Rayonier Advanced Materials Inc. reported earnings results for the second quarter and six months ended June 25, 2022. For the second quarter, the company reported sales was USD 399 million compared to USD 341 million a year ago. Net loss was USD 23 million compared to net income of USD 122 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to basic earnings per share from continuing operations of USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to diluted earnings per share from continuing operations of USD 0.13 a year ago. Basic loss per share was USD 0.36 compared to basic earnings per share of USD 1.92 a year ago. Diluted loss per share was USD 0.36 compared to diluted earnings per share of USD 1.89 a year ago.
For the six months, sales was USD 751 million compared to USD 660 million a year ago. Net loss was USD 48 million compared to net income of USD 95 million a year ago. Basic loss per share from continuing operations was USD 0.77 compared to USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.77 compared to USD 0.12 a year ago. Basic loss per share was USD 0.75 compared to basic earnings per share of USD 1.5 a year ago. Diluted loss per share was USD 0.75 compared to diluted earnings per share of USD 1.5 a year ago.