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Rayonier(RYN) - 2024 Q1 - Quarterly Results
RYNRayonier(RYN)2024-05-01 20:17

Exhibit 99.1 News Release RAYONIER REPORTS FIRST QUARTER 2024 RESULTS WILDLIGHT, FL — May 1, 2024 — Rayonier Inc. (NYSE:RYN) today reported first quarter net income attributable to Rayonier of 1.4million,or1.4 million, or 0.01 per share, on revenues of 168.1million.ThiscomparestonetincomeattributabletoRayonierof168.1 million. This compares to net income attributable to Rayonier of 8.3 million, or 0.06pershare,onrevenuesof0.06 per share, on revenues of 179.1 million in the prior year quarter. The first quarter results included 1.3millionofnetcostsassociatedwithlegalsettlementsanda1.3 million of net costs associated with legal settlements and a 4.5 m ...