JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jun. 5, 2020-- Rayonier Advanced Materials Inc. (the “Company”) today announced that, in working with its lenders under its Senior Secured Credit Agreement, it has entered into an amendment (the “Amendment”) under which, among other changes, the lenders have
JACKSONVILLE, Fla. --(BUSINESS WIRE)--May 5, 2020-- The Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) Board of Directors has elected De Lyle Bloomquist to serve as Chair of the Board. The Company previously announced the separation of the roles of Chair and Chief Executive Officer
COVID-19 Response Established safety protocols including working remotely, sanitizing workspaces and enhancing personal protection equipment Curtailing operations for products with significantly reduced demand and/or price; delaying annual maintenance outages to protect employees and operations
The Company Focuses Funds on Food and Mental Health Service Organizations JACKSONVILLE, Fla. --(BUSINESS WIRE)--Apr. 30, 2020-- Amid the COVID-19 pandemic, Rayonier Advanced Materials (NYSE: RYAM) through its two independent charitable foundations in the U.S.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Apr. 22, 2020-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its first quarter 2020 earnings on Tuesday, May 5, 2020 after the market closes. Rayonier Advanced Materials will host a conference call and live webcast at 9:00 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Mar. 25, 2020-- In response to the COVID-19 outbreak and its impact on certain business markets, Rayonier Advanced Materials Inc. (the “Company”) (NYSE:RYAM) announced curtailed production at seven Canadian locations.
Will Nominate and Appoint Two New Independent Directors to Board Announces Intention to Separate Chairman and CEO Roles Reiterates Commitment to Declassification of Board and Elimination of Supermajority Voting Provisions JACKSONVILLE, Fla. --(BUSINESS WIRE)-- Rayonier Advanced Materials Inc.
Fourth Quarter and 2019 Results Fourth quarter and full year 2019 loss from continuing operations of $57 million and $119 million due primarily to extremely weak commodity pricing, which alone negatively impacted results by $162 million in the full year period Took decisive action in 2019:
JACKSONVILLE, Fla. ,--(BUSINESS WIRE)--Feb. 11, 2020-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its fourth quarter 2019 earnings on Tuesday, February 25, 2020 after the market closes. Rayonier Advanced Materials will host a conference call and live webcast at 9:00 a.m.
Re-Proposes Declassification of Board of Directors and Elimination of Supermajority Voting Provisions JACKSONVILLE, Fla. --(BUSINESS WIRE)--Dec. 3, 2019-- Rayonier Advanced Materials Inc. (the “Company”) (NYSE:RYAM) announced today that the Company plans to re-submit two management proposals to the
Financial improvement from prior quarter due to greater reliability and reduced costs Successfully negotiated covenant package in September 2019 to provide flexibility to navigate challenging markets Executing Cellulose Specialties Go-to-Market strategy to improve margins; Price increases announced
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Nov. 4, 2019-- Rayonier Advanced Materials Inc. (NYSE: RYAM, the “Company”) announced today that it has completed its previously announced sale of the Matane, Quebec pulp mill and related assets to Sappi , a global diversified wood fiber company, for a total
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 24, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its third quarter 2019 earnings on Monday, November 4, 2019 after the market closes. Rayonier Advanced Materials will host a conference call and live webcast at 9:00 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 10, 2019-- Rayonier Advanced Materials Inc. , a global leader in the production and sale of High Purity Cellulose, will increase prices of its high-alpha and high-viscosity Cellulose Specialties products (including acetate, ethers, micro-crystalline
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Sep. 30, 2019-- Rayonier Advanced Materials Inc. (the “Company”) today announced that it has reached agreement with lenders under its Senior Secured Credit Agreement and entered into an amendment (the “Amendment”) under which, among other changes, the lenders
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Sep. 6, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has suspended its quarterly cash dividend on the Common Stock of the Company citing the need to prioritize its cash flow to repay indebtedness and
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Aug. 12, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that its Mandatory Convertible Preferred Stock will automatically convert to Common Stock of the Company on August 15 , in accordance with the terms of the prospectus supplement filed
Improved High Purity Cellulose sequential results as higher wood costs and operating issues were mitigated Go-to-Market strategy implementation yielding positive initial customer outcomes Sale of Matane high-yield manufacturing facility for $175 million ; anticipated to close in fourth quarter
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Aug. 1, 2019-- Rayonier Advanced Materials Inc. (the “Company”) (NYSE: RYAM) announced today that it has entered into an agreement to sell its Matane, Quebec pulp mill and related assets to Sappi Limited , a global diversified wood fiber company, for a purchase
