secwatch.observer — SEC 8-K summary
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Issuer:     RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK:        0001597672
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001597672-22-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RYAM Q3 swings to profit; Adj EBITDA $68M, up 106%; raises FY22 guidance to >$175M
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- Net sales $466M (+25% YoY); net income $30M ($0.45/diluted) vs net loss of $5M
- Adjusted EBITDA from continuing ops $68M, up 106% YoY; full-year guidance raised to exceed $175M
- High Purity Cellulose sales $369M (+28%) on 21% price increase and 7% volume increase; operating income $22M vs $2M prior year
- Net debt reduction of $59M YTD; net leverage ratio 5.1x; expects to reduce net debt to $725M by year-end
- Liquidity $283M; repaid CAD $12M term loan in Oct; monitoring debt markets for 2024 refinancing

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597672/000159767222000053/0001597672-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597672/000159767222000053/ryam-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001597672-22-000053

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