---
schema_version: "secwatch.filing_event.v1"
accession: "0001597672-23-000021"
form_type: "8-K"
ticker: "RYAM"
cik: "0001597672"
company_name: "RAYONIER ADVANCED MATERIALS INC."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:11:57.929922+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RYAM Q1 net income $2M vs loss; raises FCF guidance to $40-65M

## Summary
- Net sales $467M (+33% YoY); Adj EBITDA $51M (+155% YoY); net income $2M vs loss $25M.
- Reaffirms 2023 Adj EBITDA guidance $200-215M; raises FCF guidance to $40-65M.
- Net debt reduced to $683M; liquidity $276M; refinancing of June 2024 notes a top priority with Goldman Sachs.
- High Purity Cellulose sales +33% to $374M; Paperboard +9% to $59M; High-Yield Pulp +91% to $42M.
- Q2 Adj EBITDA expected low $40M due to planned outages; Tartas bioethanol project on track for early 2024.

## SEC filing metadata
- accession: 0001597672-23-000021
- form_type: 8-K
- ticker: RYAM
- cik: 0001597672
- company_name: RAYONIER ADVANCED MATERIALS INC.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1597672/000159767223000021/0001597672-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1597672/000159767223000021/ryam-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001597672-23-000021
- JSON: https://secwatch.observer/filing/0001597672-23-000021.json
- Plain text: https://secwatch.observer/filing/0001597672-23-000021.txt

## Key facts
- Earnings Releases
  RAYONIER ADVANCED MATERIALS INC. reported quarter ended April 1, 2023 results: revenue $467 million, net income $2 million, EPS $0.02 per diluted share. Guidance raised.
  - Period: quarter ended April 1, 2023
  - Revenue: $467 million
  - Net income: $2 million
  - EPS: $0.02 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Net sales for the first quarter of $467 million, up $115 million, or 33 percent, from prior year quarter • Income from continuing operations for the first quarter of $2 million, up $26 million, or 108 percent, from prior year quarter • Adjusted EBITDA from continuing operations for the first quarter of $51 million, up $31 million, or 155 percent, from prior year quarter • Cash provided by operating activities of $51 million; total debt of $846 million • Adjusted Free Cash Flow generation of $36 million; Net Debt reduced to $683 million • Reaffirm 2023 Adjusted EBITDA guidance of $200 million to $215 million • Increase 2023 Adjusted Free Cash Flow guidance to $40 million to $65 million JACKSONVILLE, Fla., May 9, 2023 - Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) reported net income of $2 million, or $0.02 per diluted share, for the quarter ended April 1, 2023, compared to a net loss of $25 million, or $(0.39) per diluted share, for the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597672/000159767223000021/0001597672-23-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.