RAYONIER ADVANCED MATERIALS INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
RYAM$5.69-3.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net sales | $1,630,308 | $1,643,330 | $1,717,267 |
| Cost of sales | (1,464,726) | (1,555,176) | (1,594,184) |
| Gross margin | 165,582 | 88,154 | 123,083 |
| Selling, general and administrative expense | (92,258) | (75,712) | (91,475) |
| Foreign exchange gain (loss) | 7,429 | (2,999) | 4,726 |
| Asset impairment (Notes 3 and 8) | (25,169) | (62,300) | — |
| Indefinite suspension charges (Note 2) | (16,630) | — | — |
| Other operating income (expense), net (Note 19) | 527 | (12,407) | (10,199) |
| Operating income (loss) | 39,481 | (65,264) | 26,135 |
| Interest expense | (85,715) | (73,810) | (66,183) |
| Components of pension and OPEB, excluding service costs (Note 18) | 2,924 | 98 | 4,960 |
| Gain on GreenFirst equity securities (Note 4) | — | — | 5,197 |
| Debt refinancing charges | (10,195) | 361 | 651 |
| Other income, net | 4,305 | 6,141 | 5,418 |
| Loss from continuing operations before income tax | (49,200) | (132,474) | (23,822) |
| Income tax (expense) benefit (Note 20) | 8,928 | 32,311 | (902) |
| Equity in loss of equity method investment | (1,652) | (1,984) | (2,653) |
| Loss from continuing operations | (41,924) | (102,147) | (27,377) |
| Income from discontinued operations, net of tax (Note 4) | 3,217 | 312 | 12,458 |
| Net loss | (38,707) | (101,835) | (14,919) |
| Net income attributable to redeemable noncontrolling interest (Note 2) | 37 | — | — |
| Net loss attributable to RYAM | $(38,744) | $(101,835) | $(14,919) |
| Basic and Diluted earnings per common share (Note 16) | |||
| Loss from continuing operations | $(0.64) | $(1.57) | $(0.42) |
| Income from discontinued operations | 0.05 | — | 0.19 |
| Net loss per common share | $(0.59) | $(1.57) | $(0.23) |
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