Rottneros Secures Long-term Renewable Energy Agreement

Rayonier Advanced Materials Inc. reported a net loss of $25 million or $(0.39) per diluted share for the quarter ended March 26, 2022, compared to net loss of $27 million or $(0.43) per diluted share for the same prior year quarter. The net loss from continuing operations for the quarter ended March 26, 2022 was $24 million or $(0.38) per diluted share, compared to net loss from continuing operations of $16 million or $(0.26) per diluted share for the same prior year quarter. The increase in the diluted loss per share was driven primarily by higher key input costs. Loss from discontinued operations for the quarter ended March 26, 2022 was $1 million or $(0.01) per diluted share, compared to a loss from discontinued operations of $11 million or $(0.17) per diluted share for the same prior year quarter. The Company sold its lumber and newsprint assets in the third quarter of 2021, and as a result, reclassified prior year amounts to conform to the presentation for discontinued operations.

•August uncoated free sheet (UFS) paper shipments increased year-over-year for the first time since August 2016. The August shipments of UFS also hit the highest monthly total since March 2016. Imports of UFS decreased by 28% year-over-year in July – the second consecutive decrease of 20% or more. Meanwhile, exports of UFS papers increased 30% year-over-year in July, which is the third consecutive increase of 20% or more. •August shipments of coated free sheet (CFS) papers declined. And while shipments of coated two-sides #1-#2 also decreased year-over-year in August, they still reached the highest monthly total thus far in 2017. U.S. imports of CFS papers decreased 13% year-over-year in July; it is the first year-over-year decline in 2017. Exports of CFS papers increased 11% year-over-year in July, the fifth increase in the past seven months. •Coated mechanical (CM) paper shipments declined year-over-year in August, but reach third highest level in 2017. Imports of CM increased in July, up 11% compared to July 2016, while exports of CM decreased 20% in July. •While shipments of uncoated mechanical (UM) papers declined year-over-year in August, the export data registered a year-over-year increase in July. Imports of UM decreased 3% year-over-year in July while exports of UM increased 10% year-over-year in July – the fourth year-over-year increase in the first seven months of 2017. Click Read More below for additional detail.

Kimberly-Clark Corporation announced that, Mike Hsu, Chairman and Chief Executive Officer, and members of his executive leadership team are unveiling the next phase of the company's transformation, including a new operating model and key commercial initiatives designed to grow its brands and businesses at a faster pace than its categories. "Over the past five years, our global team's dedication and strong execution have positioned us to fully leverage the scale we've built and to catapult Kimberly-Clark into its next chapter of growth," said Hsu. "We are building on the consumer centricity and commercial advantages we've established by moving to a more agile and focused operating structure that we are confident will help accelerate our proprietary pipeline of innovation in right-to-win spaces and improve our growth trajectory, profitability, and returns on investment. We have more than 150 years of history, transforming groundbreaking insights into innovative categories, with products that provide Better Care for a Better World. We are excited to build on the strength of that legacy as we drive for consistent, long-term value creation."