{"schema_version":"secwatch.filing_event.v1","accession":"0001597672-26-000008","form_type":"8-K","ticker":"RYAM","cik":"0001597672","company_name":"RAYONIER ADVANCED MATERIALS INC.","filed_at":"2026-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.588568+00:00","generated_at":"2026-05-15T22:15:49.547825+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"RYAM Q4 2025 loss $21M, sales $417M; full-year Adj EBITDA $133M, negative FCF $88M","bullets":["Q4 loss from continuing ops $21M ($0.32 diluted EPS) vs loss $16M in prior year; net sales $417M, down $5M.","Full year 2025 revenue $1.5B, Adj EBITDA $133M, negative Adj free cash flow $88M.","Net secured debt $715M; covenant leverage ratio 3.9x; total debt $779M; liquidity $157M.","Cellulose Specialties sales +$6M (+2%) on price mix; Paperboard -$16M (-27%) on new U.S. capacity pressure.","CEO targets positive free cash flow in 2026 via pricing, working capital tightening, and capex reduction."],"urls":{"canonical":"https://secwatch.observer/filing/0001597672-26-000008","json":"https://secwatch.observer/filing/0001597672-26-000008.json","markdown":"https://secwatch.observer/filing/0001597672-26-000008.md","text":"https://secwatch.observer/filing/0001597672-26-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1597672/000159767226000008/0001597672-26-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1597672/000159767226000008/ryam-20260303.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:15:49.547825+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}