---
schema_version: "secwatch.filing_event.v1"
accession: "0001597672-24-000004"
form_type: "8-K"
ticker: "RYAM"
cik: "0001597672"
company_name: "RAYONIER ADVANCED MATERIALS INC."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:54:28.817500+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RYAM reports 2023 loss of $102M; guides 2024 Adjusted EBITDA $180-200M

## Summary
- Net sales $1,643M (-$74M YoY); loss from continuing ops $102M (incl. $62M non-cash impairment) vs. loss $27M prior year.
- Adjusted EBITDA $139M; adjusted FCF $53M; total debt reduced $76M to $777M; net secured debt ratio 4.2x.
- 2024 guidance: Adjusted EBITDA $180-200M, FCF $20-40M; bioethanol facility commissioning in Q1 2024.
- High Purity Cellulose: specialties prices up 8% Q4 YoY but volumes down 11%; commodity volumes up 7%.
- Amended 2027 Term Loan to raise max secured net leverage ratio through FY2024; incurred $3M fees.

## SEC filing metadata
- accession: 0001597672-24-000004
- form_type: 8-K
- ticker: RYAM
- cik: 0001597672
- company_name: RAYONIER ADVANCED MATERIALS INC.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1597672/000159767224000004/0001597672-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1597672/000159767224000004/ryam-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001597672-24-000004
- JSON: https://secwatch.observer/filing/0001597672-24-000004.json
- Plain text: https://secwatch.observer/filing/0001597672-24-000004.txt

## Key facts
- Earnings Releases
  RAYONIER ADVANCED MATERIALS INC. reported year ended December 31, 2023 results: revenue $1,643 million, net income $102 million, EPS $(1.57) per diluted share.
  - Period: year ended December 31, 2023
  - Revenue: $1,643 million
  - Net income: $102 million
  - EPS: $(1.57) per diluted share
  - Result: reported results
  source text: language in such filing. --- EX-99.1 (EX-99.1) --- RYAM Announces Fourth Quarter and Full Year 2023 Results and Provides Improved Outlook for 2024 • Net sales for 2023 of $1,643 million, down $74 million from the prior year • Loss from continuing operations for 2023 of $102 million inclusive of a $62 million non-cash impairment, down $75 million from the prior
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597672/000159767224000004/0001597672-24-000004-index.htm
- Earnings Releases
  RAYONIER ADVANCED MATERIALS INC. updated its 2024 guidance (initiated).
  - Period: 2024
  - Guidance: initiated
  - Result: guidance update
  source text: 2024 Adjusted EBITDA guidance of $180 million to $200 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597672/000159767224000004/0001597672-24-000004-index.htm

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