Rayonier Advanced Materials sees EBITDA missing guidance thanks to Irma

|About: Rayonier Advanced Materials (RYAM)|By:, SA News Editor

Rayonier's (NYSE:RYAM) Fernandina Beach, FL and Jesup, GA facilities are back to running at full capacity.

The production interruption and restart costs are expected to cut net income by $6M and  pro forma EBITDA by $9M. Reduced sales volumes and shipping delays should add another $1M to the net income hit and $3M to pro forma EBITDA.

Full-year net income is now seen at $31M and pro forma EBITDA slightly below the low end of previous $190M-$200M guidance.

Source: Press Release