Earnings summaries and quarterly performance for RAYONIER.
Executive leadership at RAYONIER.
Mark McHugh
Detailed
President and Chief Executive Officer
CEO
AT
April Tice
Detailed
Senior Vice President and Chief Financial Officer
DL
Doug Long
Detailed
Executive Vice President and Chief Resource Officer
EC
Eric Cremers
Detailed
Executive Chairman (effective upon merger closing)
MB
Mark Bridwell
Detailed
Senior Vice President, General Counsel and Corporate Secretary
RR
Rhett Rogers
Detailed
Senior Vice President, Portfolio Management
Board of directors at RAYONIER.
Research analysts who have asked questions during RAYONIER earnings calls.
AP
Anthony Pettinari
Citigroup Inc.
3 questions for RYN
Also covers: AMBP, AMCR, AVY +26 more
KM
Ketan Mamtora
BMO Capital Markets
3 questions for RYN
Also covers: ALH, AZEK, BCC +8 more
MW
Mark Weintraub
Seaport Research Partners
3 questions for RYN
Also covers: GPK, IP, LPX +5 more
Matthew McKellar
RBC Capital Markets
3 questions for RYN
Also covers: CLW, IP, JHX +8 more
MR
Michael Roxland
Truist Securities
2 questions for RYN
Also covers: AMBP, AMCR, AVY +16 more
BH
Buck Horne
Raymond James Financial, Inc.
1 question for RYN
Also covers: CLPR, DHI, FPI +8 more
GA
Gregory Andreopoulos
Citigroup
1 question for RYN
Also covers: MAS, PCH
Recent press releases and 8-K filings for RYN.
Rayonier Inc. Enters Second Amended and Restated Credit Agreement
RYN
Debt Issuance
Financial Obligation
- Rayonier Inc. and its subsidiaries, including Rayonier, L.P., PotlatchDeltic Forest Holdings, LLC, and PotlatchDeltic Land & Lumber, LLC, entered into a Second Amended and Restated Credit Agreement on January 30, 2026.
- The agreement establishes maturity dates for various credit facilities, with the Revolving Credit Facility maturing on August 15, 2030, and other term loan facilities maturing between April 28, 2026, and June 1, 2029.
- The pricing for advances and fees under the agreement is structured into four levels based on the company's Leverage Ratio, affecting rates for Term SOFR Rate Advances, Daily Simple SOFR Rate Advances, Alternate Base Rate Advances, and Unused Commitment Fees.
- As part of the agreement, Rayonier Inc. is covenanted to maintain corporate credit ratings from at least two major agencies (Moody's, Fitch, S&P), its NYSE listing, and its REIT status.
4 days ago
Rayonier and PotlatchDeltic Announce Merger Closing
RYN
M&A
Board Change
Management Change
- Rayonier and PotlatchDeltic Corporation have announced the closing of their merger of equals.
- The combined company now owns over four million acres of geographically diverse timberland in the United States and operates six sawmills, an industrial-grade plywood mill, residential and commercial real estate developments, and a rural land sales program.
- The new senior leadership team includes Mark D. McHugh as President and Chief Executive Officer, and the Board of Directors consists of five legacy directors from each company, with Eric J. Cremers serving as Executive Chairman.
- The combined company will initially retain the Rayonier name and its common stock will trade on the New York Stock Exchange under the ticker symbol RYN starting on February 2, 2026, with a new name and ticker symbol expected later in the first quarter of 2026.
8 days ago
Rayonier and PotlatchDeltic Stockholders Approve Merger
RYN
M&A
Proxy Vote Outcomes
- Rayonier and PotlatchDeltic announced that their respective stockholders have approved all proposals necessary to close their previously announced merger.
- The merger is expected to be completed after market close on January 30, 2026.
- Upon completion, each share of PotlatchDeltic common stock will be converted into the right to receive 1.8185 Rayonier common shares and $0.61 in cash.
- Rayonier shareholders are expected to own approximately 54% of the combined company, with former PotlatchDeltic stockholders owning the remaining 46%.
- The combined company will initially retain the Rayonier name and its common stock will trade under the ticker symbol "RYN" on the New York Stock Exchange, with a new name and ticker symbol intended to be announced later in the first quarter of 2026.
Jan 27, 2026, 9:12 PM
Rayonier and PotlatchDeltic Stockholders Approve Merger
RYN
M&A
Proxy Vote Outcomes
- Rayonier and PotlatchDeltic stockholders have approved all proposals necessary to close their previously announced merger.
- The merger is expected to close after market close on January 30, 2026.
- Upon completion, each share of PotlatchDeltic common stock will be converted into 1.8185 Rayonier common shares and $0.61 in cash.
- Rayonier shareholders are expected to own approximately 54% of the combined company, with former PotlatchDeltic stockholders owning the remaining 46%.
Jan 27, 2026, 9:05 PM
Rayonier Inc. provides merger update and addresses related litigation
RYN
M&A
Legal Proceedings
Proxy Vote Outcomes
- Rayonier Inc. and PotlatchDeltic Corporation are proceeding with their merger, with special shareholder and stockholder meetings scheduled for January 27, 2026, to vote on the transaction.
- Three lawsuits and several demand letters have been filed challenging the merger, alleging disclosure deficiencies in the Joint Proxy Statement/Prospectus.
