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published in Blogs
Jan 17, 2023
Rayonier Advanced Materials (RYAM, $7.47) posts prelim Q4 results

Rayonier Advanced Materials (RYAM, $7.47) posts prelim Q4 results

Rayonier Advanced Materials Inc. announced preliminary results for the fourth-quarter.

The chemical company estimates income from continuing operations of -$1 million to $3 million, compared with a loss of $28 million in the year-ago quarter. For the full-year, it expects to incur a loss from continuing operations of -$28 million to -$32 million, versus a loss of $50 million in 2021.

Fourth-quarter revenue is expected to be in the range of $488 million to $508 million, vs. last year's $374 million. For the full-year, Rayonair estimates revenue of $1.705 billion to $1.725 billion, higher than $1.408 billion of in the prior year.

Related Tickers: RYAM