Rayonier Advanced Materials (RYAM) Misses Q3 EPS by 10c, Revenues Miss

Rayonier Advanced Materials (NYSE: RYAM) reported Q3 EPS of $0.54, $0.10 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $544 million versus the consensus estimate of $562.48 million.

“Year-to-date we have generated $291 million of adjusted EBITDA, $97 million of adjusted free cash flow, and captured cost transformation and synergy savings of $38 million. Our solid results this quarter allowed us to invest in high-return strategic capital projects, repay debt and return capital to shareholders,” said Paul Boynton, Chairman, President and Chief Executive Officer. “With our strong position in High Purity Cellulose, a positive outlook in the Pulp markets, and significant cash generation, we remain committed to our execution focus and opportunities to return capital through share repurchases.”

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

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