Reports Q3 revenue $401M, consensus $410.1M. “RYAM delivered another solid quarter of financial results as we continued to improve our product mix and manage operating costs. Demand for cellulose specialties has remained solid supporting the improved product mix and margins. We also generated $99 million of Adjusted Free Cash Flow, which supported a $37 million reduction of net secured debt in the quarter. As a result, we reduced our net secured leverage ratio to 2.8 times covenant EBITDA,” stated De Lyle Bloomquist, President and CEO of RYAM.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RYAM:
- RYAM Upcoming Earnings Report: What to Expect?
- Rayonier Advanced Materials Announces Cash Tender Offer
- Rayonier’s Jesup facility resumes full production ahead of schedule
- Rayonier Advanced Materials announces power restored to Georgia site
- Rayonier Advanced Materials falls -9.2%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
