Quarterly ResultMay 6, 2026, 01:48 PM
Rayonier Advanced Materials Q1 Net Loss $(81.6)M; Temiscaming Plant Idling
AI Summary
Rayonier Advanced Materials reported a net loss attributable to RYAM of $(81.6) million, or $(1.22) per common share, for the first quarter of 2026, a significant increase from the $(32.0) million loss in Q1 2025. Net sales decreased to $319.1 million from $352.6 million year-over-year. The company incurred $40.9 million in charges related to the permanent idling of its Temiscaming HPC plant and reorganized its segment structure.
Key Highlights
- Net loss attributable to RYAM was $(81.6) million in Q1 2026, compared to $(32.0) million in Q1 2025.
- Net loss per common share was $(1.22) in Q1 2026, up from $(0.49) in Q1 2025.
- Net sales decreased to $319.1 million in Q1 2026 from $352.6 million in Q1 2025.
- Incurred $40.9 million in charges for the permanent idling of the Temiscaming HPC plant.
- Operating loss widened to $(65.3) million in Q1 2026 from $(15.1) million in Q1 2025.
- High Purity Cellulose segment net sales were $262.9 million, down from $278.6 million.
- Paperboard & High Yield Pulp segment net sales were $56.1 million, down from $73.9 million.
- Cash provided by operating activities was $31.9 million, down from $39.6 million.