Rayonier Advanced Materials ( (RYAM) ) has released its Q4 earnings. Here is a breakdown of the information Rayonier Advanced Materials presented to its investors.
Rayonier Advanced Materials (RYAM) is a global leader in cellulose-based technologies, producing high purity cellulose specialties used in various industrial applications, and is also involved in the production of biofuels and biomaterials. The company operates in the High Purity Cellulose, Paperboard, and High-Yield Pulp segments with operations in the U.S., Canada, and France.
In its latest earnings report, RYAM announced a significant improvement in its financial performance for 2024, with a notable increase in Adjusted EBITDA and a reduction in net loss compared to the previous year. The company also highlighted strategic advancements in its biomaterials strategy and a successful refinancing of its debt.
Key financial metrics for 2024 included net sales of $1,630 million, a $60 million improvement in loss from continuing operations, and a 60% increase in Adjusted EBITDA to $222 million. The company reduced its net debt by $73 million and generated $128 million in Adjusted Free Cash Flow. RYAM also secured €67 million for future biomaterials investments and refinanced its debt with a new five-year loan.
Looking ahead to 2025, RYAM expects to continue prioritizing value over volume in its core cellulose specialties markets, advance its biomaterials strategy, and achieve production efficiencies. The company anticipates Adjusted EBITDA between $215 million and $235 million and Adjusted Free Cash Flow between $25 million and $45 million, despite potential headwinds in its Paperboard business.
Overall, RYAM remains focused on strengthening its core business and expanding its biomaterials segment, with plans for strategic investments and operational improvements in the coming year.