Recent Updates — RYAM
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.
Rayonier Advanced Materials Inc. reported second quarter 2026 results with net sales increasing 18% sequentially to $376 million and loss from continuing operations improving to $33 million, or $(0.49) per diluted share, compared to a loss of $81 million in the prior quarter. Adjusted EBITDA rose to $40 million from $8 million in the first quarter. The company announced that Daniel M. Krawczyk has joined as President and Chief Executive Officer to lead a strategic review of alternatives expected to conclude by the fourth quarter 2026. Rayonier Advanced Materials Inc. operates in the specialty chemicals industry, producing high purity cellulose for filters, pharmaceuticals, plastics, and other industrial applications.
R. Colby Slaughter, Senior Vice President, General Counsel and Corporate Secretary, will resign from Rayonier Advanced Materials Inc. effective August 7, 2026. The company operates in the specialty and specialty-grade cellulosics and cellulosics-based products industry, providing high-sustainability-value products for high-performance and high-cellulosics-based products.
Rayonier Advanced Materials Inc. appointed Daniel M. Krawczyk as Chief Executive Officer and President, effective June 22, 2026. Krawczyk also joined the Board of Directors as a Class III director. Previously the President of Huber Engineered Materials, Krawczyk's compensation package includes a $1,000,000 annual base salary, a $750,000 sign-on bonus, and a $3,300,000 equity grant. He will also receive a $1,750,000 inducement award of leveraged performance units tied to share price growth over a three-year period. The appointment succeeds an interim Office of the CEO. Rayonier Advanced Materials Inc. is a specialty chemicals and biomaterials company.