RYAM Announces Strong Third Quarter 2024 Results, Reiterates EBITDA Guidance, Increases Free Cash Flow Guidance and Successfully Refinances its Capital Structure
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Rayonier Advanced Materials Inc. (NYSE:RYAM) reported strong Q3 2024 results, reiterating EBITDA guidance, increasing free cash flow guidance, and successfully refinancing its capital structure. The company generated $99 million in adjusted free cash flow, aiding a $37 million debt reduction.
November 05, 2024 | 9:30 pm
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Rayonier Advanced Materials reported strong Q3 2024 results, with solid demand for cellulose specialties, improved product mix, and managed operating costs. The company increased its free cash flow guidance and successfully refinanced its capital structure.
The strong financial results, increased free cash flow guidance, and successful refinancing indicate a positive outlook for RYAM. The solid demand for cellulose specialties and improved product mix suggest continued profitability, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100