Welcome to our dedicated page for Rayonier news (Ticker: $RYN), a resource for investors and traders seeking the latest updates and insights on Rayonier stock.
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Rayonier's fire crews united across state lines to battle historic wildfires in the Southwest U.S. during an unprecedented wildfire season. The teams in Louisiana and Texas fought against one of the worst wildfire seasons in the region's history, protecting forests and communities. Rayonier's internal firefighting crew traveled over 850 miles to support firefighting efforts. Operations Safety Manager, Patrick Hughes, led the crew in safeguarding forests and homes, utilizing real-time data and safety measures. Rayonier's fire team, with over 100 years of combined experience, successfully contained wildfires, receiving important support from SWRU staff and Texas locals.
Rayonier Inc. (NYSE:RYN) reported first quarter net income of $1.4 million on revenues of $168.1 million. Pro forma net income was $7.0 million. Operating income was $16.2 million with Adjusted EBITDA of $56.2 million. Cash provided by operations was $52.3 million with cash available for distribution of $36.8 million. The company is on track to achieve its full-year Adjusted EBITDA guidance and $1 billion disposition target.
Rayonier, the global forest company, has earned the PEFC Chain of Custody certification for its log yard in Savannah, Ga. This certification ensures that the forest-based material in their products comes from sustainably managed forests. Rayonier's commitment to sustainable forest management is further highlighted by this achievement.