secwatch.observer — SEC 8-K summary
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Issuer:     RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK:        0001597672
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001597672-26-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RYAM Q4 2025 loss $21M, sales $417M; full-year Adj EBITDA $133M, negative FCF $88M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597672/000159767226000008/0001597672-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597672/000159767226000008/ryam-20260303.htm
  HTML page:      https://secwatch.observer/filing/0001597672-26-000008

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