Rayonier Advanced Materials posts Q3 loss, idles Temiscaming plant and extends strategic review
Rayonier Advanced Materials reported third‑quarter 2026 net sales of $383 million and a net loss of $229 million, or $3.40 per share. Adjusted EBITDA rose 30% to $52 million while the Temiscaming paperboard and high‑yield pulp facility was economically idled on October 3 after a 50% U.S. tariff. The company said the strategic review will now conclude in the first quarter of 2027.
Why it matters
The company’s larger loss and plant idling highlight near‑term earnings pressure, but the 30% rise in adjusted EBITDA shows operational improvement. The delayed strategic‑review timeline adds uncertainty about future restructuring or sale options.
Key facts
- 1Net sales were $383 million for the quarter. sec.gov
- 2Adjusted EBITDA increased 30% sequentially to $52 million. sec.gov
- 3Loss from continuing operations was $229 million, or $(3.40) per diluted share. sec.gov
- 4Temiscaming paperboard and high‑yield pulp production was economically idled on October 3, 2026. stocktitan.net
- 5Tariff‑related costs in the quarter were $2 million. sec.gov
- 6The strategic review is now targeted to conclude in Q1 2027. stocktitan.net
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.