Quarterly ResultMay 5, 2026, 04:28 PM
RYAM Q1 Net Loss $81M, Sales $319M; Adjusted EBITDA $8M
AI Summary
Rayonier Advanced Materials Inc. reported a net loss of $81 million for the first quarter of 2026, a significant decline from the prior year, on net sales of $319 million. The loss includes a $41 million non-cash charge related to the permanent idling of dissolving wood pulp production at its Temiscaming HPC plant. Despite the financial declines, the company generated $12 million in adjusted free cash flow and is conducting a strategic review to maximize shareholder value, while maintaining expectations for full-year EBITDA above 2025 levels and positive free cash flow.
Key Highlights
- Reported Q1 2026 net loss of $81 million, compared to $32 million loss in Q1 2025.
- Net sales for Q1 2026 were $319 million, a $34 million decrease from prior year.
- Adjusted EBITDA for the quarter was $8 million, down $9 million from prior year.
- Incurred $41 million non-cash charge for permanently idling Temiscaming HPC plant.
- Generated $32 million cash from operations and $12 million Adjusted Free Cash Flow.
- High Purity Cellulose net sales decreased $16 million to $263 million.
- Paperboard & High Yield Pulp net sales decreased $18 million to $56 million.
- Total Debt stood at $763 million; Net Secured Debt at $705 million.