La vendita allo scoperto per Rayonier Adv Materials dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Rayonier Adv Materials. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Rayonier Adv Materials (NYSE:RYAM) Azioni, Report sulle vendite allo scoperto

Rayonier Adv Materials

Rayonier Advanced Materials Inc manufactures high-purity cellulose derived from wood. Also known as cellulose specialties, the company's products are used in a variety of applications, including cigarette filters, liquid crystal displays, paints, pharmaceuticals, and food. The company operates in the reportable segments of High Purity Cellulose, Paperboard, High-Yield Pulp, and Corporate and Other. The key revenue is derived from the High Purity Cellulose segment. Geographically, it derives a majority of revenue from the United States.

Rayonier Advanced Materials Inc. Common Stock

Rayonier Advanced Materials Inc

RBC Capital analyst Matthew McKellar maintains Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) with a Outperform and raises the price target from $10 to $12.

News

Price Target

Analyst Ratings

RYAM

RBC Capital Maintains Outperform on Rayonier Adv Materials, Raises Price Target to $12

U.S. stocks were higher, with the Dow Jones index gaining around 1,300 points on Wednesday.
Shares of Mercury Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCY#NASDAQ">MRCY</a>) rose sharply during Wednesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/MRCY/earnings">quarterly financial results.</a>
Mercury Systems reported quarterly earnings of 4 cents per share which beat the analyst consensus estimate of a loss of 8 cents per share. The company reported quarterly sales of $204.431 million which beat the analyst consensus estimate of $181.772 million.
Mercury Systems shares jumped 16.7% to $39.90 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>The GEO Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) shares jumped 36.2% to $20.60.</li>
<li>CoreCivic, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) shares gained 28.2% to $17.47.</li>
<li>Cytek Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTKB#NASDAQ">CTKB</a>) jumped 28% to $6.96 following upbeat quarterly results.</li>
<li>Treace Medical Concepts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMCI#NASDAQ">TMCI</a>) shares gained 26.3% to $7.22 following strong quarterly results.</li>
<li>United Fire Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFCS#NASDAQ">UFCS</a>) surged 23.3% to $24.58 following upbeat quarterly earnings.</li>
<li>Revolve Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVLV#NYSE">RVLV</a>) gained 19.8% to $31.18 following third-quarter results.</li>
<li>Rayonier Advanced Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) rose 19.8% to $9.75 after posting third-quarter results.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) gained 18.3% to $229.39.</li>
<li>ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) rose 16.6% to $121.35 following quarterly results.</li>
<li>Kennametal Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) gained 16.3% to $30.91 following better-than-expected quarterly earnings.</li>
<li>Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) gained 16.2% to $66.03.</li>
<li>Evercore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>) rose 15.4% to $313.80.</li>
<li>Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) surged 15.2% to $166.57.</li>
<li>Piper Sandler Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NASDAQ">PIPR</a>) rose 15.1% to $334.57.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) surged 14.9% to $28.68.</li>
<li>Qualys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) gained 13.6% to $145.65 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance.</li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) gained 12.8% to $187.38.</li>
<li>Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) surged 12.8% to $153.07.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 12.6% to $282.93 following Trump win.</li>
<li>The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) gained 12.4% to $592.23.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) surged 10.7% to $61.26 following strong quarterly revenue.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">Jim Cramer Says He Can&#8217;t Recommend This Major Automaker, Ceva Is &#8216;Way Too Hig</a><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">h</a>&#8216;</li>
</ul>

Intraday Update

Markets

Movers

Trading Ideas

ARCB

COIN

CTKB

HOOD

MRCY

PIPR

QLYS

RVLV

STLD

TMCI

TSLA

UFCS

Mercury Systems Posts Strong Results, Joins ArcBest, Tesla, Kennametal, Qualys And Other Big Stocks Moving Higher On Wednesday

WIIM

Rayonier Advanced Materials shares are trading higher. The company reported Q3 financial results.

Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $(0.08) by 50 percent. This is a 70 percent increase over losses of $(0.40) per share from the same period last year. The company reported quarterly sales of $401.00 million which missed the analyst consensus estimate of $410.10 million by 2.22 percent. This is a 8.67 percent increase over sales of $369.00 million the same period last year.

Earnings

Earnings Misses

Rayonier Adv Materials Q3 Adj $(0.12) Misses $(0.08) Estimate, Sales $401.00M Miss $410.10M Estimate

Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) .

Guidance

Rayonier Adv Materials expects FY2024 Adj. EBITDA of $205M-$215M, Adj. Free Cash Flow of $115M-$125M.

Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) will release its quarterly earnings report on Tuesday, 2024-11-05. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Rayonier Adv Materials to report an earnings per share (EPS) of $-0.11.
Anticipation surrounds Rayonier Adv Materials's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company beat EPS by $0.29, leading to a 30.12% increase in the share price the following trading session.
Here's a look at Rayonier Adv Materials's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.10</td>
<td>-0.10</td>
<td>-0.07</td>
<td>-0.24</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.19</td>
<td>-0.02</td>
<td>-0.22</td>
<td>-0.40</td>
</tr>
<tr>
<td>Price Change %</td>
<td>30.0%</td>
<td>2.0%</td>
<td>-21.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730750472_0.png" alt="eps graph" />
<h3>Market Performance of Rayonier Adv Materials's Stock</h3>
Shares of Rayonier Adv Materials were trading at $8.1 as of November 01. Over the last 52-week period, shares are up 167.21%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analyst Views on Rayonier Adv Materials</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Rayonier Adv Materials.
Analysts have provided Rayonier Adv Materials with 2 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at $9.5, suggesting a potential 17.28% upside.
<h3>Comparing Ratings with Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Ginkgo Bioworks Holdings, Ecovyst and Alto Ingredients, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Ginkgo Bioworks Holdings is favoring an Buy trajectory, with an average 1-year price target of $8.5, suggesting a potential 4.94% upside.</li>
<li>As per analysts' assessments, Ecovyst is favoring an Buy trajectory, with an average 1-year price target of $10.5, suggesting a potential 29.63% upside.</li>
<li>Analysts currently favor an Buy trajectory for Alto Ingredients, with an average 1-year price target of $5.5, suggesting a potential 32.1% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
The peer analysis summary provides a snapshot of key metrics for Ginkgo Bioworks Holdings, Ecovyst and Alto Ingredients, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Rayonier Adv Materials</td>
<td>Outperform</td>
<td>8.73%</td>
<td>$48.31M</td>
<td>1.52%</td>
</tr>
<tr>
<td>Ginkgo Bioworks Holdings</td>
<td>Buy</td>
<td>-30.24%</td>
<td>$42.48M</td>
<td>-23.88%</td>
</tr>
<tr>
<td>Ecovyst</td>
<td>Buy</td>
<td>-1.98%</td>
<td>$53.66M</td>
<td>1.98%</td>
</tr>
<tr>
<td>Alto Ingredients</td>
<td>Buy</td>
<td>-25.47%</td>
<td>$7.55M</td>
<td>-1.28%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Rayonier Adv Materials ranks at the top for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is also in the middle.
<h3>Discovering Rayonier Adv Materials: A Closer Look</h3>
Rayonier Advanced Materials Inc manufactures high-purity cellulose derived from wood. Also known as cellulose specialties, the company's products are used in a variety of applications, including cigarette filters, liquid crystal displays, paints, pharmaceuticals, and food. The company operates in the reportable segments of High Purity Cellulose, Paperboard, High-Yield Pulp, and Corporate and Other. The key revenue is derived from the High Purity Cellulose segment. Geographically, it derives a majority of revenue from the United States.
<h3>Rayonier Adv Materials: A Financial Overview</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Rayonier Adv Materials displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 8.73%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Rayonier Adv Materials's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 2.72%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Rayonier Adv Materials's ROE stands out, surpassing industry averages. With an impressive ROE of 1.52%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Rayonier Adv Materials's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.53%, the company showcases efficient use of assets and strong financial health.
Debt Management: Rayonier Adv Materials's debt-to-equity ratio stands notably higher than the industry average, reaching 1.03. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/RYAM/earnings">To track all earnings releases for Rayonier Adv Materials visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Rayonier Adv Materials's Earnings Preview

Financing

RYAM Raises $700M In Aggregate Principal Amount Of Secured Term Loan Financing From Funds Managed By Capital Management

Rayonier Advanced Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) ("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.

RYAM's Jesup Facility Resumes Full Production Ahead Of Schedule, Following An Isolated Fire On October 11

Rayonier Advanced Materials shares are trading lower after the company provided an update on a fire at its plant in Jesup, Georgia.

General

Rayonier Advanced Materials Joint Venture, Altamaha Green Energy, Receives Certified Purchase Power Agreement ToProduce And Sell Up To 70 MW Of Electricity To Georgia Power Company

RBC Capital analyst Matthew McKellar maintains Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) with a Outperform and raises the price target from $9 to $10.