- Rayonier and PotlatchDeltic have voluntarily supplemented the Joint Proxy Statement/Prospectus to address these claims and avoid delays, without admitting culpability or the relevance of the disclosures.
- The supplemental disclosures include amendments to financial analyses, such as discounted cash flow analysis and analyst price targets, performed by Morgan Stanley and BofA Securities for both companies.
Jan 16, 2026, 9:16 PM
Rayonier Inc. Announces Merger Agreement with PotlatchDeltic and Special Dividend
RYN
M&A
Dividends
- Rayonier Inc. (RYN) entered into an agreement on October 13, 2025, to acquire PotlatchDeltic Corporation in an all-stock merger-of-equals transaction.
- The merger consideration includes an exchange ratio of 1.7339 Rayonier common shares for each PotlatchDeltic common share, subject to adjustment. The estimated fair value of the preliminary purchase consideration for the merger is $3,064,905 thousand.
- Concurrently, Rayonier declared a one-time special distribution of $1.40 per Rayonier common share on October 14, 2025, payable in a mix of cash (up to 25%) and common shares.
- Unaudited pro forma condensed combined financial statements are provided for the nine months ended September 30, 2025, and the year ended December 31, 2024, reflecting the merger and special dividend.
Dec 10, 2025, 11:10 AM
Rayonier Announces Special Dividend Election Results
RYN
Dividends
- Rayonier Inc. (RYN) announced the results of its special dividend election, with a dividend of $1.40 per common share to be paid on December 12, 2025, to shareholders of record on October 24, 2025.
- The total cash distribution was limited to 25% of the special dividend. Shareholders who did not make an election will receive $0.35 per share in cash and $1.05 per share in common shares.
- The dividend will be paid in approximately $54 million in cash and approximately 7.5 million common shares, calculated using a volume weighted average price of $21.5073 per share.
- The company expects the dividend to be a taxable dividend for shareholders.
Dec 10, 2025, 11:00 AM
Rayonier Inc. Recasts 2024 Financials and Completes Asset Disposition Plan
RYN
Financial Restatement
Accounting Changes
M&A
- Rayonier Inc. is filing an 8-K to revise and recast certain financial and other information in its 2024 Annual Report on Form 10-K, primarily to reflect New Zealand operations as discontinued operations for all periods presented and a realignment of reportable business segments.
- The company completed its asset disposition and capital structure realignment plan on June 30, 2025, achieving $1.45 billion of dispositions in aggregate, which included the sale of its 77% interest in the New Zealand joint venture.
- As a result of this plan, Rayonier reduced its Net Debt / Adjusted EBITDA ratio to 2.6x as of December 31, 2024, successfully meeting its target of \u22643.0x.
- As of December 31, 2024, the company's credit ratings were "BBB-" from S&P and "Baa3" from Moody's, both maintaining a "Stable" outlook.
Nov 21, 2025, 9:14 PM
Rayonier Inc. Reports Strong Q3 2025 Financial Results and Improved Liquidity
RYN
Earnings
Revenue Acceleration/Inflection
M&A
- Rayonier Inc. reported strong financial results for Q3 2025, with sales increasing to $177.5 million, operating income reaching $41.7 million, and Adjusted EBITDA at $114.3 million, all showing significant growth compared to Q2 2025 and Q3 2024.
- The company's Net Income Attributable to Rayonier Inc. for Q3 2025 was $43.2 million, or $0.28 per diluted share. For the nine months ended September 30, 2025, Net Income was $454.2 million, which included a $404.4 million gain from the sale of its New Zealand joint venture interest on June 30, 2025.
- Liquidity significantly improved, with Cash Available for Distribution (CAD) increasing to $153.5 million for the nine months ended September 30, 2025, up from $77.1 million in the prior year period. Net Debt decreased to $130.4 million as of September 30, 2025, resulting in a Net Debt / Enterprise Value of 3%.
- The Real Estate segment was a key driver of performance, with its operating income rising to $26.4 million in Q3 2025 from $8.6 million in Q3 2024, and Adjusted EBITDA growing to $73.8 million from $19.9 million in the same period. This growth was significantly influenced by volume and non-cash cost of land and improved development.
Nov 6, 2025, 3:00 PM
Rayonier Reports Q3 2025 Results and Provides Guidance
RYN
Earnings
Guidance Update
M&A
- Rayonier reported Q3 2025 adjusted EBITDA of $114 million and pro forma net income of $50 million, or $0.32 per share.
- The company is on track to achieve full-year 2025 adjusted EBITDA and pro forma EPS at or above the higher end of its prior guidance range, driven by strong performance in its Real Estate segment, which generated $74 million in adjusted EBITDA in Q3.
- Rayonier provided Q4 2025 guidance including net income of $13-$17 million, EPS of $0.08-$0.11, and adjusted EBITDA of $50-$60 million.
- The proposed merger of equals with PotlatchDeltic, announced on October 14, is on track to close in late Q1 or early Q2 2026 and is expected to deliver $40 million of estimated run rate synergies.
- In Q3, Rayonier repurchased 1.2 million shares for $30 million and declared a $1.40 per share special dividend due to taxable gains from the New Zealand joint venture sale.
Nov 6, 2025, 3:00 PM
Quarterly earnings call transcripts for RAYONIER.
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