Rayonier Advanced Materials sees FY25 adjusted EBITDA $215M-$235M vs. $222M y/y

The company states: “Beginning in January 2025, the Company reorganized its High Purity Cellulose operating segment as a result of changes in its internal operating model, the BioNova developments and a successful enterprise reporting system launch that significantly enhances the Company’s financial reporting capabilities. Specifically, the Company determined, in light of these new developments and capabilities, that the performance and outlook of the High Purity Cellulose business will be better managed as three separate businesses: Cellulose Specialties, Cellulose Commodities and a new Biomaterials business. No changes were made to the composition of the Paperboard and High-Yield Pulp operating segments. The Company expects to generate $215 million to $235 million of Adjusted EBITDA in 2025 with $25 million to $45 million of Adjusted Free Cash Flow, excluding any operating asset sales. The Company expects stronger second-half earnings compared to the first half due to extended maintenance outages at all three High Purity Cellulose facilities in March and April. This guidance includes the Company’s estimate of the impact of the 25 percent tariff on U.S. sales of paperboard, though it remains subject to any additional future tariffs imposed.”