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JACKSONVILLE - Rayonier Advanced Materials Inc. (NYSE:RYAM), a specialty materials company currently trading at $4.47 and showing signs of being undervalued according to InvestingPro analysis, and the United Steel Workers union filed antidumping and countervailing duty petitions against Brazil and Norway on Tuesday, alleging unfair trade practices in High Purity Dissolving Pulp (HPDP) imports.
The petitions claim Brazilian and Norwegian manufacturers are selling HPDP in the U.S. market at unfairly low prices, with estimated dumping margins as high as 168 percent for Brazil and 226 percent for Norway. The filing also identifies 30 Brazilian government programs potentially providing subsidies. This trade dispute comes as RYAM operates with a significant debt burden of $775.41 million and faces weak gross profit margins of 8.44%.
"RYAM and our workers deserve a level playing field," said De Lyle Bloomquist, President and CEO of RYAM, according to the press release statement.
The USW, representing workers at two RYAM facilities, joined the petition. USW Vice President Luis Mendoza cited job losses at Georgia-Pacific’s Foley Cellulose Plant in Perry, Florida as evidence of the impact of unfair imports.
HPDP is used in various applications including filtration, specialty bioplastics, textiles, construction, food, and pharmaceuticals. The petitioners claim low-priced imports have undercut domestic prices and market share, threatening U.S. producers and workers.
The U.S. Department of Commerce will investigate the dumping and subsidization allegations, while the U.S. International Trade Commission will determine if the domestic industry is suffering material injury. A preliminary determination from the USITC is expected within 45 days.
RYAM operates manufacturing facilities in the U.S., Canada, and France, with reported revenue of $1.52 billion in the last twelve months. For deeper insights into RYAM’s financial health and future prospects, including 10+ additional ProTips and comprehensive valuation metrics, visit InvestingPro for the detailed Pro Research Report, part of our coverage of 1,400+ US equities.
In other recent news, Rayonier Advanced Materials reported its Q2 2025 earnings, revealing a significant earnings per share (EPS) miss. The company posted an EPS of -$5.44, which was well below the forecasted -$0.23, resulting in a surprise of 2265.22%. Additionally, revenue for the quarter was $340 million, missing the forecast of $387.07 million by 12.16%. These earnings and revenue results are crucial for investors, as they reflect the company’s financial performance. No information about mergers or acquisitions has been reported. Analysts have not provided any recent upgrades or downgrades for Rayonier Advanced Materials. These developments are important for investors to consider when evaluating the company’s current financial health.
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