Rayonier Reports Third Quarter 2019 Results
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Rayonier (RYN) Misses Q3 EPS by 4c, Revenues Miss
October 30, 2019 5:13 PM EDTRayonier (NYSE: RYN) reported Q3 EPS of $0.00, $0.04 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $156.4 million versus the consensus estimate of $179.79 million.
Third quarter net loss attributable to Rayonier of ($0.4) million ($0.00 per share) on revenues of $156.4 millionThird quarter operating income of $11.0 million and Adjusted EBITDA of $43.2 millionYear-to-date cash provided by operations of $164.2 million and cash available for distribution (CAD) of $115.6 millionThird quarter share repurchases of $8.4 millionOur overall results were down considerably from the prior year quarter, primarily as a... More