RBC Capital Maintains Outperform on Rayonier Adv Materials, Raises Price Target to $10

Rayonier Advanced Materials Increases Cellulose Specialties Product Prices By 10%

RBC Capital analyst Matthew McKellar maintains Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) with a Outperform and raises the price target from $7 to $9.

RBC Capital Maintains Outperform on Rayonier Adv Materials, Raises Price Target to $9

U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Wednesday.
Shares of Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) rose sharply during Wednesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40220998/shopifys-q2-earnings-revenue-and-eps-beat-gross-merchandise-volume-up-22-strong-q3-outlook-and-more">second-quarter EPS results.</a>
Shopify clocked fiscal second-quarter 2024 revenue growth of 21% year-over-year to $2.05 billion, which beat the analyst consensus estimate of $2.01 billion. Revenue grew by 25% Y/Y after adjusting for the sale of its logistics businesses. The e-commerce platform company reported adjusted EPS of 26 cents, which beat analyst consensus estimate of 20 cents
Shopify shares jumped 24.6% to $67.59 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>PetIQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETQ#NASDAQ">PETQ</a>) shares surged 48% to $30.44 after the company reported better-than-expected second-quarter adjusted earnings results.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) gained 35.4% to $32.38 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates on Tuesday.</li>
<li>Latham Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) climbed 34% to $4.19 after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates. Additionally, the company announced an acquisition of Coverstar Central.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) gained 33% to $6.65 after the company reported better-than-expected quarterly revenue results. Goldman Sachs upgraded the stock from Sell to Neutral and raised its price target from $1 to $4.</li>
<li>Veracyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>) rose 32.4% to $28.90 after the company reported better-than-expected quarterly financial results. Also, Needham maintained a Buy rating on the stock and raised its price target from $27-$31.</li>
<li>Rayonier Advanced Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) jumped 27.8% to $7.17 after the company reported better-than-expected quarterly financial results.</li>
<li>Angi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) gained 27.7% to $2.5250 after the company reported better-than-expected quarterly financial results.</li>
<li>Inspire Medical Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INSP#NYSE">INSP</a>) rose 25.6% to $184.81 after the company reported better-than-expected quarterly sales results and raised its FY24 guidance. Also, the company announced it authorized a $150 million share repurchase program.</li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) rose 23.5% to $68.93 after the company reported better-than-expected second-quarter financial results and issued FY24 guidance above estimates.</li>
<li>Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) gained 21.3% to $358.06 after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) rose 18.3% to $210.40 after the company reported better-than-expected fourth-quarter financial results and issued strong guidance.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) gained 16.1% to $19.15 after the company reported better-than-expected quarterly financial results and announced a partnership with Tesla to support Texas&#8217;s power grid.</li>
<li>Dynatrace, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DT#NYSE">DT</a>) rose 15.3% to $46.69 following a Q1 earnings beat.</li>
<li>Champion Homes, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKY#NYSE">SKY</a>) gained 14.2% to $84.99 after the company reported better-than-expected quarterly financial results.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) gained 14% to $18.74 after the company reported better-than-expected first-quarter financial results.</li>
<li>Rapid7, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) gained 13.7% to $37.55 after the company reported better-than-expected quarterly financial results.</li>
<li>Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) rose 11% to $129.15 after the company reported better-than-expected quarterly sales results.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) gained 9.4% to $101.74 after the company reported better-than-expected second-quarter financial results.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) rose 6.9% to $238.66.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) gained 5.7% to $121.38.</li>
</ul>
Now Read This:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40221528/these-analysts-cut-their-forecasts-on-jack-in-the-box-after-q3-results"> These Analysts Cut Their Forecasts On Jack In The Box After Q3 Results</a></li>
</ul>

ANGI

AXON

AZPN

FTNT

ILMN

INSP

LUMN

PETQ

SHOP

SNOW

SWIM

UPST

VCYT

Shopify Posts Upbeat Earnings, Joins Axon Enterprise, Aspen Technology, Illumina, Global Payments And Other Big Stocks Moving Higher On Wednesday

Rayonier Advanced Materials shares are trading higher after the company reported better-than-expected Q2 financial results.

Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $(0.10) by 290 percent. The company reported quarterly sales of $419.000 million which beat the analyst consensus estimate of $402.167 million by 4.19 percent. This is a 8.83 percent increase over sales of $385.000 million the same period last year.

