Rayonier Advanced Materials Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 385 million compared to USD 399 million a year ago. Net loss was USD 17 million compared to USD 23 million a year ago. Basic loss per share from continuing operations was USD 0.24 compared to USD 0.39 a year ago. Diluted loss per share from continuing operations was USD 0.24 compared to USD 0.39 a year ago. Basic loss per share was USD 0.26 compared to USD 0.36 a year ago. Diluted loss per share was USD 0.26 compared to USD 0.36 a year ago.
For the six months, sales was USD 852 million compared to USD 751 million a year ago. Net loss was USD 15 million compared to USD 48 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.77 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to USD 0.77 a year ago. Basic loss per share was USD 0.24 compared to USD 0.75 a year ago. Diluted loss per share was USD 0.24 compared to USD 0.75 a year ago.