RYAM

EX-99.1

2 exhibit991ryamq32026.htm

EX-99.1

Document

RYAM Reports Third Quarter 2026 Results

Delivers 30% sequential growth in Adjusted EBITDA

Temiscaming production economically idled following U.S. tariffs

•Loss from Continuing Operations of $229 million adjusted for non-cash impairments of $221 million was $8 million, a 60% sequential improvement

•HPC income from continuing operations increased sequentially from $29 million to $44 million, with Adjusted EBITDA of $73 million; total cellulose shipments increased 4%

•Temiscaming paperboard and high yield pulp production economically idled October 3; all site options under evaluation

•Consolidated Adjusted EBITDA of $52 million, inclusive of $2 million in tariff-related costs; year-to-date Cash Flow from Operating Activities of $66 million and Adjusted Free Cash Flow of $2 million

•Strategic review continues with interested parties; tariff-related uncertainty at Temiscaming has slowed the process and we are now targeting a conclusion in Q1 2027

JACKSONVILLE, Fla., November 3, 2026 — Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) today reported results for its third quarter ended September 26, 2026.

“RYAM delivered another strong quarter in HPC, with higher earnings, increased cellulose shipments and positive cash generation building on the progress we have made since the first quarter,” said Dan Krawczyk, President and Chief Executive Officer. “My time with customers and our teams has reinforced my confidence in the strength of our Cellulose Specialties franchise. Our commodity production mix currently masks the full value of that franchise and dilutes our average realized cellulose price. Our CS products and technical expertise support customers’ manufacturing efficiency and differentiate their finished products. Commodity losses continue to weigh on HPC’s overall results, making a production mix more heavily weighted toward CS a clear and urgent priority. We remain focused on growing CS volumes, loading plant production capacity more heavily toward CS and capturing product value, alongside continued operating improvements. We also see opportunities to create long-term value by leveraging our existing infrastructure, including through the Altamaha Green Energy project at Jesup, where construction is underway.

“Since joining RYAM, I have made advancing the strategic review a priority, and we continue to work actively with interested parties. U.S. tariffs on Canadian paperboard and the resulting October 3 economic idling at Temiscaming have slowed the review as parties seek greater clarity on the site’s path forward and its implications for the broader business. We are managing site costs and evaluating all options for Temiscaming. We are actively providing additional information to help interested parties assess the full value of RYAM, while discussing strategic alternatives to strengthen our CS franchise more quickly. Our mandate is to maximize shareholder value, and we are continuing to strengthen the business throughout the review. Given the complexities of these discussions, we are targeting a conclusion of the strategic review in Q1 2027.”

CORPORATE HEADQUARTERS

1301 Riverplace Boulevard Suite 2300 Jacksonville, FL 32207

904.357.4600 fax 904.357.9101 www.RYAM.com

Third Quarter 2026 Financial Results

Loss from continuing operations and net loss for the quarter ended September 26, 2026 were each $229 million, or $(3.40) per diluted share, inclusive of non-cash impairments of $221 million. Loss from continuing operations and net loss for the same prior year quarter were each $4 million, or $(0.07) per diluted share.

Beginning in January 2026, the Company reorganized its segment structure and now operates in two segments:

•High Purity Cellulose: formerly the segments of Cellulose Specialties, Cellulose Commodities and Biomaterials

•Paperboard & High Yield Pulp: formerly the segments of Paperboard and High Yield Pulp

Prior period segment results have been recast to align with this new segment reporting structure.

Net sales were composed of the following for the periods presented:

Three Months Ended

(in millions)September 26, 2026June 27, 2026September 27, 2025

High Purity Cellulose$313 $301 $296

Paperboard & High Yield Pulp70 75 57

Net sales$383 $376 $353

Operating income (loss) was composed of the following for the periods presented:

Three Months Ended

(in millions)September 26, 2026June 27, 2026September 27, 2025

High Purity Cellulose$43 $29 $38

Paperboard & High Yield Pulp(224)(27)(14)

Corporate & Other(15)(9)(15)

Operating income (loss)$(196)$(7)$9

High Purity Cellulose

Net Sales

Net sales for the third quarter increased $17 million, or 6%, compared to the same prior year quarter, driven by:

•Total Cellulose sales volume increase of 10%, including a 42% increase in CC sales volume that was offset by an 18% decrease in CS sales volume.

–CC sales volume increased due to lower orders for CS products and

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