secwatch.observer — SEC 8-K summary
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Issuer:     Rayonier, L.P. (—)
CIK:        0001806931
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000052827-24-000145
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rayonier Reports Q1 2024 Net Income of $1.4M on Revenue of $168.1M; Pro Forma Net Income $7.0M
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- First quarter net income attributable to Rayonier was $1.4 million ($0.01 per share) on revenues of $168.1 million.
- Pro forma net income was $7.0 million ($0.05 per share), compared to $1.1 million in prior year period.
- Adjusted EBITDA was $56.2 million, up 3% from $54.7 million in prior year quarter.
- Southern Timber segment Adjusted EBITDA increased 5% to $44.8 million; New Zealand Timber segment Adjusted EBITDA rose 88% to $11.4 million.
- The company continues to make progress toward its $1 billion disposition target, marketing ~115,000 acres in Washington and evaluating alternatives for New Zealand JV.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806931/000005282724000145/0000052827-24-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/52827/000005282724000145/ryn-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000052827-24-000145

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