The Zacks Paper and Related Products industry is set to benefit from increased packaging demand from rising e-commerce activities. Sustained demand from consumer-oriented sectors, such as food, beverages and healthcare, lends further support. The industry's growth is propelled by the escalating consumer inclination toward paper as an environmentally friendly packaging choice amid rising environmental awareness. Key players, such as Stora Enso Oyj (SEOAY) , Sylvamo (SLVM) and Rayonier Advanced Materials (RYA ...

Rayonier Advanced Materials Inc. (NYSE:RYAM) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Mickey Walsh - Treasurer and VP of IR De Lyle Bloomquist - President and CEO Marcus Moeltner - CFO and SVP, Finance Conference Call Participants Daniel Harriman - Sidoti & Company Matthew McKellar - RBC Capital Markets Dmitry Silversteyn - Water Tower Research Sandy Burns - Stifel Roger Spitz - Bank of America Operator Good morning, and welcome to the RYAM First Quarter 2024 Earnings Con ...

RYAM Announces Improved First Quarter 2024 Results Reaffirms 2024 EBITDA and Increases Free Cash Flow Guidance • Net sales for the first quarter of $388 million, down $79 million from prior year quarter • Net loss for the first quarter of $2 million, a decline of $4 million from prior year quarter • Adjusted EBITDA for the first quarter of $52 million, up $1 million from prior year quarter • Total debt of $779 million; Net Secured Debt of $721 million with a net secured debt ratio of 4.4 times • 2024 Adjust ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36285 RAYONIER ADVANCED MATERIALS INC. State of Incorporation: Delaware I.R.S. Employer Identification No.: 46-4559529 Principal Exec ...

财务数据和关键指标变化 - 2023年全年EBITDA为1.3亿美元,较2022年下降3800万美元,主要受到纸板业务疲软的影响 [9] - 2023年第四季度EBITDA为3700万美元,较2022年下降1800万美元,主要由于纸板需求疲弱 [9] - 2023年自由现金流为5300万美元,主要得益于9300万美元的营运资金改善 [10] 各条业务线数据和关键指标变化 - 高纯度纤维素业务销售额下降2%至13亿美元,主要由于大宗商品销售价格下降13%,部分被特种纤维素价格上涨11%所抵消 [16] - 特种纤维素销量下降18%,主要受到建筑市场需求疲软和客户去库存的影响 [16] - 纸板业务销售额下降3100万美元,主要由于销量下降13% [19] - 高收率浆粕业务销售额下降2400万美元,主要由于销量下降5%和价格下降12% [20] 各个市场数据和关键指标变化 - 特种纤维素在建筑市场需求疲软,但在其他领域需求相对稳定 [38] - 纸板市场需求预计将随着去库存结束而有所改善 [42] - 高收率浆粕市场需求在2024年初有所好转,但预计下半年将面临来自中国市场的价格压力 [43] 公司战略和发展方向及行业竞争 - 公司正在探索出售纸板和高收率浆粕业务的可能性,以进一步降低债务 [28] - 公司正在实施资产优化策略,将更多的粘胶生产转移至成本最低的Temiscaming工厂 [29] - 公司正在积极拓展生物材料业务,包括在Tartas建设生物乙醇厂、在Jesup建设AGE绿色能源项目等 [31][32] - 公司正与Verso Energy合作,探索在Tartas生产可再生航空燃料的可行性 [33] 管理层对经营环境和未来前景的评论 - 2024年EBITDA预计在1.8亿-2亿美元区间,主要受益于特种纤维素业务的改善 [34] - 特种纤维素价格预计将小幅上涨,但销量将受到部分客户去库存的影响 [38] - 纸板业务EBITDA预计为5000万-6000万美元,价格将略有下降但销量将有所改善 [42] - 高收率浆粕业务EBITDA预计为500万-1000万美元,价格将在2024年初有所上涨但下半年可能面临压力 [43] 其他重要信息 - 公司已成功修订2027年期限贷款的债务契约,将净有担保债务率上限从4.5倍扩大至5.25倍 [13][24] - 公司对Temiscaming HPC工厂和Jesup工厂的海线资产计提了6200万美元的减值 [14][18] 问答环节重要的提问和回答 问题1 **Daniel Harriman 提问** 询问公司为何对2024年前景充满信心,以及最大风险是什么 [48] **De Lyle Bloomquist 回答** - 特种纤维素业务预计将改善3000万-3500万美元,主要得益于市场份额的提升 [49] - 乙醚市场需求预计将好转,但建筑市场仍然疲软 [50][51] - 高收率浆粕业务存在一定风险,主要来自中国市场的价格压力 [52][53] 问题2 **Matthew McKellar 提问** 询问客户去库存何时结束,以及特种纤维素业务的改善是否依赖于此 [56] **De Lyle Bloomquist 回答** - 客户去库存主要集中在2024年上半年 [57] - 特种纤维素业务的改善主要来自于市场份额的提升,而非依赖于客户去库存 [57] 问题3 **Dmitry Silversteyn 提问** 询问公司与Verso Energy合作生产可再生航空燃料的计划 [64] **De Lyle Bloomquist 回答** - 公司将利用Tartas工厂产生的生物质二氧化碳,与绿氢结合生产可再生航空燃料 [65][66] - 该项目有望获得当地政府的资金支持,具有巨大的潜在价值 [67]

RYAM Announces Fourth Quarter and Full Year 2023 Results and Provides Improved Outlook for 2024 • Net sales for 2023 of $1,643 million, down $74 million from the prior year • Loss from continuing operations for 2023 of $102 million inclusive of a $62 million non-cash impairment, down $75 million from the prior year • Adjusted EBITDA from continuing operations for 2023 of $139 million • Year-to-date cash provided by operating activities of $136 million; total debt of $777 million, a reduction of $76 million ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36285 RAYONIER ADVANCED MATERIALS INC. Incorporated in the State of Delaware I.R.S. Employer Identification No.: 46-4559529 ...

Rayonier Advanced Materials Inc. (NYSE:RYAM) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Mickey Walsh - Treasurer and Vice President of Investor Relations De Lyle Bloomquist - President, Chief Executive Officer and Director Marcus Moeltner - Chief Financial Officer and Senior Vice President of Finance Conference Call Participants Matthew McKellar - RBC Capital Markets Daniel Harriman - Sidoti & Company Dmitry Silversteyn - Water Tower Research Operator Good morning, and ...

Third Quarter 2023 Financial Presentation Materials November 8, 2023 Safe Harbor Forward-Looking Statements Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions, outlook and other similar statements relating to RYAM’s future events, developments, or financial or operational performance or results, are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36285 RAYONIER ADVANCED MATERIALS INC. State of Incorporation: Delaware I.R.S. Employer Identification No.: 46-4559529 Principal Exec ...