RYAM Reports Third Quarter 2026 Results
Key Highlights
- ➤Adjusted EBITDA $52 million, up 30% sequentially
- ➤$221 million non-cash impairments drove a $229 million quarterly loss
- ➤Temiscaming production idled October 3 after U.S. tariffs
- ➤HPC operating income rose to $43 million from $29 million sequentially
- ➤Strategic review conclusion targeted for Q1 2027
Expert Statements
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“RYAM delivered another strong quarter in HPC, with higher earnings, increased cellulose shipments and positive cash generation building on the progress we have made since the first quarter.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“My time with customers and our teams has reinforced my confidence in the strength of our Cellulose Specialties franchise.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“Our commodity production mix currently masks the full value of that franchise and dilutes our average realized cellulose price.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“Our CS products and technical expertise support customers’ manufacturing efficiency and differentiate their finished products.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“Commodity losses continue to weigh on HPC’s overall results, making a production mix more heavily weighted toward CS a clear and urgent priority.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“We remain focused on growing CS volumes, loading plant production capacity more heavily toward CS and capturing product value, alongside continued operating improvements.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“We also see opportunities to create long-term value by leveraging our existing infrastructure, including through the Altamaha Green Energy project at Jesup, where construction is underway.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“Since joining RYAM, I have made advancing the strategic review a priority, and we continue to work actively with interested parties.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“U.S. tariffs on Canadian paperboard and the resulting October 3 economic idling at Temiscaming have slowed the review as parties seek greater clarity on the site’s path forward and its implications for the broader business.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“We are managing site costs and evaluating all options for Temiscaming.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“We are actively providing additional information to help interested parties assess the full value of RYAM, while discussing strategic alternatives to strengthen our CS franchise more quickly.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“Our mandate is to maximize shareholder value, and we are continuing to strengthen the business throughout the review.”
Dan Krawczyk, President and Chief Executive Officer of Rayonier Advanced Materials
“Given the complexities of these discussions, we are targeting a conclusion of the strategic review in Q1 2027.”
Temiscaming production economically idled following U.S. tariffs
* Loss from Continuing Operations of $229 million adjusted for non-cash impairments of $221 million was $8 million, a 60% sequential improvement
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