Earnings Beats

Rayonier Adv Materials Q2 2024 Adj. EPS $0.19 Beats $(0.10) Estimate, Sales $419.000M Beat $402.167M Estimate

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

Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) 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.

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

Asset Sales

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

Rayonier Advanced Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) is announcing that, effective July 2, 2024, it will suspend operations at its Temiscaming High Purity Cellulose (HPC) plant for an indefinite period. As previously communicated, the Company remains committed to operating its assets profitably.
Given current market conditions and high capital and fixed costs associated with the HPC plant, this decision will help mitigate the plant's ongoing operating losses and improve the Company's consolidated free cash flow. Today's announcement is aligned with the Company's focus on improving its balance sheet, leverage position and overall financial performance toward execution of its long-term growth strategy.
The suspension, which will be carried out in a safe and environmentally sound manner, will result in a reduction of RYAM's annual global HPC production. The Temiscaming HPC facility has an annual production capacity of approximately 150,000 metric tons, with roughly 30 percent historically dedicated to specialty cellulose materials. The Company will be working directly with its customers to support their specialty cellulose needs in both the short- and long-term. Today's announcement will result in approximately 275 layoffs.
"Persistent market weakness, uncertain availability of affordable wood fiber, and high capital and fixed costs have posed significant challenges for the Temiscaming HPC plant," said De Lyle Bloomquist, President and Chief Executive Officer. "This decision, which we do not take lightly, is made only after a rigorous strategic review in which multiple alternatives were thoroughly explored. We are mindful of the impact this will have on affected employees and will take appropriate measures to assist these employees in keeping with the collective agreement, RYAM values and applicable law."
This decision does not affect RYAM's paperboard and high-yield pulp plants located adjacent to the Temiscaming HPC plant. These two plants, which are part of an ongoing sales process announced last October, remain competitive and will continue to operate at full capacity.

RYAM To Suspend Temiscaming High Purity Cellulose Plant Operations For An Indefinite Period, Company Remains Committed To Operating Its Assets Profitably

Rayonier Advanced Q3 2024 Earnings Preview

Here are the major earnings after the close today

Rayonier Advanced Non-GAAP EPS of -$0.12 misses by $0.09, revenue of $401M misses by $9.1M

Reports Q3 revenue $401M, consensus $410.1M. "RYAM delivered another solid quarter of financial results as we continued to improve our product mix ...

Rayonier Advanced reports Q3 adjusted cont ops EPS (12c), consensus (8c)

Check out this evening's top movers from around Wall Street, compiled by The Fly.&nbsp;&nbsp; HIGHER AFTER EARNINGS – Qualys (QLYS) up 18.9% Revolv...

Closing Bell Movers: Exact Sciences falls 30% after results, guidance cut

Rayonier Advanced Materials (RYAM) is up 21.6%, or $1.75 to $9.88. Published first on TheFly – the ultimate source for real-time, market-moving bre...

Rayonier Advanced Materials rises 21.6%

Rayonier Advanced Materials Inc. 2024 Q3 - Results - Earnings Call Presentation

Rayonier Advanced Materials Inc. (RYAM) Q3 2024 Earnings Call Transcript

Rayonier Advanced Materials ( ($RYAM) ) has released its Q3 earnings. Here is a breakdown of the information Rayonier Advanced Materials presented ...

Rayonier Advanced Materials Reports Strong Q3 Results

Rayonier Advanced Materials ( ($RYAM) ) has shared an update. Rayonier Advanced Materials Inc. has successfully completed its cash tender offer to ...

Rayonier Advanced Materials Completes Key Debt Buyback

AVNW

BBAI

BCSF

CGBD

CPNG

EOSE

EXAS

GMED

GPOR

IGIC

IRBT

JKHY

LAAC

MASI

MCHP

MEGEF

MGNX

NCMI

PAAS

PAYS

RARE

RYTM

SMCI

SNDX

STKL

TFPM

TRVG

TSLX

WTTR

Press Releases

RYAM Restarts Jesup A Line Ahead of Schedule; Full Operations Anticipated around October 28th

RYAM Schedules Third Quarter Earnings Release

RYAM's Jesup Facility Resumes Full Production Ahead of Schedule

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rayonier Advanced Materials Inc. - RYAM

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

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

RYAM Releases 2023 Sustainability Report Highlighting Innovation, Environmental Stewardship, and Social Responsibility

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

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

Comments

Rayonier Adv Materials

Vendite allo scoperto

Rayonier Adv Materials (NYSE:RYAM) Azioni, Report sulle vendite allo scoperto

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO