secwatch.observer — SEC 8-K summary
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Issuer:     RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK:        0001597672
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001597672-24-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RYAM Reports Q1 Net Loss $2M, Adj EBITDA $52M; Raises 2024 FCF Guidance
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- Net loss $2M ($0.02/diluted share) vs net income $2M in prior year; revenue $388M, down $79M YoY.
- Adjusted EBITDA $52M, up $1M YoY; 2024 Adj EBITDA guidance reaffirmed at $180-$200M.
- Suspended operations at Temiscaming High Purity Cellulose plant; expects one-time charges ~$30M, increases FCF by $15-20M.
- Sold softwood lumber duty refund rights for $39M; 2024 Adj FCF guidance raised to $80-$100M.
- Bioethanol facility in Tartas operational, targeting $3-4M EBITDA in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597672/000159767224000012/0001597672-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597672/000159767224000012/ryam-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001597672-24-000012

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