RAYONIER ADVANCED MATERIALS Reports Earnings Results for Q2 2023
August 27, 2023
☀️Earnings Overview
RAYONIER ADVANCED MATERIALS ($NYSE:RYAM) reported their earnings for the quarter ending June 30 2023 on August 8 of that year, with total revenue of USD 385.0 million, 3.6% lower than same period of FY2022. Net income was USD -17.0 million, showing a decrease of -23.3 million over the same quarter of the previous year.
Market Price
The stock opened at $4.2 and closed the day at $4.2, a decrease of 0.5% from the previous closing price of $4.3. This marks the second consecutive quarter of declines in the stock’s prices and raises questions about the sustainability of future performance for the company. The largest contributors to the loss were attributed to costs associated with strategic projects such as growth initiatives and cost-saving measures.
In response to the earnings report, analysts remain cautiously optimistic moving forward. With a well-diversified business model and improving financials, RAYONIER ADVANCED MATERIALS is well-positioned to continue delivering long-term value to shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RYAM. More…
| Total Revenues | Net Income | Net Margin |
| 1.82k | 18.06 | 0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RYAM. More…
| Operations | Investing | Financing |
| 188.96 | -105.2 | -77.08 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RYAM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.31k | 1.49k | 12.46 |
Key Ratios Snapshot
Some of the financial key ratios for RYAM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | -13.6% | 3.6% |
| FCF Margin | ROE | ROA |
| 4.6% | 4.9% | 1.8% |
Analysis
At GoodWhale, we believe in empowering our customers to make informed decisions when it comes to their investments. That’s why we provide an in-depth analysis of RAYONIER ADVANCED MATERIALS through our platform. We rate the company as a medium risk investment, taking into account both financial and business factors. We have also detected 2 risk warnings in RAYONIER ADVANCED MATERIALS’ income sheet and balance sheet. To get a better understanding on the financial health of the company, make sure to register on our website and check it out! More…
Peers
The company competes with Altech Chemicals Ltd, Supreme Petrochem Ltd, and Nanogate SE. All three companies are well-positioned to continue to grow and gain market share in the cellulose fiber market.
– Altech Chemicals Ltd ($ASX:ATC)
Altech Chemicals Ltd is an Australian-based chemicals company. The Company is engaged in the business of developing and commercializing technologies for the production of alumina from non-bauxite sources. It has developed the HPA production process, which is a hydrometallurgical process that converts raw materials, including kaolin clay, into alumina. The Company’s HPA production process involves the digestion of kaolin clay with hydrochloric acid, precipitation of aluminum hydroxide from the solution, calcination of the aluminum hydroxide to produce alumina, and cooling and washing of the product to produce a white powder known as alumina trihydrate.
– Supreme Petrochem Ltd ($LTS:0W1E)
Nanogate SE is a Germany-based company that develops, produces, and sells nanoscale coatings, surface treatments, and additives. It operates in three segments: Automotive, Industry, and Home. The Automotive segment provides solutions for the automotive industry, such as for the exterior and interior of vehicles. The Industry segment offers solutions for the electronics, optics, and plastics industries, among others. The Home segment provides solutions for the kitchen and bathroom industry, among others.
Summary
Rayonier Advanced Materials reported their earnings results for Q2 of FY2023, showing a decrease in total revenue of 3.6% and a decrease in net income of -23.3 million year-over-year. This is concerning for potential investors, as it indicates that the company has seen a decrease in earnings, with a negative net income. Investors should review the company’s financials further to better understand why the company is underperforming compared to previous quarters. Factors such as customer demand, competitive pressures, and operational efficiency should all be considered before investing in the company.
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