---
schema_version: "secwatch.filing_event.v1"
accession: "0001597672-23-000039"
form_type: "8-K"
ticker: "RYAM"
cik: "0001597672"
company_name: "RAYONIER ADVANCED MATERIALS INC."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:01:17.909591+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# RYAM Q2 loss narrows to $16M; lowers EBITDA guidance, raises FCF outlook

## Summary
- Net loss from continuing ops $16M ($0.24/share) vs $25M loss a year ago; adjusted EBITDA $27M, down 21% YoY.
- Revenue $385M (-3.5% YoY) with High Purity Cellulose flat, Paperboard down 24%, High-Yield Pulp up 10%.
- Cellulose specialties prices +13% but volumes -27% due to destocking; commodity prices -4% but volumes +72%.
- Lowers 2023 adjusted EBITDA guidance to $185-200M; raises adjusted free cash flow guidance to $55-70M.
- Post-quarter: secured $250M term loan, redeemed $318M of 2024 notes, reducing gross debt by $68M.

## SEC filing metadata
- accession: 0001597672-23-000039
- form_type: 8-K
- ticker: RYAM
- cik: 0001597672
- company_name: RAYONIER ADVANCED MATERIALS INC.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1597672/000159767223000039/0001597672-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1597672/000159767223000039/ryam-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001597672-23-000039
- JSON: https://secwatch.observer/filing/0001597672-23-000039.json
- Plain text: https://secwatch.observer/filing/0001597672-23-000039.txt

## Key facts
- Earnings Releases
  RAYONIER ADVANCED MATERIALS INC. reported the quarter ended July 1, 2023 results: revenue $385, net income net loss of $17 million, EPS $(0.26) per diluted share.
  - Period: the quarter ended July 1, 2023
  - Revenue: $385
  - Net income: net loss of $17 million
  - EPS: $(0.26) per diluted share
  - Result: reported results
  source text: 2023 June 25, 2022 High Purity Cellulose $ 300 $ 374 $ 302 $ 674 $ 583 Paperboard 48 59 63 107 117 High-Yield Pulp 44 42 40 86 62 Eliminations (7) (8) (6) (15) (11) Net sales $ 385 $ 467 $ 399 $ 852 $ 751 Operating results were comprised of the following for the periods presented: Three Months Ended Six Months Ended (in millions) July 1, 2023 April 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597672/000159767223000039/0001597672-23-000039-index.htm

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