Rayonier Advanced Materials Inc. (NYSE:RYAM) Q3 2023 Earnings Call Transcript

Dmitry Silversteyn: Okay, so if I can rephrase my question a little bit differently, you you’ve gotten pricing, because of your strategy of emphasizing value over volume, is the pricing momentum, in your opinion going to accelerate as we get into 2024 with a full closure or you’re just going to continue to execute your strategy and get the pricing that you can get regardless of what market conditions are in terms of capacity with a Foley plant coming out of the industry?

De Lyle Bloomquist: Well, this strategy is going to stay the same, focus on value over volume. But at the same time, we’re going to make sure that we get the volume we need for the business. And we’ve said this before on previous calls, we will defend our share. So we’ll continue to go forward with that. I really can’t speculate at this time, Dmitry with respect to where pricing is going to go for ’24. In fact, this week is London pulp week. And we’re right in the middle of our initial discussions with customers for ’24. So I’m not going to take my people’s knees out from underneath them and tell you where things are going to go. But we do feel we’re in a pretty strong position relative to what we offer, and I think the closure only help us with respect to our negotiating position.

Dmitry Silversteyn: Fair enough. Thank you.

Operator: Thank you. There are no further questions at this time. And I would like to turn the floor back over to President and CEO, Mr. De Lyle Bloomquist for closing comments.

De Lyle Bloomquist: Well, um, thank you again for joining us today. I want to note that I’m incredibly proud of the collective efforts made by our team here at RYAM. And I have full confidence that we will continue to enhance the profitability while we diligently work to reduce our debt and our leverage. Please know that our lines of communication are always open. So, feel free to reach out to any one of us if you have any questions or require further information. So, again, thank you for your time.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.