Earnings Releases·Nov 3, 2026, 4:19 PM ET

Rayonier Advanced Materials Inc. — Third Quarter 2026 Earnings Summary

Consolidated net sales rose 8% year-over-year to $383 million, while Adjusted EBITDA increased 24% year-over-year to $52 million; however, reported net loss from continuing operations was $229 million ($3.40 per share), primarily driven by $221 million in non-cash impairments.
The Paperboard & High Yield Pulp segment reported a $224 million operating loss due to $210 million in asset impairments and the economic idling of the Temiscaming site following a 50% U.S. tariff on Canadian paperboard, whereas the High Purity Cellulose segment generated $43 million in operating income.
Management targets concluding its strategic review in Q1 2027, though progress is delayed by tariff-related uncertainty at Temiscaming, which incurs estimated carrying costs of $2 million to $3 million monthly.
The company maintains a net secured leverage ratio of 4.0 times with $143 million in global liquidity, while construction continues on the Altamaha Green Energy project and a $3 million insurance recovery was recognized in the HPC segment.