RAYONIER ADVANCED MATERIALS INC

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

RYAM$5.69-3.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in thousands, except per share amounts)

	Year Ended December 31,
	2023	2022	2021
Net sales	$1,643,330	$1,717,267	$1,407,558
Cost of sales	(1,555,176)	(1,594,184)	(1,332,836)
Gross margin	88,154	123,083	74,722
Selling, general and administrative expense	(75,712)	(91,475)	(75,789)
Foreign exchange gain (loss)	(2,999)	4,726	875
Asset impairment	(62,300)	—	—
Other operating expense, net (Note 18)	(12,407)	(10,199)	(10,253)
Operating income (loss)	(65,264)	26,135	(10,445)
Interest expense	(73,810)	(66,183)	(66,394)
Components of pension and OPEB, excluding service costs (Note 17)	98	4,960	(4,337)
Gain (loss) on GreenFirst equity securities (Note 3)	—	5,197	(3,597)
Other income, net	6,502	6,069	1,901
Loss from continuing operations before income tax	(132,474)	(23,822)	(82,872)
Income tax (expense) benefit (Note 19)	32,311	(902)	34,688
Equity in loss of equity method investment	(1,984)	(2,653)	(1,585)
Loss from continuing operations	(102,147)	(27,377)	(49,769)
Income from discontinued operations, net of tax (Note 3)	312	12,458	116,183
Net income (loss)	$(101,835)	$(14,919)	$66,414
Basic and Diluted earnings per common share (Note 15)
Loss from continuing operations	$(1.57)	$(0.42)	$(0.78)
Income from discontinued operations	—	0.19	1.83
Net income (loss)	$(1.57)	$(0.23)	$1.05

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.