Rayonier (RYN) Misses Q3 EPS by 1c, Misses on Revenue

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Rayonier Reports Third Quarter 2024 Results

November 6, 2024 4:12 PM EST

Third quarter net income attributable to Rayonier of $28.8 million ($0.19 per share) on revenues of $195.0 million Third quarter pro forma net income of $18.1 million ($0.12 per share) Third quarter operating income of $27.6 million, pro forma operating income of $28.5 million, and Adjusted EBITDA of $71.8 million Year-to-date cash provided by operations of $173.8 million and cash available for distribution (CAD) of $105.7 million Updating full-year Adjusted EBITDA guidance to reflect current outlook and disposition activity announced concurrent with this release

WILDLIGHT, Fla.--(BUSINESS WIRE)-- Rayonier Inc. (NYSE: RYN)... More