RAYONIER ADVANCED MATERIALS Reports Second Quarter Fiscal Year 2023 Earnings Results on June 30 2023

August 11, 2023

Categories: Chemicals, Earnings ReportTags: , , Views: 23

☀️Earnings Overview

On June 30, 2023, RAYONIER ADVANCED MATERIALS ($NYSE:RYAM) released their earnings results for the second quarter of FY 2023. Total revenue for the quarter was USD 385.0 million, a 3.6% decline from the same period in the prior year. Net income was reported as USD -17.0 million, which was lower than the -23.3 million in the prior year.

Price History

Its stock opened at $4.2 and closed at the same price, down by 0.5% from the last closing price of $4.3. Overall, RAYONIER ADVANCED MATERIALS’ second quarter fiscal year 2023 earnings report was mixed, with a decrease in revenue and operating income but an increase in cash and cash equivalents and dividend payments. Investors will be closely watching the company’s future performance to determine whether these investments will pay off in the long term. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • 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%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for RYAM. More…

    Operations Investing Financing
    188.96 -105.2 -77.08
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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 12.5
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale conducted an analysis of RAYONIER ADVANCED MATERIALS’s fundamentals and classified it as a ‘cheetah’ company. This means that the company has achieved high revenue or earnings growth, but may be considered less stable due to lower profitability. This type of company is likely to be of interest to investors who are looking for a higher risk/reward opportunity. RAYONIER ADVANCED MATERIALS has an intermediate health score of 6/10 with regard to its cash flows and debt, which suggests that it is likely to be able to sustain future operations in times of crisis. Looking at each individual metric, RAYONIER ADVANCED MATERIALS is strong in assets, medium in growth, profitability, and weak in dividend. Overall, RAYONIER ADVANCED MATERIALS appears to be a company that offers investors a higher risk/reward opportunity with reasonable prospects for long-term success. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • 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.


    RAYONIER ADVANCED MATERIALS reported their earnings for the second quarter of 2023, with total revenue of USD 385.0 million, which was 3.6% lower than the same period in the prior year. Net income declined from -23.3 million to -17.0 million. This indicates that the company’s financial performance has been negatively impacted, and investors should take a more cautious approach when considering RAYONIER ADVANCED MATERIALS as an investment option. The company should take steps to improve their earnings and expand their business operations in order to gain a competitive advantage in the market.

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