Rayonier Advanced Materials: Q1 Earnings Snapshot
JACKSONVILLE, Fla. (AP) _ Rayonier Advanced Materials Inc. (RYAM) on Tuesday reported a loss of $27 million in its first quarter.
On a per-share basis, the Jacksonville, Florida-based company said it had a loss of 43 cents.
The maker of cellulose products posted revenue of $465 million in the period.
Rayonier Advanced Materials shares have climbed 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.12, increasing sixfold in the last 12 months.