Recap: Rayonier Adv Materials Q1 Earnings

Rayonier Adv Materials RYAM reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Rayonier Adv Materials missed estimated earnings by 16.67%, reporting an EPS of $0.05 versus an estimate of $0.06.

Revenue was up $115.00 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 22.02% increase in the share price the next day.

Here's a look at Rayonier Adv Materials's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.04	0.10	-0.16	-0.41
EPS Actual	0.04	0.28	-0.31	-0.38
Revenue Estimate	436.36M	420.42M	387.36M	365.35M
Revenue Actual	500.00M	466.00M	399.00M	352.00M

To track all earnings releases for Rayonier Adv Materials visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.