Rayonier Reports Third Quarter 2020 Results
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Rayonier (RYN) Tops Q3 EPS by 2c, Revenues Beat
October 28, 2020 4:41 PM EDTRayonier (NYSE: RYN) reported Q3 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $198.9 million versus the consensus estimate of $186.47 million.
Third quarter net loss attributable to Rayonier of ($0.8) million (($0.01) per share) on revenues of $198.9 millionThird quarter pro forma net income of $7.5 million ($0.06 per share) on pro forma revenues of $191.2 millionThird quarter operating income of $1.8 million, pro forma operating income of $20.3 million and Adjusted EBITDA of $67.2 millionYear-to-date cash provided by operations of $138.0 million and cash available for distribution (CAD) of $124.2... More