Rayonier Advanced Materials reports positive Q2, 2024 results

Rayonier Advanced Materials Inc. (RYAM)
August 6, 2024
Category: Finance & Economics
Region: United States, US East

JACKSONVILLE, Florida — Rayonier Advanced Materials Inc. (RYAM) reported results for its second quarter ended June 29, 2024. Highlights include: Net sales for the second quarter of $419 million, up $34 million from prior year quarter; Income from continuing operations for the second quarter of $8 million, up $24 million from prior year quarter; and Adjusted EBITDA from continuing operations for the second quarter of $68 million, up $41 million from prior year quarter, including $10 million of CEWS benefits recognized. …“Demand for cellulose specialties has remained higher than expectations and margins have improved as we have minimized losses associated with commodity viscose pulp driven by our decision to suspend operations at our Temiscaming High Purity Cellulose plant,” stated De Lyle Bloomquist, President and CEO of RYAM.

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