RAYONIER ADVANCED MATERIALS Reports Third Quarter FY2023 Earnings Results on September 30, 2023
November 30, 2023
☀️Earnings Overview
RAYONIER ADVANCED MATERIALS ($NYSE:RYAM) reported total revenue of USD 369.0 million for the third quarter of FY2023, a decrease of 20.8% year-over-year. Net income for the period was USD -25.0 million, a decrease of 55.0 million compared to the same quarter in the prior year. These results were reported on September 30, 2023.
Market Price
On September 30th, 2023, RAYONIER ADVANCED MATERIALS reported their third quarter FY2023 earnings results. The stock opened at $3.0 and closed at the same price, up by 2.7% from its prior closing price of $3.0. This marked the company’s seventh consecutive quarter of positive stock performance, continuing a trend of strong growth that has been seen over the past few years. RAYONIER ADVANCED MATERIALS’ strong financial performance is indicative of the company’s sound management and robust portfolio of products and services.
The company has continued to expand its operations and product offerings, while also investing in research and development to drive future growth. With these initiatives and the continued focus on cost efficiency, the company looks forward to further success in the coming quarters. 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 |
| 1.72k | -36.65 | -2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RYAM. More…
| Operations | Investing | Financing |
| 143.5 | -120.06 | -133.91 |
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 |
| 2.18k | 1.39k | 12.02 |
Key Ratios Snapshot
Some of the financial key ratios for RYAM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.4% | -13.6% | 1.2% |
| FCF Margin | ROE | ROA |
| 1.4% | 1.6% | 0.6% |
Analysis
After performing an analysis on RAYONIER ADVANCED MATERIALS’s wellbeing, we classified them as ‘rhino’ — a type of company that has achieved moderate revenue or earnings growth. Knowing this, investors interested in RAYONIER ADVANCED MATERIALS may be looking for companies that are strong in asset, but weak in dividend, growth and profitability. Our analysis also revealed that RAYONIER ADVANCED MATERIALS has an intermediate health score of 6/10 with regard to its cashflows and debt, which suggests that it might be able to safely ride out any crisis without the risk of bankruptcy. 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 released their third quarter FY2023 earnings results on September 30 2023, showing a decrease in total revenue by 20.8%. Net income was also down by 55.0 million compared to the same quarter in the previous year. Investing in RAYONIER ADVANCED MATERIALS may prove to be a risky endeavour, as their performance in the third quarter has not been up to par with previous quarters. Investors should ensure they are aware of all potential risks before investing in the company to make sure they do not experience any major losses.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
