Rayonier Advanced Materials: Fourth Quarter Earnings Overview
Rayonier Advanced Materials Reports Fourth-Quarter Loss
Rayonier Advanced Materials Inc., based in Jacksonville, Florida, announced on Tuesday that it recorded a net loss of $21 million for the fourth quarter.
The company reported a loss of 32 cents per share for the quarter. After excluding one-time expenses, the adjusted loss was 28 cents per share.
During this period, the cellulose products manufacturer generated $417 million in revenue.
Looking at the full year, Rayonier Advanced Materials posted a total loss of $420 million, translating to $6.33 per share, with annual revenue reaching $1.47 billion.
Report generated by Automated Insights using data provided by Zacks Investment Research.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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