secwatch.observer — SEC 8-K summary
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Issuer:     RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK:        0001597672
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001597672-23-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RYAM Q3 loss from continuing ops $27M; cuts 2023 EBITDA guidance to ~$150M, raises FCF to $65-75M
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- Q3 loss from continuing ops $27M ($0.41/sh) vs. prior-year income $18M ($0.28/sh).
- Net sales $369M, down 21% YoY; High Purity Cellulose down 21% to $292M.
- 2023 Adjusted EBITDA guidance ~$150M; FCF guidance raised to $65-75M.
- Exploring sale of Paperboard & High-Yield Pulp assets; secured $250M term loan to refinance 2024 notes.
- Year-to-date cash from ops $82M; debt $749M; net debt $743M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597672/000159767223000047/0001597672-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597672/000159767223000047/ryam-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001597672-23-000047

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