Rayonier (RYN) Tops Q2 EPS by 7c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus
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Rayonier Reports Second Quarter 2020 Results
August 5, 2020 4:12 PM EDTSecond quarter net income attributable to Rayonier of $1.7 million ($0.01 per share) on revenues of $195.6 million Second quarter pro forma net income of $15.2 million ($0.11 per share) on pro forma revenues of $189.8 million Second quarter operating income of $11.7 million, pro forma operating income of $27.2 million and Adjusted EBITDA of $78.6 million Year-to-date cash provided by operations of $82.6 million and cash available for distribution (CAD) of $79.7 million Closed Pope Resources acquisition on May 8, 2020 Added new Timber Funds segment and revised definitions of pro forma revenues, pro forma operating income and Adjusted EBITDA to reflect look-through... More
