Earnings ·
Reports Q3 loss of $229M on $221M impairments; idles Canadian plant
RYAMRayonier Advanced Materials Inc.
Rayonier Advanced Materials reported a net loss of $229 million, or $3.40 per diluted share, for the quarter ended September 26, 2026, driven by non-cash asset impairments of $221 million in its Paperboard & High Yield Pulp segment. Consolidated Adjusted EBITDA was $52 million, a 30% sequential increase, while High Purity Cellulose income rose to $44 million. The company economically idled production at its Temiscaming facility on October 3 due to U.S. tariffs rendering operations uneconomic, with estimated carrying costs of $2 million to $3 million per month. A strategic review for the site is ongoing, with a conclusion targeted for Q1 2027. The company operates in the high purity cellulose and paperboard industries.