Rayonier Advanced Materials Inc. — Third Quarter 2026 Earnings Summary

Rayonier Advanced Materials Inc. reported a net loss of $229 million for the third quarter of 2026, primarily driven by $221 million in non-cash asset impairments related to its Paperboard & High Yield Pulp segment. The company economically idled its Temiscaming paperboard and high yield pulp production on October 3, 2026, following the implementation of 50% U.S. tariffs on Canadian paperboard which rendered operations uneconomic. Despite these challenges, the High Purity Cellulose segment delivered strong sequential growth with Adjusted EBITDA increasing to $73 million and total cellulose shipments rising 4%. Consolidated Adjusted EBITDA for the quarter was $52 million, inclusive of $2 million in tariff-related costs, while year-to-date Adjusted Free Cash Flow improved to $2 million.