Rayonier (RYN) Q2 Earnings and Revenues Miss Estimates [Yahoo! Finance]
Rayonier Inc. REIT (RYN)
Last rayonier inc. reit earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
Rayonier reported second-quarter 2024 pro-forma net income per share of 2 cents, down from 5 cents reported in the year-ago quarter. This also missed the Zacks Consensus Estimate of 14 cents. Results reflect lower harvest volumes in its Timber segments amid the choppiness in the market. Total revenues came in at $173.6 million, which lagged the Zacks Consensus Estimate of $224.9 million. On a year-over-year basis, the figure decreased 16.9%. Adjusted EBITDA came in at $55.7 million, down from $69.2 million in the prior-year period. According to Mark McHugh, president and CEO of Rayonier, “Market conditions remained challenging during the second quarter, translating to a 20% decline in Adjusted EBITDA versus the prior year quarter.” The CEO also noted that “Much of this decline was attributable to lower harvest volumes in our Timber segments, reflecting generally softer demand and the deferral of some harvest activity.” Segmental Performance In the second quarter, the pro-fo
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News
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- Rayonier's Earnings and Revenues Miss Estimates in Q3 [Yahoo! Finance]Yahoo! Finance
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- Rayonier Announces Timberland Dispositions Totaling $495 Million [Yahoo! Finance]Yahoo! Finance
- Rayonier Reports Third Quarter 2024 ResultsBusiness Wire
RYN
Earnings
- 11/6/24 - Miss
RYN
Sec Filings
- 11/8/24 - Form 10-Q
- 9/13/24 - Form 4
- 9/12/24 - Form 144
- RYN's page on the SEC website