RYAM - Rayonier Advanced Non-GAAP EPS of -$0.31 misses by $0.11 revenue of $399M beats by $11.64M

• Rayonier Advanced press release ( NYSE: RYAM ): Q2 Non-GAAP EPS of -$0.31 misses by $0.11 .
• Revenue of $399M (+17.0% Y/Y) beats by $11.64M .
• “With the successful completion of the planned maintenance outages at each of our four manufacturing sites in the first half of 2022, we are well-positioned to increase productivity, profitability and cash flow,” said De Lyle W. Bloomquist, President and Chief Executive Officer. “Demand for all of our products remains strong. We are updating our full year Adjusted EBITDA guidance to exceed $160 million. With these expected stronger financial results and continued improvement in working capital, we expect to generate significant cash flow in the back half of the year which will allow us to further reduce our debt levels.”

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