Financial Performance - Fourth quarter net income attributable to Rayonier was $327.1 million, or $2.15 per share, compared to $126.9 million, or $0.85 per share in the prior year quarter, representing a 158% increase[3]. - Fourth quarter pro forma net income was $41.1 million, or $0.27 per share, up from $25.4 million, or $0.17 per share in the prior year, indicating a 62% increase[4]. - Full-year net income attributable to Rayonier was $359.1 million, or $2.39 per share, compared to $173.5 million, or $1.17 per share in the prior year, reflecting a 107% increase[6]. - Operating income for Q4 2024 was $346.2 million, up 138.2% from $145.2 million in the same quarter last year[39]. - Net income attributable to Rayonier Inc. for the year ended December 31, 2024, was $359.1 million, compared to $173.5 million in 2023, representing a 106.5% increase[39]. - Basic earnings per share for Q4 2024 were $2.20, a rise of 156.0% from $0.86 in Q4 2023[39]. - Adjusted EBITDA for the year ended December 31, 2024, was $298.8 million, slightly up from $296.5 million in 2023, indicating a stable performance[54]. - The company reported cash available for distribution of $183.7 million for the year ended December 31, 2024, compared to $163.9 million in 2023, an increase of 12.0%[54]. Segment Performance - The Real Estate segment achieved Adjusted EBITDA of $63.4 million in the fourth quarter, driven by the sale of approximately 7,800 acres[9]. - Fourth quarter Adjusted EBITDA for New Zealand Timber was $20.0 million, up 66% or $7.9 million compared to the prior year[13]. - Real Estate segment sales reached $567.2 million, an increase of $256.7 million year-over-year, with operating income rising by $188.2 million to $326.1 million[14]. - The Southern Timber segment reported sales of $250.4 million for the year ended December 31, 2024, down from $264.1 million in 2023, a decline of 5.0%[55]. - The Pacific Northwest Timber segment experienced a decrease in sales to $100.8 million for the year ended December 31, 2024, compared to $124.1 million in 2023, a drop of 18.8%[55]. - New Zealand Timber reported fourth quarter sales of $72.4 million, an increase of $12.3 million or 21% year-over-year, with sales volumes up 15% to 729,000 tons[13]. Cash and Debt Management - The company reduced Net Debt to 2024 Adjusted EBITDA to 2.6x as of December 31, 2024[4]. - Cash provided by operating activities for the year was $261.6 million, down from $298.4 million in 2023[47]. - Cash and cash equivalents increased to $323.2 million as of December 31, 2024, compared to $207.7 million at the end of 2023[41]. - Rayonier's long-term debt reduced to $1,089.8 million from $1,365.8 million in 2023, reflecting a decrease of 20.2%[41]. Future Guidance - The company expects full-year 2025 net income attributable to Rayonier to be between $79 million and $100 million, with Adjusted EBITDA projected at $270 million to $300 million[20]. - Southern Timber segment anticipates full-year harvest volumes of 6.9 to 7.1 million tons, with slightly lower pine stumpage realizations expected compared to the prior year[21]. - The Real Estate segment expects full-year Adjusted EBITDA of $86 million to $96 million, down from exceptionally strong results in 2024[24]. - The guidance for adjusted EBITDA for 2025 is projected between $270.0 million and $300.0 million[62]. - The net income attributable to Rayonier Inc. for 2025 is expected to be between $79.0 million and $99.9 million[62]. Shareholder Returns - The company declared a dividend of $2.94 per share for the year, totaling $438.6 million, compared to $199.5 million in 2023[43]. - During the fourth quarter, the company repurchased 488,000 shares at an average price of $30.10 per share, totaling $14.7 million[19]. Asset Management - Rayonier completed $495 million of Large Dispositions in the fourth quarter, contributing to a total of $737 million since November 2023[4]. - The company plans to continue its asset disposition initiatives, which were announced in November 2023, to optimize its portfolio[60].

For Immediate ReleasesChicago, IL – December 12, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including Rayonier Advanced Materials Inc. (RYAM) , Private Bancorp of America Inc. (PBAM) , MediaAlpha Inc. (MAX) , Townsquare Media Inc. (TSQ) and Lands' End Inc. (LE) .Here are highlights from Thursday’s Analyst Blo ...

Boosting shareholders’ wealth, Rayonier Inc.’s (RYN) board of directors approved a new $300 million share repurchase authorization and declared a one-time, special dividend of $1.80 per common share.RYN’s New Repurchase AuthorizationShare repurchases are an important component of this timberland real estate investment trust (REIT) company’s capital allocation strategy. This new authorization replaces its existing $100 million share repurchase authorization. The new repurchase program is not bound by any tim ...

Rayonier (RYN) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.69%. A quarter ago, it was expected that this forest products company would post earnings of $0.14 per share when it actually produced earnings of $0.02, delivering a surprise of -85.71%.Over the last four quarters, the ...

Exhibit 99.1 News Release RAYONIER REPORTS THIRD QUARTER 2024 RESULTS • Third quarter net income attributable to Rayonier of $28.8 million ($0.19 per share) on revenues of $195.0 million • Third quarter pro forma net income of $18.1 million ($0.12 per share) • Third quarter operating income of $27.6 million, pro forma operating income of $28.5 million, and Adjusted EBITDA of $71.8 million • Year-to-date cash provided by operations of $173.8 million and cash available for distribution (CAD) of $105.7 million ...

It has been about a month since the last earnings report for Rayonier (RYN) . Shares have added about 4.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Rayonier due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Rayonier Q2 Earnings and Revenues Miss Estimates Rayo ...

Tetsuko Oota/iStock via Getty Images Rayonier Inc. (NYSE:RYN) stock continues to be awarded a Buy rating, despite its Q2 2024 results miss. RYN's full-year FY 2024 EBITDA is expected to still fall within its prior guidance range with a potential pick-up in timber harvest volume for the second half. Furthermore, Rayonier's EV/EBITDA multiple might expand going forward, assuming that the company manages to divest its assets at healthy valuations in the future. My earlier May 22, 2024 update touched on the pro ...

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Rayonier Inc. Large Accelerated Filer ☒ Accelerated Filer ☐ Non-accelerated Filer ☐ Smaller Reporting Company ☐ Emerging Growth Company ☐ Rayonier, L.P. Large Accel ...

Shares of Rayonier Inc. (RYN) are down more than 3% so far in today's trading session on the NYSE following its yesterday's announcement of a lower-than-expected performance in the second quarter. Rayonier reported second-quarter 2024 pro-forma net income per share of 2 cents, down from 5 cents reported in the year-ago quarter. This also missed the Zacks Consensus Estimate of 14 cents. Results reflect lower harvest volumes in its Timber segments amid the choppiness in the market. Total revenues came in at $ ...

Rayonier (RYN) reported $173.6 million in revenue for the quarter ended June 2024, representing a year-overyear decline of 16.9%. EPS of $0.02 for the same period compares to $0.05 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $224.86 million, representing a surprise of -22.80%. The company delivered an EPS surprise of -85.71%, with the consensus EPS estimate being $0.14. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...