earnings
confidence high
sentiment positive
materiality 0.75
Rayonier Q2 net income $408.7M ($2.63/sh) from $404.4M NZ gain; pro forma EPS $0.06
Rayonier, L.P.
- Revenue $106.5M vs $99.6M YoY; Adjusted EBITDA $44.9M, up 35% from $33.3M.
- Real Estate segment EBITDA surged $14.1M to $18.6M on higher acres sold (3,263 vs 1,494) and price ($8,340/acre).
- Southern Timber harvest volumes down 5%; pine sawtimber stumpage -9%, pulpwood -25%.
- Repurchased 1.5M shares for $34.9M; $262.4M remains on authorization.
- Guidance: full-year Adj. EBITDA at lower end of prior range; Real Estate seen at or above high end.
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