USDOC

RYAM Announces Fourth Quarter and Full Year 2023 Results and Provides Improved Outlook for 2024

Retrieved on: 
Tuesday, February 27, 2024
Construction & Property, Natural Resources, Other Manufacturing, Packaging, Chemicals, Plastics, Other Construction & Property, Manufacturing, Forest Products, ERP, Operating cost, Line C, LTF, Note, Acetate, Sale, Paperboard, Cellulose, Adjustment, Conference, USDOC, Ether, Public expenditure, Corporation, Fine chemical

Net sales for the fourth quarter decreased $37 million, or 10 percent, to $347 million compared to the same prior year quarter.

Key Points: 
  • Net sales for the fourth quarter decreased $37 million, or 10 percent, to $347 million compared to the same prior year quarter.
  • Compared to the third quarter of 2023, the operating loss increased $43 million, primarily due to the $62 million non-cash impairment recorded in the fourth quarter and higher labor costs.
  • Overall, EBITDA is expected to remain relatively flat in the first quarter of 2024 compared to the fourth quarter of 2023, with a strong finish in the back half of 2024.
  • Raw material prices are expected to increase as purchased pulp prices are forecast to increase from fourth quarter 2023 levels.

National Semiconductor and Advanced Manufacturing Technician Apprenticeship Program (SAM-TAP) Launched to Support State Efforts to Develop Strategic Talent Pipelines

Retrieved on: 
Thursday, January 4, 2024
CHIPS, Government, Ecosystem, Hub, Employment, State, RAPS, Vocational education, RTI, White, Ras, Commerce, USDOL, CTE, Innovation, Science, ETA, K-12, Intermediary, Registered apprenticeship, Communication, Organization, Curriculum, Nature, USDOC, Nursing

HANOVER, Md., Jan. 4, 2024 /PRNewswire/ -- Today the National Institute for Innovation and Technology—the nation's leader in the semiconductor talent pipeline development and U.S. Department of Labor (USDOL) national Intermediary responsible for establishing and expanding Registered Apprenticeships (RAs) throughout semiconductor and nanotechnology-related industry supply chains—launched the national Semiconductor and Advanced Manufacturing Technician Apprenticeship Program (SAM-TAP).

Key Points: 
  • The Institute's SAM-TAP initiative is designed to build the nation's ecosystem of talent needed to support the semiconductor industry and broader advanced manufacturing.
  • Curriculum alignment, skills assessments/gap analysis, career and education mapping, and connections to Registered Apprenticeship opportunities are facilitated through the Institute's National Talent Hub .
  • "The Institute is responsible for a national strategy to build the talent pipeline to support strategic industry sectors – those important to national security and global competitiveness.
  • State representatives and semiconductor supply chain employers are encouraged to reach out to the Institute directly to learn how to participate in the program.

RYAM Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Packaging, Chemicals, Plastics, Forest Products, Manufacturing, Natural Resources, Other Manufacturing, Average cost, Sale, Operating cost, Paperboard, Public expenditure, EBITDA, Conference, Note, Maintenance, Renewable Energy Directive 2018, Bank statement, Cellulose, Food, USDOC, European Green Deal, Lender option borrower option, Renewable energy, RED, Fine chemical, Arms industry, Security (finance), Bank, Life insurance, Pharmaceutical industry, Video game

Operating income for the quarter and nine months ended September 30, 2023 decreased $28 million and $14 million, respectively, compared to the same prior year periods.

Key Points: 
  • Operating income for the quarter and nine months ended September 30, 2023 decreased $28 million and $14 million, respectively, compared to the same prior year periods.
  • Compared to the second quarter of 2023, operating loss increased $6 million.
  • Operating results for the quarter and nine months ended September 30, 2023 declined $12 million and $2 million, respectively, compared to the same prior year periods.
  • The current quarter increase was driven by less favorable foreign exchange rates in the current quarter compared to the prior year quarter.

RYAM Announces Solid Fourth Quarter and Full Year 2022 Results in Line with Guidance And Improving Outlook for 2023

Retrieved on: 
Monday, February 27, 2023
Packaging, Other Natural Resources, Chemicals, Plastics, Forest Products, Manufacturing, Natural Resources, Other Manufacturing, EBITDA, Ultra-high-purity steam for oxidation and annealing, Public expenditure, Maintenance, USDOC, Biorefinery, Cellulose, U.S. Department of Defense Strategy for Operating in Cyberspace, U.S. Department of Commerce Office of Security, Conference, Sale, Food, Commerce, Filtration, Cryptocurrency, Arms industry, Video game, Commercial property, Tartas

Additionally, the year ended December 31, 2022, included $8 million of sales of certificates of energy savings associated with Tartas operations.

Key Points: 
  • Additionally, the year ended December 31, 2022, included $8 million of sales of certificates of energy savings associated with Tartas operations.
  • Net sales for the quarter increased $15 million, or 29 percent, to $67 million compared to the prior year period.
  • Operating income increased $6 million when compared to the third quarter of 2022, driven by higher sales prices and volumes.
  • Average sales prices for cellulose specialties in 2023 are expected to be high single-digit percent higher than average 2022 sales prices.