Rayonier Reports Second Quarter 2020 Results
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Rayonier (RYN) Tops Q2 EPS by 7c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus
August 5, 2020 4:56 PM EDTRayonier (NYSE: RYN) reported Q2 EPS of $0.11, $0.07 better than the analyst estimate of $0.04. Revenue for the quarter came in at $189.8 million versus the consensus estimate of $145.74 million.
We successfully closed the acquisition of Pope Resources on May 8th, and as such, are reporting our financial results on a combined basis for the first time this quarter, said David Nunes, President and CEO. I am extremely proud of the collaboration, focus and dedication that our team demonstrated in successfully integrating Pope Resources into Rayonier amid very challenging market conditions. The vast majority of our... More
