Rayonier Advanced Materials Inc. reported third quarter 2025 net sales of $353.0 million, a decrease of $48.0 million compared to the same period last year. The company recorded a loss from continuing operations of $4.0 million, an improvement of $29.0 million from the prior year quarter. Adjusted EBITDA from continuing operations was $42.0 million, down $9.0 million year over year. Total debt stood at $794.0 million with a net secured leverage ratio of 4.1 times. Year-to-date cash used in operating activities was $(8.0) million, and adjusted free cash flow was $(83.0) million, with expectations for improved working capital and adjusted free cash flow of $25.0-$30.0 million in the fourth quarter. The company continues to evaluate the potential sale of its Paperboard and High-Yield Pulp businesses and maintains its long-term strategy to achieve over $300.0 million in run-rate EBITDA by the end of 2027.