earnings
confidence high
sentiment neutral
materiality 0.70
RYAM Q2 loss from continuing ops improves to $33M; sales up 11% to $376M; strategic review to conclude in Q4
RAYONIER ADVANCED MATERIALS INC.
- Net sales $376M (+11% YoY, +18% QoQ); loss from continuing ops $33M vs $81M in Q1 and $366M in prior-year Q2 (which included $337M deferred tax write-off).
- Adjusted EBITDA from continuing ops $40M, up 43% YoY and from $8M in Q1; Cellulose Specialties pricing +21% YoY.
- Strategic review remains top priority; expects to conclude and communicate path forward in Q4 2026.
- High Purity Cellulose segment operating income $29M (vs -$43M in Q1); Paperboard & High Yield Pulp operating loss $27M (includes $13M asset impairment).
- Liquidity $145M; net secured leverage 4.2x; full-year trajectory on track with positive free cash flow expected in 2026.