RYAM Q3 net loss $33M on impairment; reiterates EBITDA, ups FCF guidance; $700M refinancing

RAYONIER ADVANCED MATERIALS INC.

2024-Q3 EPS reported -$0.35 revenue$1,207,804,000

Q3 net loss $33M ($0.49/diluted) vs $25M loss last year; includes $25M asset impairment and $7M suspension charges.
Adjusted EBITDA $51M, up $27M YoY; net sales $401M, up $32M YoY.
2024 guidance: Adj. EBITDA $205-215M (reiterated); Adj. Free Cash Flow raised to $115-125M.
Refinanced $700M secured term loan due 2029, replacing $453M 2026 notes and $246M 2027 term loan; ABL extended.
Jesup plant fire estimated $10M EBITDA impact; $3M maintenance capex in 2024; $15M insurance deductible.

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