NYSE$RYAM
Rayonier Advanced Materials Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Rayonier AM's Q2 2020 results were impacted by COVID-19, but the company focused on cost control and cash flow improvement.
Rayonier Advanced Materials reported a loss from continuing operations of $13 million for the second quarter of 2020, which was $6 million better than the comparable quarter in 2019. The company's EBITDA was $19 million, down $2 million from the same quarter in 2019. COVID-19 and non-cash corporate expenses offset improvements in Forest Products and Paperboard. The company generated $16 million of free cash flow and expects a $31 million cash refund in the fourth quarter from 2019 taxes.
- Second quarter loss from continuing operations was $13 million, $6 million better than comparable quarter in 2019.
- Second quarter EBITDA of $19 million, down $2 million from comparable quarter in 2019.
- High Purity Cellulose segment improved from first quarter of 2020 driven by higher commodity volumes and lower costs.
- $16 million of Free Cash Flow generated in the second quarter, improving liquidity to $166 million.
Headline financials
Revenue & EPS history
Rayonier AM · Revenue · Quarterly
$397M
Revenue by segment
Rayonier AM · $86M total across 2 segments · Q2 2020
- Paperboard$43M-14.0%50.0%
- High-Yield Pulp$43M-33.8%50.0%
Forward guidance
The company suspended its guidance due to the uncertainty of the magnitude and timing of economic recovery due to the COVID-19 pandemic and the risk of supply chain disruptions beyond the control of the Company.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2020
-0.1%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+6.3%
Avg return
30 days after
43%
23 / 53 earnings
Positive
+34.0%
Q1 2016
Best reaction
-40.2%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.7% | -0.6% | — | |
| Q4 2025 | +16.5% | +9.6% | +13.3% | |
| Q3 2025 | -8.9% | -4.3% | -3.5% | |
| Q1 2025 | -6.6% | -7.1% | -7.6% | |
| Q4 2024 | -17.6% | -28.0% | -33.5% | |
| Q3 2024 | +20.9% | +22.5% | +5.3% | |
| Q2 2024 | +33.5% | +30.0% | +39.9% | |
| Q1 2024 | -0.5% | +12.2% | +36.9% | |
| Q4 2023 | -21.9% | -13.7% | +9.1% | |
| Q3 2023 | +4.4% | +6.7% | +17.5% | |
| Q2 2023 | -23.4% | -23.2% | -30.2% | |
| Q1 2023 | -17.5% | -21.1% | -20.6% | |
| Q4 2022 | +27.9% | +30.3% | -3.7% | |
| Q3 2022 | +31.9% | +56.9% | +73.8% | |
| Q2 2022 | +15.3% | +26.5% | +14.7% | |
| Q1 2022 | +14.4% | +5.3% | -25.7% | |
| Q4 2021 | +6.4% | +13.3% | +29.9% | |
| Q3 2021 | -5.3% | -10.1% | -26.0% | |
| Q2 2021 | -4.3% | +2.4% | +3.0% | |
| Q1 2021 | -26.7% | -18.6% | -17.4% | |
| Q4 2020 | -7.8% | +22.7% | +8.0% | |
| Q3 2020 | +12.9% | +11.4% | +114.7% | |
| Q2 2020 | +10.2% | +10.9% | +11.9% | |
| Q1 2020 | +9.4% | +41.7% | +130.9% | |
| Q4 2019 | -17.8% | -9.3% | -55.2% | |
| Q3 2019 | -18.6% | +0.9% | -8.8% | |
| Q2 2019 | -40.2% | -41.6% | -22.7% | |
| Q1 2019 | -35.2% | -40.0% | -52.9% | |
| Q4 2018 | -6.0% | -3.7% | -13.1% | |
| Q3 2018 | +6.0% | +5.9% | +5.0% | |
| Q2 2018 | +11.4% | +14.6% | +17.9% | |
| Q1 2018 | -8.7% | -5.1% | -9.6% | |
| Q4 2017 | +12.3% | +10.2% | +9.7% | |
| Q3 2017 | +7.2% | +16.0% | +30.5% | |
| Q2 2017 | -5.5% | -7.1% | -7.1% | |
| Q1 2017 | -8.1% | +0.5% | +31.2% | |
| Q4 2016 | -20.8% | -19.6% | -21.8% | |
| Q3 2016 | -5.6% | -8.9% | +5.1% | |
| Q2 2016 | +4.7% | -11.0% | -10.7% | |
| Q1 2016 | +34.0% | — | — | |
| Q4 2015 | -0.4% | — | — | |
| Q3 2015 | +15.5% | — | — | |
| Q2 2015 | +15.4% | — | — | |
| Q1 2014 | +12.4% | — | — | |
| Q1 2015 | +12.4% | — | — | |
| Q4 2012 | -0.4% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2014 | -9.4% | — | — | |
| Q3 2013 | -3.4% | — | — | |
| Q3 2014 | -8.1% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q4 2013 | -1.2% | — | — | |
| Q2 2014 | -12.6% | — | — |
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