2016 Press Releases

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12/09/16LignoTech Florida Joint Venture Gains Approval
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Dec. 9, 2016-- Borregaard ASA (BRG) and Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today the companies have secured the necessary approvals from their Boards of Directors and the appropriate permits to proceed with the investment for construction of a new lignin facility at RYAM’s Fernandina Beach site in Florida. The venture, named LignoTech Florida (LTF), will serve the growing global demand for natural ... 
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10/31/16Rayonier Advanced Materials Reports Third Quarter Results
Third quarter net income of $22 million and pro forma EBITDA of $64 million 2016 Transformation Initiative savings target increased to $30 to $35 million Total cost savings approaching $50 million for 2016, including $15 million carryover from 2015 2016 net income expected to be $66 to $72 million Full year pro forma EBITDA outlook raised to $215 to $225 million ... 
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10/24/16Rayonier Advanced Materials Announces Fourth Quarter 2016 Dividends
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 24, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $0.07 per share of Common Stock of the corporation. The dividend is payable on December 30, 2016 to stockholders of record on December 16, 2016. The Company also announced today that the board of directors has declared a fourth quarter cash div... 
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10/11/16Rayonier Advanced Materials Schedules Third Quarter Earnings Release
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 11, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its third quarter 2016 earnings on Monday, October 31, 2016, after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Tuesday, November 1, 2016, at 10:00 a.m. EDT to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonieram... 
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10/10/16Rayonier Advanced Materials Resumes Operations
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 10, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) provided an update today about operations following Hurricane Matthew, which affected the entire US Southeastern coast, passing near the Company’s Fernandina Beach, Fla. facility. The facility was in the process of completing its scheduled maintenance outage ahead of plan and was safely evacuated on October 6 in advance of the storm. Yesterday, Company opera... 
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08/04/16Rayonier Advanced Materials Announces Pricing of Mandatory Convertible Preferred Stock
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Aug. 4, 2016-- Rayonier Advanced Materials Inc. (the “Company”) (NYSE:RYAM) today announced the pricing of its underwritten public offering (the “Offering”) of 1,500,000 shares of the Company’s 8.00 percent Series A Mandatory Convertible Preferred Stock (the “Mandatory Convertible Preferred Stock”). The underwriters of the Offering have a 30-day option to purchase a maximum of 225,000 additional shares of Mandatory ... 
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08/03/16Rayonier Advanced Materials Announces Public Offering of Mandatory Convertible Preferred Stock
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Aug. 3, 2016-- Rayonier Advanced Materials Inc. (the “Company”) (NYSE:RYAM) today announced the commencement of an underwritten public offering (the “Offering”) of 1,250,000 shares of the Company’s Series A Mandatory Convertible Preferred Stock (the “Mandatory Convertible Preferred Stock”). The underwriters of the Offering have a 30-day option to purchase a maximum of 187,500 additional shares of Mandatory Convertible... 
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08/01/16Rayonier Advanced Materials Reports Second Quarter Results
Second quarter net income of $19 million and pro forma EBITDA of $58 million Transformation Initiative targeting $75 to $90 million cost reduction by 2018 on-track 2016 net income expected to be $51 to $57 million 2016 pro forma EBITDA outlook raised to $195 to $205 million JACKSONVILLE, Fla.--(BUSINESS WIRE)--Aug. 1, 2016-- Rayonier Advanced Materials Inc. (the “Company”) (NYSE... 
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07/22/16Rayonier Advanced Materials Announces Third Quarter 2016 Dividend
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jul. 22, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a third quarter cash dividend of $0.07 per share of common stock of the corporation. The dividend is payable on September 30, 2016 to stockholders of record on September 16, 2016. About Rayonier Advanced Materials Rayonier Advanced Materials is the leading global suppli... 
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07/13/16Rayonier Advanced Materials Schedules Second Quarter Earnings Release
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jul. 13, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its second quarter 2016 earnings on Monday, August 1, 2016, after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Tuesday, August 2, 2016, at 10:00 a.m. EDT to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonieram.com. ... 
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06/28/16New Lignin Operation in Florida in Final Phase of Approval
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jun. 28, 2016-- Borregaard (BRG) and Rayonier Advanced Materials (RYAM) have concluded a market, technical and engineering analysis regarding a new lignin operation at RYAM’s Fernandina Beach site in Florida to serve the growing demand for natural lignin-based products. The final review of the investment by the companies’ boards of directors is anticipated during the second half of 2016 upon receipt of final permits a... 
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05/24/16Rayonier Advanced Materials Announces Second Quarter 2016 Dividend
JACKSONVILLE, Fla.--(BUSINESS WIRE)--May 24, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a second quarter cash dividend of $0.07 per share of common stock of the corporation. The dividend is payable on June 30, 2016 to stockholders of record on June 16, 2016. About Rayonier Advanced Materials Rayonier Advanced Materials is the leading global supplier of high... 
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05/02/16Rayonier Advanced Materials Reports Solid First Quarter Results
Q1 2016 pro forma EBITDA of $54 million Transformation initiative targeting $75 to $90 million cost reduction on-track 2016 pro forma EBITDA outlook raised by $10 million to $185 to $200 million 2016 Adjusted free cash flow outlook raised to $85 to $95 million JACKSONVILLE, Fla.--(BUSINESS WIRE)--May 2, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) today ... 
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04/13/16Rayonier Advanced Materials Schedules First Quarter Earnings Release
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Apr. 13, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its first quarter 2016 earnings on Monday, May 2, 2016, after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Tuesday, May 3, 2016, at 10:00 a.m. EDT to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonieram.com. A re... 
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03/17/16Rayonier Advanced Materials Announces Contract Extension with Daicel
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Mar. 17, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company amended its existing agreement with Daicel Corporation, its third largest customer, and extended the term of the agreement through calendar year 2018. "For 65 years, Daicel has been a valued partner and we are pleased to have extended our contract for another two years,” stated Paul Boynton, Chairman, President... 
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02/26/16Rayonier Advanced Materials Announces First Quarter 2016 Dividend
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Feb. 26, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a first quarter cash dividend of $0.07 per share of common stock of the corporation. The dividend is payable on March 31, 2016 to stockholders of record on March 17, 2016. About Rayonier Advanced Materials Rayonier Advanced Materials is the leading global supplier of hi... 
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02/01/16Rayonier Advanced Materials Reports Full Year and Fourth Quarter Results
Announces Three-Year Transformation Initiative to Improve Cost Structure Full year pro forma EBITDA of $238 million exceeds guidance Adjusted free cash flow for 2015 of $124 million, an $11 million improvement from 2014 2016 EBITDA expected to be $175 to $190 million JACKSONVILLE, Fla.--(BUSINESS WIRE)--Feb. 1, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) to... 
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01/11/16Rayonier Advanced Materials Scheduled to Release Fourth Quarter Earnings on February 2
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jan. 11, 2016-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its fourth quarter 2015 earnings on Monday, February 1, 2016, after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Tuesday, February 2, 2016, at 10 a.m. EST to discuss these results. Supplemental materials and access to the live webcast will be available at www.rayonieram.com. ... 
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