NYSE:RYAMChemicals
Rayonier Advanced Materials (RYAM) Stock Rebounds On Margin Recovery And Debt Scrutiny
Rayonier Advanced Materials stock jumped about 10% to US$9.67 after earnings, which is a sharp move for a company that has been associated with heavy losses and a discounted valuation. The headline is not a return to profit. It is a clear step change in the income statement. Quarterly revenue reached US$376 million and the loss from continuing operations narrowed to US$33 million. That shift, plus US$40 million of adjusted earnings before interest, tax, depreciation and amortization, is what...