Income from discontinued operations for the quarter ended Septemwas $9 million or $0.14 per diluted share, compared to income from discontinued operations of $16 million or $0.25 per diluted share for the same prior year quarter. The decrease in the diluted earnings per share was primarily due to significant income tax benefits recorded in the prior year.

The net loss from continuing operations for the quarter ended Septemwas $13 million or $0.21 per diluted share, compared to net income from continuing operations of $13 million or $0.20 per diluted share for the same prior year quarter. (NYSE:RYAM) (the “Company”) reported a net loss of $5 million or a net loss of $0.07 per diluted share, compared to net income of $29 million or $0.45 per diluted share for the same prior year quarter. Targeting EBITDA margin growth focused on lowering cost, improving reliability, executing strategic projects and funding attractive innovation initiatives Net loss from continuing operations was $13 million, $26 million unfavorable to the comparable period in 2020, driven by income tax benefit recorded in the prior yearĪdjusted EBITDA from continuing operations was $35 million, up $3 million from the comparable quarter in 2020, driven by higher High Purity Cellulose and High-Yield Pulp prices offset by impacts of cost inflation Retired $127 million of senior unsecured debt additional $25 million of senior secured debt repaid in OctoberĮxpect significant price increases on the majority of cellulose specialties contracts in 2022 Sale of lumber and newsprint assets for approximately $232 million estimated gain on sale of $6 million, net of tax Asset Sale Positions Company for Growth Supported by Strong Demand for Cellulose Specialties

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