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 25, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its second quarter 2019 earnings on Wednesday, August 7, 2019 after the market closes. Rayonier Advanced Materials will host a conference call and live webcast at 10:00 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 25, 2019-- Second paragraph, first sentence of release dated July 25, 2019 , the time for the conference call and live webcast should read 9:00 a.m. ET instead of 10:00 a.m. ET . The corrected release reads: RAYONIER ADVANCED MATERIALS SCHEDULES SECOND
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 18, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced that the Company’s board of directors has declared a second quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jun. 17, 2019-- Rayonier Advanced Materials (NYSE:RYAM) announced today that it is repositioning key members of its senior management team to drive the company’s Go-to-Market strategy and accelerate new product commercialization.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--May 21, 2019-- 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 Company. The dividend is payable on June 28, 2019 to
Significant increase in hardwood costs at Jesup plant coupled with unplanned downtime at Temiscaming plant led to operating loss in High Purity Cellulose segment Expect to improve financial performance ultimately returning EBITDA margins to high teens in the back half of 2019, subject to
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Apr. 29, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its first quarter 2019 earnings on Wednesday, May 8, 2019 after the market closes. Rayonier Advanced Materials will host a conference call and live webcast at 9:00 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Apr. 12, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a second quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Feb. 28, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) will be hosting an Investor Day on Thursday, March 7, 2019 at the New York Stock Exchange . Members of the executive management team will provide an overview of the Company’s strategy and key
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Feb. 20, 2019-- 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 Company. The dividend is payable on March 29, 2019 to
Full year 2018 net income of $128 million , or $1.96 per diluted common share; adjusted EBITDA of $364 million Full year 2018 operating cash flow of $247 million ; adjusted free cash flow of $152 million Balanced capital allocation with $45 million of debt reductions, $37 million of strategic
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Feb. 4, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its fourth quarter 2018 earnings on Wednesday, February 13, 2019 after the market closes. Rayonier Advanced Materials will host a conference call and live webcast at 10:00 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jan. 8, 2019-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced that the Company’s board of directors has declared a first quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Nov. 15, 2018-- Rayonier Advanced Materials Inc. (the “Company”) (NYSE:RYAM) announced today that the Company plans to submit two important management proposals to the Company’s stockholders for a vote at its next Annual Stockholder Meeting in May of 2019.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Nov. 8, 2018-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (the “Company”) announced today that it has entered into an accelerated share repurchase (“ASR”) agreement with JPMorgan Chase Bank , National Association (“JPMorgan”), to repurchase an aggregate of
Third quarter 2018 net income of $38 million and adjusted EBITDA of $99 million Year-to-date diluted earnings per share of $1.82 and adjusted net income per share of $1.53 ; 264 percent increase in adjusted earnings per share from prior year Year-to-date operating cash flow of $160 million ;
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 18, 2018-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its third quarter 2018 earnings on Monday, November 5, 2018 after the market closes. Rayonier Advanced Materials will host a conference call and live webcast at 10:00 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 4, 2018-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Sep. 19, 2018-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (the “Company”) announced today that it has sold its resins business to LRBG Chemicals, a company to be led by the current resins business management team, for a purchase price of approximately $16.5
Second quarter 2018 net income of $54 million and adjusted EBITDA of $106 million Year to date diluted earnings per share of $1.22 and adjusted net income per share of $0.99 ; 281 percent increase in adjusted earnings per share from prior year Strong performance in Pulp and Forest Products segments
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 19, 2018-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its second quarter 2018 earnings on Thursday August 2, 2018 after the market closes. Rayonier Advanced Materials will host a conference call and live webcast at 10:00 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 19, 2018-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a third quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jun. 27, 2018-- Rayonier Advanced Materials Inc. (NYSE: RYAM) and Borregaard ASA (BRG) announced today LignoTech Florida, owned 45 percent by RYAM and 55 percent by BRG, officially begun operations at the new lignin plant in Fernandina Beach .
