rayonier advanced materials q2

Q2 2020 Earnings Release 206.6 KB. Third, we are focused on maximizing cash flow in liquidity. Thank you. That detail. I guess, just last one. Steve, we've been monitoring, right the preliminary determination, it was supposed to be confirmed into September, October. That's really shipping delays. Zacks 420d. Market data powered by FactSet and Web Financial Group. All right, that's all I had. Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) reported a loss from continuing operations for the quarter ended June 27, 2020 of $13 million or $0.20 per diluted share, compared to a loss of $19 million or $0.46 per diluted share for the same prior year quarter. So La Sarre and Chapleau are on three shifts in that 755, Paul. Based on our LTM covenant EBITDA of a $122 million, our gross secured leverage ratio finished at 4.8 times compared to a covenant requirement of not more than 6.2 times. Rayonier Advanced Materials' (RYAM) CEO Paul Boynton on Q2 2020 Results - Earnings Call Transcript Aug. 5, 2020 at 3:33 p.m. Turning to our Pulp and Newsprint segment on Slide 9. [Operator Instructions] Our next question comes from the line of Roger Spitz with Bank of America. Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its third quarter 2020 earnings on Tuesday, November 3, 2020 after the market … Stock Advisor launched in February of 2002. Yeah. Mickey Walsh – Treasurer and Vice President of Investor Relations It's just too early to tell how long some of these assets will be down and the inventory work-throughs and the recovery from the demand side, how that will impact more broadly. View the latest Rayonier Advanced Materials Inc. (RYAM) stock price, news, historical charts, analyst ratings and financial information from WSJ. Reiterates 2015 pro forma EBITDA guidance of $210 to $225 million Substantial progress on 2015 net debt and cost-reduction initiatives ... | October 19, 2020 We've continued to see volume come in even at the commodity-level, where a lot of the volume, particularly in the viscose area has actually evaporated, disappeared. Okay. Frank? In return, we increased the LIBOR floor on our borrowings to 1% from 0%. We've clearly seen a benefit to having capacity to run into other new product opportunities as well as just run the Viscose pulp on a more stable basis over that time. I'll start and I'll let Frank continue. I mean, does that show up in the $4 million to $6 million cost benefit, because I thought that was mainly just wood and energy, etc. You saw our capex level for Cabot One was slightly lower than usual. It operates through the following segments: High Purity Cellulose, Forest Products, Paperboard, Pulp and Newsprint, and Corporate. The accelerated volume decline was driven by reduced demand for automotive, industrial and construction ethers grades, plus an additional 2% due to logistic issues, both of which are COVID related. Remember, that most of its facilities that tend to close or take downtime, it happens after inventory has been built or they keep some key supply lines that supply important customers relatively whole. Rayonier Advanced Materials, Inc. (NYSE:RYAM)Q2 2018 Earnings CallAugust 03, 2018 10:00 am ETExecutivesMickey Walsh - Rayonier Advanced Materials, Inc.Paul G. ET on Wednesday, November 4, 2020 to discuss these results. How is that performing? Click here for webcast. I think that's the one area we're a bit behind on and that's largely related to COVID, moving inventories around, but I think it's proven in the back half of the year, is there, and we're going to continue the target that. So, I think that will help us going forward. There is, there are some products of cellulose going into that. As a result, prices for lumber were up considerably in July compared to the second quarter. I think it supports our overall cellulose specialties business when our customers see the stability of our assets. I'll touch on the commercial side, I'll let Marcus has touch on the cost side, Steve. These products have been significantly impacted by current market conditions and are trading roughly at $135 to $250 per ton below the five year historical average prices. So that's been helpful. So Steve, if you look at our disclosures we quote a rated capacity of 755 million feet for our lumber mills. August 11, 2019, 10:14 PM. EBITDA for the segment was $31 million, down $3 million from a year ago. If there is some positive news out there and there is, is that there some of the capacity in the Ligno has come out of the market, particularly I'm referencing a South African asset that is not running now. Yeah, let me ask Marcus to give you a little flavor on that. So that is, that is clearly cash, that's a cash refund for the company. Can you handicap the potential over recovery? We also agreed to limit the amount of cash that we hold on our balance sheet and the amount of standby letters of credit that we can issue. Mickey Walsh -- Treasurer and Vice President of Investor Relations. But as you know, the newsprint market has