Rayonier Reports Second Quarter 2019 Results
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Rayonier (RYN) Tops Q2 EPS by 2c, Revenues Miss; Offers FY19 EPS Guidance Below Consensus
August 7, 2019 4:45 PM EDTRayonier (NYSE: RYN) reported Q2 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $184.8 million versus the consensus estimate of $196.24 million.
Second quarter net income attributable to Rayonier of $18.8 million ($0.14 per share) on revenues of $184.8 millionSecond quarter operating income of $31.4 million and Adjusted EBITDA of $60.6 millionYear-to-date cash provided by operations of $117.0 million and cash available for distribution (CAD) of $95.1 millionFull-year 2019 guidance revised net income attributable to Rayonier of $54 to $63 million; EPS of $0.42 to $0.49 and Adjusted EBITDA of $245 to $265 millionOverall, we delivered solid... More
