Rayonier Advanced Materials Inc. reported its financial results for the second quarter of 2026, revealing a net loss of $32.7 million, or $0.49 per share, compared to a net loss of $363.2 million, or $5.44 per share, in the same quarter of the previous year. The company’s net sales increased by 11% to $376.1 million, up from $340.0 million in the prior year, primarily driven by higher average sales prices in cellulose specialties and increased sales volumes in cellulose commodities, paperboard, and high yield pulp. However, the overall profitability was impacted by a non-cash asset impairment of $13 million and higher costs associated with chemicals and logistics.
In the first half of 2026, Rayonier's net sales remained relatively flat at $695.2 million compared to $696.0 million in the same period of 2025. The company experienced a significant increase in costs, with total cost of sales rising to $680.0 million from $648.3 million, leading to an operating loss of $71.7 million for the six months ended June 27, 2026, compared to a loss of $16.4 million in the prior year. The increase in operating loss was attributed to non-cash charges related to the permanent idling of the Temiscaming HPC plant and higher operational costs.
Strategically, Rayonier Advanced Materials has reorganized its operations into two segments: High Purity Cellulose and Paperboard & High Yield Pulp, effective January 2026. This restructuring aims to enhance operational efficiency and align with market demands. The company is also actively pursuing opportunities in sustainable aviation fuel production through partnerships, including a grant agreement with the European Climate, Infrastructure and Environmental Executive Agency for its Renewable e-SAF Tartas project.
Operationally, Rayonier reported a total of 67,634,382 shares of common stock outstanding as of June 27, 2026. The company has been focusing on improving its cash generation and maintaining liquidity, with cash and cash equivalents totaling $57.0 million at the end of the reporting period. The company’s liquidity position is supported by a $175 million asset-based revolving credit facility, of which $76 million was available for borrowing. Looking ahead, Rayonier anticipates continued improvement in its operational performance, particularly in cellulose specialties, while navigating challenges related to market conditions and input cost inflation. The company is committed to enhancing shareholder value through disciplined capital allocation and strategic initiatives.
About RAYONIER ADVANCED MATERIALS INC.
Rayonier Advanced Materials is a global producer of cellulose specialties, bio-based biomaterials, paperboard, and high-yield pulp. Its products serve markets in packaging, textiles, pharmaceuticals, food, and industrial applications. The company emphasizes sustainability, responsible forestry, and renewable energy use. Its business model leverages proprietary processes, flexible manufacturing, and strategic investments to deliver high-quality, customized solutions across diverse end markets.
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