earnings
confidence high
sentiment neutral
materiality 0.75
RYAM Q2 net loss $25M, revenue $399M (+17% YoY); FY Adj EBITDA guidance >$160M
RAYONIER ADVANCED MATERIALS INC.
2022-Q2 EPS reported
-$0.75
revenue$750,936,000
- Net loss from continuing ops $25M (-$0.39/diluted) vs income of $8M a year ago; total net loss $23M (-$0.36/diluted).
- Revenue $399M, up 17% YoY, driven by higher prices across all segments; Adjusted EBITDA $34M comparable to prior year.
- Full year Adjusted EBITDA guidance raised to exceed $160M; net debt target reduced to $725M by year-end.
- High Purity Cellulose sales +18% to $302M; operating income $7M vs $11M prior year on higher input costs.
- Liquidity $274M at quarter end including $148M cash; expects $21M US federal tax refund in 2022.