JACKSONVILLE, Fla. --(BUSINESS WIRE)--May 22, 2018-- 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 Company. The dividend is payable on June 29, 2018 to
First quarter 2018 net income of $24 million and EBITDA of $86 million Diluted earnings per share of $0.38 ; 153 percent increase from prior year Pulp contributed significant EBITDA; Forest Products delivered solid profitability despite duties on U.S.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Apr. 25, 2018-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its first quarter 2018 earnings on Monday, May 7, 2018 after the market closes. Rayonier Advanced Materials will host a conference call and live webcast at 10:00 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Apr. 10, 2018-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced that the Company’s board of directors has declared a second quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Feb. 23, 2018-- 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 Company. The dividend is payable on March 30, 2018 to
Full year 2017 net income and adjusted EBITDA of $325 million and $212 million , respectively Excluding the impact of Tembec acquisition, full year adjusted EBITDA of $177 million , in-line with previous guidance $30 million of cost transformation improvements achieved in 2017 with an incremental
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Feb. 20, 2018-- Rayonier Advanced Materials Inc. (the “Company”) (NYSE: RYAM) today announced that the Company plans to add two new independent directors to its Board of Directors at the upcoming 2018 Annual Meeting of Stockholders, to be held on May 21, 2018 .
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Feb. 7, 2018-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its fourth quarter 2017 earnings on Tuesday, February 20, 2018 before the market opens. Rayonier Advanced Materials will host a conference call and live webcast at 10:00 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jan. 16, 2018-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a first quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. & MONTREAL --(BUSINESS WIRE)--Nov. 20, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that it has completed the acquisition of Tembec Inc. , combining two complementary high purity cellulose businesses and diversifying its product offerings with integrated
Third quarter net income of $16 million and pro forma EBITDA of $44 million unfavorably impacted by $3 million and $5 million , respectively, due to Hurricane Irma Full year projected net income and pro forma EBITDA now anticipated to be approximately $25 million and $180 million , respectively,
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 20, 2017-- Rayonier Advanced Materials (NYSE: RYAM) announced today that due to an operational upset earlier this month at a major customer, sales volumes in 2017 for its cellulose specialties products are anticipated to be lower than previously expected.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 19, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its third quarter 2017 earnings on November 1, 2017 , after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Thursday, November 2, 2017 ,
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 18, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. & MONTREAL --(BUSINESS WIRE)--Sep. 21, 2017-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (“ Rayonier Advanced Materials ”) and Tembec Inc. (TSX: TMB) (“ Tembec ”) announced today that, as a result of legislation that went into effect today, approval of the acquisition by
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Sep. 19, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that operations at its Fernandina Beach, Fla. and Jesup, Ga. facilities are back running at full capacity after an orderly shutdown of operations due to Hurricane Irma.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Sep. 12, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced that it is beginning to restart core systems today at its Fernandina Beach, Fla. and Jesup, Ga. facilities after Hurricane Irma passed through the area.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Sep. 8, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced that it is temporarily suspending operations beginning today at its Fernandina Beach, Fla. and Jesup, Ga. facilities as the threat of Hurricane Irma is leading to mandatory evacuations in the
JACKSONVILLE, Fla. & MONTREAL, Quebec --(BUSINESS WIRE)--Aug. 18, 2017-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (“ Rayonier Advanced Materials ”) and Tembec Inc. (TSX: TMB) (“ Tembec ”) announced today that they received clearance from the Competition Bureau of Canada (the “ Competition
JACKSONVILLE, Fla. & MONTREAL , Québec--(BUSINESS WIRE)--Aug. 11, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) (“ Rayonier Advanced Materials ”) and Tembec Inc. (TSX:TMB) (“ Tembec ”) announced today that they received notification from the Anti-Monopoly Bureau of the Ministry of Commerce of
JACKSONVILLE, Fla. & MONTREAL --(BUSINESS WIRE)--Aug. 7, 2017-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (“ Rayonier Advanced Materials ”) and Tembec Inc. (TSX: TMB) (“ Tembec ”) announced today that the Québec Superior Court issued a final order approving the previously announced statutory
Second quarter net income of $5 million impacted by unfavorable sales mix and acquisition costs; full year projected net income of $32 to $39 million Reaffirming pro forma EBITDA guidance at the high-end of $190 to $200 million initial range On-track for $30 million of cost transformation
JACKSONVILLE, Fla. & MONTREAL --(BUSINESS WIRE)--Jul. 31, 2017-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (“ Rayonier Advanced Materials ”) and Tembec Inc. (TSX: TMB) (“ Tembec ”) announced today that they received notification from the United States Department of Justice and the Federal Trade
JACKSONVILLE, Fla. & MONTREAL --(BUSINESS WIRE)--Jul. 27, 2017-- Rayonier Advanced Materials Inc. (“ Rayonier Advanced Materials”) (NYSE: RYAM) and Tembec Inc. (“Tembec”) (TSX: TMB) today announced that the holders of record of its common shares (the "Tembec Shareholders") have approved the
Increased Consideration Valued at C$4.75 Oaktree and Bennett Management Agree to Vote in Favor of the Arrangement Tembec shareholders should submit or update their proxies or voting instructions in advance of the meeting without delay JACKSONVILLE, Fla. & MONTREAL --(BUSINESS WIRE)--Jul.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 20, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a third quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 19, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its second quarter 2017 earnings on August 2, 2017 , after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Thursday, August 3, 2017 , at
Transaction provides compelling value to Tembec shareholders JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 17, 2017-- Rayonier Advanced Materials Inc. (the “Company” or “ Rayonier Advanced Materials”) (NYSE: RYAM) today reaffirmed its commitment to acquire Tembec Inc.
JACKSONVILLE, Fla. & MONTREAL --(BUSINESS WIRE)--Jul. 13, 2017-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (“ Rayonier AM ”) and Tembec Inc. (TSX: TMB) (“ Tembec ” or the “ Company ”) announced today that they have received notification of clearance from Germany's Federal Cartel Office in
- Immediately accretive to Rayonier Advanced Materials while delivering a significant premium at C$4.05 per share to Tembec shareholders - Combined company approximately US$2 billion in revenue and US$400 million in EBITDA including full synergies - Company to benefit from enhanced scale and
JACKSONVILLE, Fla. --(BUSINESS WIRE)--May 23, 2017-- 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 Company. The dividend is payable on June 30, 2017 to holders
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
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Apr. 19, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its first quarter 2017 earnings on May 1, 2017 , after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Tuesday, May 2, 2017 , at 10:00
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Mar. 24, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a second quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Feb. 24, 2017-- 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 Company. The dividend is payable on March 31, 2017 to holders
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Feb. 23, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) will host an Investor Day webcast on Thursday, March 16, 2017 , at 9:00 AM ET . Supplemental materials and access to the live audio webcast will be available at www.rayonieram.com .
