secwatch.observer — SEC 8-K summary
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Issuer:     RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK:        0001597672
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001597672-24-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597672/000159767224000037/0001597672-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597672/000159767224000037/ryam-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001597672-24-000037

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