RYAM Q4 net income $4M vs loss $24M; guides 2023 Adj. EBITDA $200-215M

RAYONIER ADVANCED MATERIALS INC.

2022-FY EPS reported -$0.23 revenue$1,717,267,000

Q4 net sales $500M (+34% YoY); income from cont. ops $4M vs loss $28M prior year.
Full year 2022 Adj. EBITDA from cont. ops $177M, up 39% YoY.
2023 guidance: Adj. EBITDA $200-215M, Adj. Free Cash Flow $30-60M.
Net debt/Adj. EBITDA expected to improve to 3.5x in Q1 2023 from 4.0x at end 2022.
High Purity Cellulose segment sales +28% YoY; cellulose specialties prices +21%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RAYONIER ADVANCED MATERIALS INC. reported the quarter ended December 31, 2022 results: revenue $500 million, net income $4 million, EPS $0.05 per diluted share. Guidance initiated.

Period: the quarter ended December 31, 2022
Revenue: $500 million
Net income: $4 million
EPS: $0.05 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Net sales for the fourth quarter of $500 million, up $126 million, or 34 percent, from prior year quarter • Income from continuing operations for the fourth quarter of $4 million, up $32 million, or 114 percent, from prior year quarter.

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Source: SEC EDGAR

accession 0001597672-23-000007

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