New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 13, 2014
17:23 EDTRYAMRayonier Advanced Materials could reward investors, Barron's says
Rayonier Advanced Materials shares look attractive and have plenty of upside due to encouraging outlook, Barron's contends in its "Sizing Up Small Caps" column. Reference Link
News For RYAM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2015
11:23 EDTRYAMRayonier Advanced Materials announces strategic repositioning
Rayonier Advanced Materials announced a $25M investment to better align assets to current market conditions, improve operating efficiency and increase commodity throughput. In response to the persistent imbalance of supply and demand in the cellulose specialties market, the company will reconfigure its asset base to modify its 190,000 ton C-line at the Jesup plant for the permanent production of commodity products, specifically fluff and viscose. Certain assets that were installed on the C-line during the cellulose specialties expansion will be repositioned to the A-line to replace less efficient equipment. Upon completion in the first quarter of 2016, the company’s overall cellulose specialties capacity will be reduced by 190,000 tons, or 28%, while its annual fluff and viscose production capacity will increase by approximately 11% to 245,000 tons annually. The company's strategic repositioning is expected to reduce costs by approximately $14M annually, in part driven by a reduction of 43 manufacturing positions, and requires a one-time, non-cash write-off of $28M related to abandoned assets.
11:21 EDTRYAMRayonier Advanced Materials backs FY15 pro forma EBITDA view of $210M-$225M
Subscribe for More Information
11:20 EDTRYAMRayonier Advanced Materials reports Q2 pro forma EPS 39c, consensus 26c
Reports Q2 revenue $221M, consensus $216.22M.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use