Rayonier Advanced Materials Reports Third Quarter 2019 Results

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Go back to Rayonier Advanced Materials Reports Third Quarter 2019 Results

Rayonier Advanced Materials (RYAM) Misses Q3 EPS by 11c, Revenues Miss

November 4, 2019 4:26 PM EST

Rayonier Advanced Materials (NYSE: RYAM) reported Q3 EPS of ($0.29), $0.11 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $416 million versus the consensus estimate of $470.57 million.

Financial improvement from prior quarter due to greater reliability and reduced costsSuccessfully negotiated covenant package in September 2019 to provide flexibility to navigate challenging marketsExecuting Cellulose Specialties Go-to-Market strategy... More