secwatch.observer — SEC 8-K summary
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Issuer:     RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK:        0001597672
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001597672-23-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597672/000159767223000021/0001597672-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597672/000159767223000021/ryam-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001597672-23-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer