Rayonier Advanced Materials Q2 sales beat estimates on cellulose pricing gains

Rayonier Advanced Materials

04/08/2026 21:49

Overview
U.S. high purity cellulose maker's preliminary Q2 net sales rose 11% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 rose 43% yr/yr, driven by higher cellulose specialties pricing and improved operations
Loss from continuing operations narrowed sharply from $366 mln a year earlier

Outlook
Company says full-year trajectory remains on track with prior expectations
Company expects to generate positive free cash flow in 2026
Company expects to conclude strategic review and communicate a path forward during Q4

Result Drivers
CELLULOSE SPECIALTIES PRICING - Higher average sales prices for cellulose specialties, driven by newly negotiated 2026 agreements, boosted results
SALES VOLUME SHIFT - Cellulose commodities sales volume rose 94% yr/yr as plants shifted to commodity production due to lower orders for cellulose specialties
COST AND OPERATIONAL IMPROVEMENTS - Lower wood and fixed costs and improved operating rates supported operating income, partially offset by higher chemical and logistics costs

Company press release: ID:nBw7pTySsa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Sales
Beat
$376 mln
$361.17 mln (3 Analysts)
Q2 Loss Per Share
 
$0.49
 
Q2 Net Loss
 
$33 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the specialty chemicals peer group is "buy"
Wall Street's median 12-month price target for Rayonier Advanced Materials Inc. is $14.50, about 60.8% above its August 3 closing price of $9.02
The stock recently traded at 55 times the next 12-month earnings vs. a P/E of 88 three months ago

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Aug 4 - Synthomer shares jump as UK specialty chemicals firm lifts 2026 outlook
Aug 4 - DuPont narrows annual sales forecast on water business weakness, shares down

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)