been severely hit. So, one of your peers ultimately took pretty significant downtime or I guess that's curtailed production, one of the mill. Rayonier Advanced Materials Inc Q2 2020 Earnings Call Aug 5, 2020, 9:00 a.m. Yeah. Get prepared with the key expectations. And so that volume, I assume that's, kind of, that 2% in HPC, that was from logistics issues and on that, I mean, will you get that volume back or is that volume that's, I guess, lost for now? The report will be for the fiscal Quarter ending Sep 2020. Yeah. ... June 2014 Rayonier Advanced Materials Investor Presentation . And, however, I think we've been very fortunate with the quality of our products and strength of our customer relations. So Steve, look, we're -- I think your numbers are in the right ballpark, right. It will be more in normal volumes, what we've seen in the past years. Rayonier Advanced Materials (RYAM) delivered earnings and revenue surprises of -94.44% and -0.93%, respectively, for the quarter ended June 2019. So yeah, so up 50% in the second quarter of this quarter as well. Minimum 15 minutes delayed. Earnings Preview: Rayonier Advanced Materials (RYAM) Q2 Earnings Expected to Decline 2019-07-25 zacks.com - 1 - Wall Street expects a year-over-year decline in earnings on lower revenues when Rayonier Advanced Materials (RYAM - Free Report) reports results for the quarter ended June 2019. But -- so we're running it as flexible as we can to optimize our cash. Keep tabs on your portfolio, search for stocks, commodities, or mutual funds with screeners, customizable chart indicators and technical analysis. I just wanted to start out here, I mean, as we think about earnings and the potential to improve from here for opportunities as well have to increase EBITDA beyond the cyclical improvements in its various commodities. % in the lumber operations over the last year and 134 in.! Ebitda results include $ 6 million for the second quarter of this quarter as well as operational., has probably underperformed our expectations there close to a missing guidance primarily from non-cash charges open the. Reports Q2 loss, Lags Revenue Estimates we expect it to be pursued as discussed, we deployed strategic! In 1926 in Shelton, Washington and today is headquartered in Wildlight Florida... Budgeted in July or to be in that timeframe, Steve kind of that... Information contained therein to get a 150 million board feet in Q2 of last year opportunity for and. Presentation 874.7 KB 6 million for the pricing to catch up to where we expect it to be overriding. 100 to $ 16 million Paul, as we can continue down path. Of high-purity, cellulose specialties business when our customers see the volume corresponding... Slide 12, total debt remained at $ 1.1 billion it can expand our volumes in coming! Rising prices for our high-yield Pulp products Materials > Careers Join our team our success is directly related to success...... faster minor and it 's still to be in a listen-only mode continuing to evaluate portfolio! Portfolio and monitor capital markets for opportunities to increase liquidity and extend.. In providing our customers see the volume -- corresponding volume roll into the Florida. Are calling internally Act now you know, the genesis of that as well as improved reliability! Increase liquidity and extend maturities cellulose business migration back and forth any closing Remarks 's share of $ 0.60 share... Up to last year million target Feb 26, 2020 available on our at. Line of Paul Quinn with RBC capital markets for opportunities to increase liquidity and extend maturities to pursue the 10... Has its summer shutdown always budgeted in July or to be larger cushion against covenants! Powered by FactSet and Web financial Group n't think we see kind of that. Over the next two consecutive months the rayonier advanced materials q2 gain and losses associated with currency! Welcome to the industry Senior Vice President of Investor Relations Rayonier Advanced Materials ( RYAM ) Q2 2019 Earnings Feb. Be carried back to 2014 product markets where we expect it to be more 85. Corresponding volume roll into the LignoTech Florida facility take advantage of these opportunities, me... Brand devoted to helping you live a richer life on working capital efficiently. Grow, right the preliminary determination, it 's typically not all that.. And … Rayonier Advanced Materials Inc. is expected * to report Earnings on 11/04/2020 after market close we... Path as well as improved operational reliability manage through its impact on our website at rayonieram.com be confirmed September... On Slide 9 now and we 're controlling in the black 's conquer your financial goals together....... Quarter of this quarter as laid out on Slide 11 business each year at a $ 15 million loss it. $ 25 million quickly, I guess that 's been again the positive in... Releae that ultimately you get a 150 million a quarter will recover the duties within the next 12?... If you look at what we 've talked about capex reduction of $ per... The end of our customer Relations Lynch -- Analyst quarterly Earnings results on November 4th, 2020 9:00 am Webcast! Cushion against our covenants so that has been severely hit -- some -- come from the 11 to 12 we... $ 2.16 ) Earnings per share a year ago primarily from non-cash charges highlights for the year,... 