RAYONIER ADVANCED MATERIALS INC
For the period ended Sep 28, 2024. Filed Nov 6, 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.
Sep 28, 2024 · Filed Nov 6, 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 | Nine Months Ended | |||
|---|---|---|---|---|
| September 28, 2024 | September 30, 2023 | September 28, 2024 | September 30, 2023 | |
| Net sales | $401,103 | $368,670 | $1,207,804 | $1,220,844 |
| Cost of sales | (357,534) | (359,938) | (1,079,165) | (1,160,044) |
| Gross margin | 43,569 | 8,732 | 128,639 | 60,800 |
| Selling, general and administrative expense | (22,685) | (21,162) | (65,569) | (58,653) |
| Foreign exchange gain (loss) | (1,828) | 624 | 1,641 | (1,510) |
| Asset impairment (Note 2) | (25,169) | — | (25,169) | — |
| Indefinite suspension charges (Note 2) | (7,825) | — | (14,451) | — |
| Other operating income (expense), net | (2,862) | (2,634) | 3,381 | (4,939) |
| Operating income (loss) | (16,800) | (14,440) | 28,472 | (4,302) |
| Interest expense | (20,479) | (21,015) | (62,604) | (51,949) |
| Components of pension and OPEB, excluding service costs (Note 14) | 783 | 501 | 1,900 | (834) |
| Other income (expense), net | (173) | 3,281 | 1,748 | 6,894 |
| Loss from continuing operations before income tax | (36,669) | (31,673) | (30,484) | (50,191) |
| Income tax benefit (Note 15) | 4,595 | 5,392 | 5,916 | 11,227 |
| Equity in loss of equity method investment | (524) | (259) | (1,427) | (1,591) |
| Loss from continuing operations | (32,598) | (26,540) | (25,995) | (40,555) |
| Income from discontinued operations, net of tax (Note 3) | — | 1,440 | 3,217 | 312 |
| Net loss | $(32,598) | $(25,100) | $(22,778) | $(40,243) |
| Basic and Diluted earnings per common share (Note 12) | ||||
| Loss from continuing operations | $(0.49) | $(0.41) | $(0.40) | $(0.62) |
| Income from discontinued operations | — | 0.02 | 0.05 | — |
| Net loss | $(0.49) | $(0.39) | $(0.35) | $(0.62) |
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