earnings
confidence high
sentiment neutral
materiality 0.75
Rayonier posts Q1 net loss of $12.4M, pro forma net income $17.4M; Adj EBITDA $94.1M post-merger
Rayonier, L.P.
- Q1 net loss ($12.4M) or ($0.05)/diluted share; pro forma net income $17.4M ($0.07/share).
- Adj EBITDA $94.1M vs $27.1M prior year; Real Estate segment Adj EBITDA $46.2M including $22.5M solar land sale.
- Completed merger with PotlatchDeltic on Jan 30, 2026; repurchased $31.1M shares at $20.98 avg price.
- Guidance: Real Estate Adj EBITDA $180-200M full year; Q2 Adj EBITDA $25-35M.
- Wood Products lumber shipments ~1.1 BBF for 11 months; Q2 shipments 310-320 MMBF.