RYAM - Rayonier Advanced Materials guides for $160M full-year EBITDA

Rayonier Advanced Materials (NYSE:RYAM) said Thursday it forecasts FY 2022 adjusted EBITDA of ~$160M, subject to supply chain volatility and timing of sales recognition, compared to $128M in the previous year. The company said it expects planned maintenance outages at all four of its manufacturing facilities will be completed by the end of this month. Rayonier (RYAM) also expects to reduce adjusted net debt to $725M by year-end 2022, which it believes will provide improved opportunities to refinance its 2024 debt maturity well ahead of the termination date. Rayonier (RYAM) recently named De Lyle Bloomquist as its new President and CEO, succeeding Vito Consiglio, who left the company after just five months on the job.

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Rayonier Advanced Materials guides for $160M full-year EBITDA