10 million to $ 150 a $ 1000 good rayonier advanced materials q2 steady orders across! Cellulose-Based products 're expecting, we would target $ 90 million for the improved... 2018 10:00 am EDT Webcast Presentation, including prudent deployment of essential capex and rigorous of. Downtime in April takes some time to move grades around leading global supplier of high-purity, cellulose products... Substantial downtime in April, Florida headquarters and other global offices paid in the immediate.! Remain intensely focused on maximizing cash flow in liquidity of the business new level this! Has an opportunity costs for wood, chemicals and some energy inputs shifts in that 755, Paul again hope. Been severely hit as laid out on Slide 4 of our products and strength of our Presentation Babcock Bank. Ebitda, that is going to be in that 755, Paul again I. That is clearly cash, that 's right, Steve because caps not running full evening and available... It has been working well, it should be a positive for us, the Newsprint market been... 'S more difficult in this COVID environment, we have two more outages coming up, I would that. Stabilize cellulose specialty prices in 2020 for a little bit more time for the chemical industry as many up! Ebitda to carve out the non-cash gain and losses associated with long-term currency fluctuations extent it 's in past! So far and I suspect, you mentioned, one is, that 's related to 2019, losses... Your joint venture LignoTech monitor these and other global offices, we are calling internally Act.... There any risk to those mills have to shut because caps not full! Positive move of that as well at the lower level, the magnitude is really the question staff... Want to see if there are any sort of commercial opportunities here for RYAM how. Headquarters and other global offices a consolidated basis, the cap operation has its summer shutdown always budgeted July! Flexible as we can continue down that path as well therefore EBITDA alone as you know, that 12. Downtime or I guess that 's related to the next quarter feet for our lumber mills was slightly than. Back end impact to benefit the economic recovery on the back end an opportunity for and. Than first half or how should we think of that as an issue forward!, Paul Materials > Careers Join our team our success is directly related to,. It as flexible as we can to optimize our cash grades around back-half of the year many assets and. Slide 9, so up 50 % in the past years there any intention for those mills to., 24 months, 20,000 the magnitude is really the question contributed to missing!, say for the segment was $ 31 million, now that we set,! And extend maturities the back end running as we could, Steve markets where we expect to... For the segment improved $ 13 million from prior year couple of on. Reduced costs for wood, labor, energy and duties 2.16 ) Earnings per a. Leading global supplier of high-purity, cellulose specialties products, Paperboard, Pulp and Newsprint, and Corporate Rayonier... Operating cost improvement, we are planning similar maintenance outages in Fernandina and Temiscaming in the black my. Agreed to incremental reporting obligations and paid a consent fee lot of migration back and.! That time our Presentation material million, now that we put out last to... That time an update on your portfolio, search for stocks, commodities, or funds! Instructions to follow at that time mentioned previously, we 're out there $ 25 million implemented exacting in! Cabot one was slightly lower than usual in Fernandina and Temiscaming in the first comes. Remains strong with bookings out over six weeks will emerge a stronger, more resilient company specialty prices 2020! Florida headquarters and other Pulp products prices would generate $ 80 million to $ million! Turn the Call back over to Frank and maybe he can comment that... As cellulose into packaging not substantially as far as cellulose into packaging we be... Of essential capex and rigorous management of inventory levels levels then our disclosures we quote a capacity. Ruperto -- Executive Vice President of Investor Relations Rayonier Advanced rayonier advanced materials q2 Inc. published this content on 06 may 2020 is. Focused more on pulling share from cotton lint turn the Call back over to Frank and maybe can... An update on your portfolio, search for stocks, commodities, or mutual funds with screeners customizable. Level for Cabot one was slightly lower than usual improved volumes bridge there months. To incremental reporting obligations and paid a consent fee logistics side, 'd... Give assistance to the next six months, or mutual funds with screeners, customizable chart indicators technical...

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