Rayonier Advanced Materials: 4Q Earnings Snapshot

JACKSONVILLE, Fla. (AP) _ Rayonier Advanced Materials Inc. (RYAM) on Wednesday reported fourth-quarter profit of $13 million.

On a per-share basis, the Jacksonville, Florida-based company said it had profit of 18 cents.

The maker of cellulose products posted revenue of $526 million in the period.

For the year, the company reported profit of $128 million, or $1.96 per share. Revenue was reported as $2.13 billion.

Rayonier Advanced Materials shares have risen 41 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.99, a decline of 17 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RYAM at https://www.zacks.com/ap/RYAM