secwatch.observer — SEC 8-K summary
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Issuer:     RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK:        0001597672
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001597672-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597672/000159767224000004/0001597672-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597672/000159767224000004/ryam-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001597672-24-000004

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