Strong performance drives results exceeding 2016 guidance Full year 2016 net income and pro forma EBITDA of $73 million and $226 million , respectively $50 million of Cost Improvements achieved in 2016; surpassing target by $10 million Strategic focus on Cost Transformation, Market Optimization,
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jan. 17, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a first quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jan. 12, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its fourth quarter 2016 earnings on January 30, 2017 , after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Tuesday, January 31, 2017 ,
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
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
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.
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,
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.
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
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
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.
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
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,
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
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
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.
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
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.
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
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.
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
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Dec. 1, 2015-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company and Eastman Chemical Company , its largest customer, have settled their legal dispute and entered into a new cellulose specialties purchase and sale agreement that
Raises 2015 pro forma EBITDA guidance to approximately $230 million Continues progress toward $40 million cost-reduction initiative Reduces net debt by $86 million through first nine months and $136 million since separation JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct.
JACKSONVILLE,Fla.--(BUSINESS WIRE)--Oct. 19, 2015-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that Charles Edward (Eddie) Adair has been elected to its Board of Directors, effective immediately. Adair has been a Partner of venture capital management companies Cordova Ventures and
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 16, 2015-- 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 Dec.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 7, 2015-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its third quarter 2015 earnings on Thursday, October 29, 2015 , before the market opens. Rayonier Advanced Materials will host a conference call and live webcast at 10 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Sep. 23, 2015-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that, on Sept. 18 , the Company amended its existing agreement with Nantong Cellulose Fibers Company (NCFC), its second largest customer, and extended the term of the agreement through
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Aug. 19, 2015-- After the market close on August 18, 2015 , Rayonier Advanced Materials (NYSE:RYAM) filed an 8-K with the Securities and Exchange Commission discussing a lawsuit filed in Georgia state court for a declaratory judgment confirming the meaning of
Reiterates 2015 pro forma EBITDA guidance of $210 to $225 million Substantial progress on 2015 net debt and cost-reduction initiatives Announces strategic repositioning JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 30, 2015-- Rayonier Advanced Materials Inc.
Improves cost position at Jesup, Georgia facility Reduces cellulose specialties capacity by 190,000 tons or 28 percent Reinvigorates commitment to fluff products with capacity increase of 11 percent JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 30, 2015-- Rayonier Advanced Materials Inc.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 17, 2015-- 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, 2015 to
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 14, 2015-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its second quarter 2015 earnings on Thursday, July 30, 2015 , before the market opens. Rayonier Advanced Materials will host a conference call and live webcast at 2 p.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jun. 1, 2015-- Rayonier Advanced Materials (NYSE:RYAM) announced today that it has entered into a non-binding letter of intent (LOI) with Borregaard ASA to form a joint venture (JV) at its Fernandina Beach facility for the manufacturing, marketing and sale of
JACKSONVILLE, Fla. --(BUSINESS WIRE)--May 15, 2015-- 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, 2015 to
Raising 2015 EBITDA guidance to $210 to $225 million On track to achieve annualized cost savings of approximately $40 million Full year cellulose specialties volumes comparable to 2014/2013 $32 million reduction in net debt during the first quarter JACKSONVILLE, Fla.
JACKSONVILLE, Fla., April 10, 2015 – Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its first quarter 2015 earnings on Friday, May 1, 2015, before the market opens. Rayonier Advanced Materials will host a conference call and live webcast at 9 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Feb. 27, 2015-- 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, 2015 to
Pro forma EBITDA for the year was $267 million , in line with guidance Adjusted free cash flow for the second half of 2014 was $61 million Net debt reduced to $880 million from $930 million at time of separation Company announces $40 million in cost cutting initiatives for 2015 2015 EBITDA expected
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jan. 5, 2015-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its fourth quarter 2014 earnings on Wednesday, January 28, 2015 , before the market opens. Rayonier Advanced Materials will host a conference call and live webcast at 10 a.m.
