Rayonier Advanced Materials Reports Q3 2026 Growth in High Purity Cellulose Amid Témiscaming Idling

Rayonier Advanced Materials (RYAM) reported third-quarter 2026 net sales of $383 million, an 8% increase year-over-year driven by strong performance in its High Purity Cellulose (HPC) segment. Despite the revenue growth and a 30% sequential increase in Adjusted EBITDA to $52 million, the company reported a loss from continuing operations of $229 million due to significant non-cash impairments related to its Témiscaming site. The company is currently navigating economic idling at the Témiscaming facility, which incurs monthly carrying costs of $2 million to $3 million. Management is strategically shifting production toward higher-margin Cellulose Specialties, which command a 170% premium over commodity cellulose pricing. While volumes for specialties declined year-over-year due to customer inventory management, margins expanded significantly during the quarter.

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