US75508B1044 - Common Stock
Rayonier Advanced Materials (RYAM) shares plunge 27% after reporting lower-than-expected profit; weak demand in cellulose ethers and paperboard products...
Rayonier Advanced (RYAM) reported Q4 Non-GAAP EPS of -$0.22, missing estimates by $0.14, but revenue of $422M beat expectations by $11.73M.
Clearwater Paper (CLW) is downgrade at RBC after reporting Q3 adjusted earnings of $2.19/share on declining revenues.
Tronox Holdings (TROX) falls 7.5% after J.P. Morgan downgrades to Neutral.
Rayonier Advanced Materials (RYAM) expects lower Q3 results and full-year outlook.
The company is seeing softness in some of its core end markets.
Rayonier Advanced press release (RYAM): Q2 GAAP EPS of -$0.26 misses by $0.14.Revenue of $385M (-3.5% Y/Y) misses by $12.86M.
Rayonier Advanced Materials (RYAM) has obtained $250 million in secured term loan financing from funds managed by Oaktree Capital Management LP, the company said Thursday