CFO, Corporate Development and Strategic Planning Combined into Single Role JACKSONVILLE, Fla. --(BUSINESS WIRE)--Nov. 28, 2014-- Rayonier Advanced Materials (NYSE:RYAM) announced today that it had consolidated its senior management position of chief financial officer with corporate development and
Reaffirms Full Year Guidance Extends Significant Customer Contract Focuses on Initiatives that Drive Growth and Profitability JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 29, 2014-- Rayonier Advanced Materials (NYSE:RYAM) today reported third quarter 2014 net income of $19 million , or $0.46 per
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 17, 2014-- 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 Dec.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Oct. 1, 2014-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its third quarter 2014 earnings on Wednesday, October 29, 2014 , before the market opens. Rayonier Advanced Materials will host a conference call and live webcast at 10 a.m.
Specialty Chemicals Veteran to Lead Sales, Marketing, Strategic Sourcing and R&D Efforts JACKSONVILLE, Fla. --(BUSINESS WIRE)--Sep. 15, 2014-- Rayonier Advanced Materials (NYSE:RYAM) announced today that Thomas Benner is joining the company as Senior Vice President, Commercial, effective October 6
Concludes 36-year Career with the Company JACKSONVILLE, Fla. --(BUSINESS WIRE)--Sep. 8, 2014-- Rayonier Advanced Materials (NYSE:RYAM) today announced that after more than 36 years with the company, Jack Kriesel , Senior Vice President, Advanced Materials plans to retire effective December 31 .
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Sep. 4, 2014-- Rayonier Advanced Materials (NYSE:RYAM) chairman, president and CEO, Paul Boynton , will present at the KeyBanc Capital Markets® Basic Materials & Packaging Conference in Boston on Tuesday, September 9, 2014 , at 3:00 p.m. EDT . Mr.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jul. 10, 2014-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its second quarter 2014 earnings on Wednesday, July 30, 2014 , before the market opens. Rayonier Advanced Materials will host a conference call and live webcast at 10 a.m.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jun. 10, 2014-- Rayonier (NYSE:RYN) chairman, president and CEO, Paul Boynton , will provide an update on the planned spin-off of Rayonier’s Performance Fibers business, to be known as Rayonier Advanced Materials upon separation.
Accomplished Financial Executive Will Serve as Chief Accounting Officer of Rayonier Inc. Until Its Upcoming Separation into Two Industry-Leading Companies JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jun. 6, 2014-- Rayonier (NYSE:RYN) today announced the appointment of Benson K.
JACKSONVILLE, Fla. --(BUSINESS WIRE)--May 30, 2014-- Rayonier (NYSE:RYN) today announced the members of the boards of directors for Rayonier Inc. and Rayonier Advanced Materials Inc. following completion of Rayonier’s previously announced separation of its Performance Fibers business, which will be
Board Approves Distribution of Rayonier Advanced Materials Stock JACKSONVILLE, Fla. --(BUSINESS WIRE)--May 27, 2014-- Rayonier Inc. (NYSE:RYN) today announced that its Board of Directors has approved the separation of its Performance Fibers business, which will be known as Rayonier Advanced
Recruitment of New Directors for Both Companies and New Rayonier CEO Nearing Completion; CFO Transition Announced JACKSONVILLE, Fla. --(BUSINESS WIRE)--Apr. 28, 2014-- Rayonier Inc. (NYSE:RYN) today announced updates on the planned separation of its performance fibers business from its forest
JACKSONVILLE, Fla. --(BUSINESS WIRE)--Mar. 11, 2014-- Rayonier (NYSE:RYN) announced today that Frank A. Ruperto is joining the company as Senior Vice President, Corporate Development and Strategic Planning, effective March 31 , to assist the company with achieving its future growth priorities.
Performance Fibers Business to be Spun Off as Independent Company Rayonier to Retain Forest Resources and Real Estate Businesses JACKSONVILLE, Fla. --(BUSINESS WIRE)--Jan. 27, 2014-- Rayonier Inc. (NYSE:RYN) announced today it intends to separate its Performance Fibers business from its Forest
