised by the underwriters to purchase 225,000 additional shares- SEC Filing.  Full Article

Rayonier Q2 earnings per share $0.46
Tuesday, 2 Aug 2016 

Rayonier Advanced Materials Inc : Q2 earnings per share $0.46 . Q2 earnings per share view $0.25 -- Thomson Reuters I/B/E/S . Rayonier advanced materials reports second quarter results . Q2 sales $214 million versus i/b/e/s view $212.3 million . Says 2016 pro forma ebitda outlook raised to $195 to $205 million . Sees 2016 net income expected to be $51 to $57 million . Says transformation initiative targeting $75 to $90 million cost reduction by 2018 on-track . Rayonier advanced materials inc sees 2016 capital expenditures are expected to be $90 million, including a portion of capital for lignin joint venture .Sees 2016 cellulose specialties sales volumes to decline 4 to 5 percent compared to 2015..  Full Article

Rayonier Advanced Materials Raises FY 2016 EBITDA guidance
Tuesday, 3 May 2016 

Rayonier Advanced Materials:Raising FY 2016 guidance for pro forma EBITDA by $10 million to $185 to $200 million and adjusted free cash flow guidance to $85 to $95 million.  Full Article

BRIEF-Rayonier Says During Term Of Agreement Marcato Will Not Acquire Ownership Interest Of 7.5 Pct Or More Of Voting Stock​

* RAYONIER ADVANCED MATERIALS- DURING TERM OF AGREEMENT WITH CO, MARCATO WILL NOT ACQUIRE OWNERSHIP INTEREST OF 7.5% OR MORE OF CO'S VOTING STOCK​