RAYONIER ADVANCED MATERIALS INC
For the period ended Jun 29, 2024. Filed Aug 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 7, 2024
RYAM$5.90-9.1%Stored close · as of Nov 6, 2026
Contents
Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 29, 2024 | July 1, 2023 | June 29, 2024 | July 1, 2023 | |
| Net sales | $419,045 | $385,413 | $806,701 | $852,174 |
| Cost of sales | (370,736) | (370,785) | (721,631) | (800,106) |
| Gross margin | 48,309 | 14,628 | 85,070 | 52,068 |
| Selling, general and administrative expense | (21,809) | (17,996) | (42,884) | (37,491) |
| Foreign exchange gain (loss) | 558 | (1,461) | 3,469 | (2,134) |
| Indefinite suspension charges (Note 2) | (6,626) | — | (6,626) | — |
| Other operating income (expense), net | 7,765 | (1,627) | 6,243 | (2,305) |
| Operating income (loss) | 28,197 | (6,456) | 45,272 | 10,138 |
| Interest expense | (21,270) | (15,438) | (42,125) | (30,934) |
| Components of pension and OPEB, excluding service costs (Note 14) | 197 | 399 | 1,117 | (1,335) |
| Other income, net | 651 | 3,307 | 1,921 | 3,613 |
| Income (loss) from continuing operations before income tax | 7,775 | (18,188) | 6,185 | (18,518) |
| Income tax benefit (Note 15) | 849 | 3,249 | 1,321 | 5,835 |
| Equity in loss of equity method investment | (451) | (683) | (903) | (1,332) |
| Income (loss) from continuing operations | 8,173 | (15,622) | 6,603 | (14,015) |
| Income (loss) from discontinued operations, net of tax (Note 3) | 3,217 | (1,128) | 3,217 | (1,128) |
| Net income (loss) | $11,390 | $(16,750) | $9,820 | $(15,143) |
| Basic and Diluted earnings per common share (Note 12) | ||||
| Income (loss) from continuing operations | $0.12 | $(0.24) | $0.10 | $(0.22) |
| Income (loss) from discontinued operations | 0.05 | (0.02) | 0.05 | (0.02) |
| Net income (loss) | $0.17 | $(0.26) | $0.15 | $(0.24) |
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