Rayonier (RYN) Tops Q3 EPS by 10c, provides outlook

Rayonier (NYSE: RYN) reported Q3 EPS of $0.32, $0.10 better than the analyst estimate of $0.22. Revenue for the quarter came in at $177.5 million versus the consensus estimate of $160.4 million.

Outlook

“Based on our year-to-date results and our expectations for the fourth quarter, we now expect that full-year Adjusted EBITDA and pro forma EPS will be at or above the higher end of our prior guidance range,” added McHugh. “In our Southern Timber segment, we expect that full-year Adjusted EBITDA will be modestly below our prior guidance range due to continued softness in end-market demand and lower anticipated harvest volumes. In our Pacific Northwest Timber segment, we expect full-year Adjusted EBITDA toward the lower end of our prior guidance range, as the anticipated improvement in lumber markets following the increase in duties on Canadian lumber imports has been slower to materialize than previously expected. In our Real Estate segment, we expect full-year Adjusted EBITDA to exceed the high end of our prior guidance range based on our strong third quarter results and our transaction pipeline for the remainder of the year.”

For earnings history and earnings-related data on Rayonier (RYN) click here.

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