earnings
confidence high
sentiment positive
materiality 0.75
RYAM 2024 adj. EBITDA $222M (+60% YoY); guides 2025 $215-235M
RAYONIER ADVANCED MATERIALS INC.
- Net sales $1,630M (-$13M YoY); loss from cont. ops $42M vs $102M loss prior year.
- Adj. EBITDA $222M (+$83M YoY); adj. FCF $128M; net debt reduced $73M.
- 2025 guidance: adj. EBITDA $215-235M, adj. FCF $25-45M; mid-single-digit cellulose specialties price hike.
- Indefinitely suspended Temiscaming HPC ops; secured €67M biomaterials capital; Jesup fire cost $9M EBITDA.
- Refinanced with $700M term loan; net secured leverage 2.7x; $276M liquidity at year-end.