Rayonier Advanced Materials Inc.

Rayonier Advanced Materials Inc. Earnings Recaps

RYAM Materials 2 recaps
Q1 2026 May 8, 2026

Shares declined 1.5% after the quarter as investors reacted to ongoing margin pressure in paperboard and high yield pulp segments, partly offset by strong pricing in cellulose specialties (CS) but tempered by volume declines and cautious progress toward free cash flow goals.

Key takeaways
  • Adjusted EBITDA was $8 million for the quarter, with High Purity Cellulose contributing $24 million, driven by a 17% year-over-year price increase in CS.
  • CS volumes were down, and commodity mix increased, limiting overall performance gains despite pricing strength.
  • Paperboard and High Yield Pulp segments reported a combined negative adjusted EBITDA of $5 million due to new third-party supply and domestic oversupply pressures.
  • Corporate costs totaled $11 million, partly offset by favorable foreign exchange compared to last year.
  • Liquidity remained solid at $160 million, including $68 million cash on hand and $88 million availability under the asset-based lending facility.
Full recap
Q3 2025 Nov 7, 2025

RYAM reported Q3 2025 earnings reflecting operational stabilization and strategic adjustments, resulting in refined full-year adjusted EBITDA guidance of $135 to $140 million.

Key takeaways
  • Adjusted EBITDA guidance for 2025 decreased due to proactive downtime in noncore production and weakened paperboard markets.
  • Continued success in Cellulose Specialties with normalized EBITDA margins, despite challenges in the fluff product segment due to tariffs impacting U.S. exports to China.
  • Operational challenges are being resolved, with key staffing roles filled to stabilize performance at the Tartas facility.
  • Strategic initiatives at the Temiscaming site aim to reduce costs and improve profitability, with new product developments underway expected to generate significant EBITDA contributions in 2026.
  • Trade conditions are improving for U.S. producers, with favorable developments in ongoing investigations regarding Brazilian and Norwegian imports, potentially leveling the competitive landscape.
Full recap