Rayonier Advanced Materials (RYAM) delivered earnings and revenue surprises of -100% and 19.67%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Despite Revenue Decline, Company Increases Free Cash Flow Guidance and Adjusted EBITDA Outlook
JACKSONVILLE, Fla., May 07, 2024--Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company") today reported results for its first quarter ended March 30, 2024.