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Rayonier Advanced Materials Inc (RYAM.N)

RYAM.N on New York Stock Exchange

20.42USD
21 Feb 2018
Change (% chg)

$-0.12 (-0.58%)
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Latest Key Developments (Source: Significant Developments)

Rayonier Advanced Materials Reports Q4 Earnings Per Share $5.01
Tuesday, 20 Feb 2018 06:30am EST 

Feb 20 (Reuters) - Rayonier Advanced Materials Inc ::RAYONIER ADVANCED MATERIALS REPORTS FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.50.Q4 EARNINGS PER SHARE $5.01.Q4 SALES ROSE 51 PERCENT TO $349 MILLION.RAYONIER ADVANCED MATERIALS - ANTICIPATES THAT IT WILL SPEND ABOUT $100 MILLION TO $110 MILLION IN MAINTENANCE CAPITAL EXPENDITURES ACROSS ITS BUSINESSES IN 2018​.  Full Article

Tembec reports preliminary results of consideration elections related to Rayonier​ transaction
Tuesday, 14 Nov 2017 08:58am EST 

Nov 14 (Reuters) - Rayonier Advanced Materials Inc ::Tembec Inc - ‍announces preliminary results of consideration elections in connection with transaction with Rayonier​.Tembec - ‍shareholders representing 1.6 million Tembec shares elected to receive per share cash amount.Tembec - shareholders representing 67.9 million Tembec shares elected to receive per share stock consideration​.  Full Article

Rayonier Advanced Materials reports Q3 earnings per share $0.28
Wednesday, 1 Nov 2017 04:20pm EDT 

Nov 1 (Reuters) - Rayonier Advanced Materials Inc :Rayonier Advanced Materials Inc reports third quarter 2017 results.Q3 pro forma earnings per share $0.18.Q3 earnings per share $0.28.Q3 sales $210 million versus I/B/E/S view $210.6 million.Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Rayonier Advanced Materials Inc - ‍full year projected net income and pro forma EBITDA now anticipated to be about $25 million and $180 million, respectively​.Rayonier Advanced Materials Inc - ‍on-track for $30 million of cost transformation improvements in 2017 with $23 million achieved year-to-date​.  Full Article

Rayonier sees lower 2017 sales volumes for cellulose specialties products
Friday, 20 Oct 2017 09:02am EDT 

Oct 20 (Reuters) - Rayonier Advanced Materials Inc :Rayonier - ‍due to "operational upset" at a customer, sales volumes in 2017 for cellulose specialties products expected to be lower than expected​.Rayonier - ‍company believes impact from "operational upset​" to be limited to Q4 of 2017.Rayonier - ‍impact to revenue estimated to be between $15- $30 million, or about 3 percent of expected FY revenues from operational upset​.  Full Article

Rayonier Advanced Materials expects $12 mln pro forma EBITDA impact from Irma
Tuesday, 19 Sep 2017 04:15pm EDT 

Sept 19 (Reuters) - Rayonier Advanced Materials Inc :Rayonier Advanced Materials expects $7 million net income and $12 million pro forma EBITDA impact from Hurricane Irma.Rayonier Advanced Materials- Operations at Fernandina beach and Jesup facilities running at full capacity after shutdown of operations due to Hurricane Irma.Rayonier Advanced Materials- Forecasts FY net income of about $31 million,pro forma EBITDA at/slightly below bottom end of original $190 to $200 million guidance.  Full Article

Rayonier Advanced Materials announces restart of operations after Hurricane Irma
Tuesday, 12 Sep 2017 04:15pm EDT 

Sept 12 (Reuters) - Rayonier Advanced Materials Inc :Rayonier Advanced Materials - ‍Beginning to restart core systems on Tuesday at Fernandina Beach, Fla., Jesup, Ga. Facilities.Rayonier Advanced Materials Inc - ‍Expects operations to be running at full production capacity by weekend​.  Full Article

Rayonier Advanced Materials temporarily suspends operations due to Hurricane Irma
Friday, 8 Sep 2017 04:15pm EDT 

Sept 9 (Reuters) - Rayonier Advanced Materials Inc :Rayonier Advanced Materials Inc temporarily suspends operations due to Hurricane Irma.Rayonier Advanced Materials Inc - ‍ temporarily suspending operations beginning Sept 8 at Fernandina beach, fla. And jesup, Ga. Facilities.  Full Article

Rayonier and Tembec receive antitrust clearance from Competition Bureau of Canada
Friday, 18 Aug 2017 09:00am EDT 

Aug 18 (Reuters) - Rayonier Advanced Materials Inc :Rayonier Advanced Materials and Tembec announce antitrust clearance from the Competition Bureau of Canada in connection with the transaction.Rayonier Advanced Materials Inc - ‍Subject to obtaining other necessary approvals, transaction will be completed in Q4 of 2017​.  Full Article

Rayonier Advanced Materials enters first restatement agreement to amend and restate credit agreement
Friday, 18 Aug 2017 06:28am EDT 

Aug 18 (Reuters) - Rayonier Advanced Materials Inc :On Aug 17 co entered first restatement agreement to amend and restate credit agreement, dated as of June 24, 2014​.Amended agreement will provide for $230 million U.S. Dollar-Denominated senior secured term A-1 loan facility.Amendment will provide for senior secured credit facilities comprised of $100 million senior secured revolving credit facility​.Amendment will provide for senior secured credit facilities of $150 million-senior secured revolving credit facility - SEC filing.Amended agreement will provide a $450 million u.s. Dollar-Denominated senior secured term a-2 loan facility - SEC filing.  Full Article

Rayonier Advanced Materials and Tembec announce antitrust clearance from Chinese Ministry Of Commerce in connection with the transaction
Friday, 11 Aug 2017 05:00pm EDT 

Aug 11 (Reuters) - Rayonier Advanced Materials Inc :Rayonier Advanced Materials and Tembec announce antitrust clearance from Chinese Ministry Of Commerce in connection with the transaction.Tembec Inc - ‍expected that transaction will be completed in Q4 of 2017​.  Full Article

BRIEF-Rayonier Says During Term Of Agreement Marcato Will Not Acquire Ownership Interest Of 7.5 Pct Or More Of Voting Stock​

* RAYONIER ADVANCED MATERIALS- DURING TERM OF AGREEMENT WITH CO, MARCATO WILL NOT ACQUIRE OWNERSHIP INTEREST OF 7.5% OR MORE OF CO'S VOTING STOCK​