Rayonier Advanced Materials Inc
NYSE:RYAM
Rayonier Advanced Materials Inc
Rayonier Advanced Materials, Inc. engages in the production and sale of cellulose products, which is a natural polymer commonly used in the production of cellphones and computer screens, filters, and pharmaceuticals. The company is headquartered in Jacksonville, Florida and currently employs 2,500 full-time employees. The company went IPO on 2014-06-16. The Company’s offering includes cellulose specialties, a natural polymer commonly used in the production of specialty chemicals and polymers for use in producing liquid crystal displays, filters, textiles and performance additives for pharmaceutical, food and other industrial applications. The firm produce lightweight paperboard and a bulky, high-yield pulp for use in consumer products. The firm also produces cellulose specialties to use both hardwood and softwood fibers, kraft and sulfite cooking processes, and a variety of chemical treatments to provide customized product functionality. The firm also manufactures paperboard in the Temiscaming plant in Quebec, Canada. The paperboard is used for printing documents, brochures, promotional materials, packaging, paperback book or catalog covers, file folders, tags, and tickets.
Rayonier Advanced Materials, Inc. engages in the production and sale of cellulose products, which is a natural polymer commonly used in the production of cellphones and computer screens, filters, and pharmaceuticals. The company is headquartered in Jacksonville, Florida and currently employs 2,500 full-time employees. The company went IPO on 2014-06-16. The Company’s offering includes cellulose specialties, a natural polymer commonly used in the production of specialty chemicals and polymers for use in producing liquid crystal displays, filters, textiles and performance additives for pharmaceutical, food and other industrial applications. The firm produce lightweight paperboard and a bulky, high-yield pulp for use in consumer products. The firm also produces cellulose specialties to use both hardwood and softwood fibers, kraft and sulfite cooking processes, and a variety of chemical treatments to provide customized product functionality. The firm also manufactures paperboard in the Temiscaming plant in Quebec, Canada. The paperboard is used for printing documents, brochures, promotional materials, packaging, paperback book or catalog covers, file folders, tags, and tickets.
Free cash flow: 2025 FCF was negative USD 88 million; management's top priority is to deliver positive free cash flow in 2026.
Execution plan: New CEO Scott Sutton laid out a three‑point plan — drive FCF, assert leadership and lift pricing in Cellulose Specialties, and improve EBITDA across every business — with a goal to exit 2026 with momentum into 2027.
Pricing action: 85% of Cellulose Specialties book is now under pricing agreements averaging an 18% increase, with an expected ~20% volume loss; the remaining 15% may come at higher increases and is unresolved into H2.
Portfolio playbook: Management will actively 'level up / level down' product exposure (a NASCAR/leaderboard analogy) to maximize contribution margin across specialties, commodities and biomaterials rather than permanently divesting or closing businesses.
Trade relief timing: Company expects a preliminary countervailing-duty determination on Brazilian imports later this month (March) and a preliminary antidumping determination covering Brazil and Norway in May — remedies could be additive.
Biomaterials/Tartas: Management is working to run Tartas harder to provide feedstock for BioNova (ethanol, lignosulfonates) and sees Biomaterials as a growth contributor, not the sole growth engine.
Capital structure: Improved operational performance is intended to enable refinancing to reduce interest expense and fixed charges; management flagged high‑cost debt as a constraint today.
No immediate asset sales: Management stated they are not selling or closing businesses today; Paperboard and High‑Yield Pulp will be improved via new products and better operating performance.
