Rayonier Advanced Materials (RYAM) Misses Q1 EPS by 3c, Miss on Revenues; Raises FY17 Op. Cash Flow & FCF Guidance by $10M

Rayonier Advanced Materials (NYSE: RYAM) reported Q1 EPS of $0.15, $0.03 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $201 million versus the consensus estimate of $208.75 million.

• Q1 2017 net income and EBITDA of $10 million and $48 million, respectively
• Q1 2017 Cost Transformation improvements of $7 million achieved; solidly on-track for $30 million in 2017
• Net income and EBITDA anticipated at high-end of 2017 guidance
• Raising Cash Flow from Operations and Free Cash Flow guidance by $10 million

For earnings history and earnings-related data on Rayonier Advanced Materials (RYAM) click here.

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