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.
Rayonier Inc (NYSE: RYN), a leading timberland real estate investment trust, provides timely updates through this dedicated news hub. Access official press releases, financial announcements, and operational developments related to sustainable forestry practices and strategic land management.
This resource serves investors and industry professionals seeking consolidated information on RYN's timber harvesting initiatives, real estate transactions, and environmental stewardship programs. Discover updates spanning quarterly earnings, land acquisitions, leadership changes, and innovations in forest resource optimization.
Content is curated to support informed decision-making while maintaining strict adherence to factual reporting. Users will find updates categorized for quick navigation, including material event disclosures and progress reports on long-term sustainability goals. Bookmark this page for direct access to Rayonier's evolving story as it balances ecological responsibility with shareholder value creation.
Rayonier Inc. (NYSE:RYN) reported second quarter 2024 results with net income of $1.9 million ($0.01 per share) on revenues of $173.6 million. This compares to net income of $19.0 million ($0.13 per share) on revenues of $208.9 million in Q2 2023. Pro forma net income was $3.7 million ($0.02 per share), down from $7.8 million ($0.05 per share) in the prior year period.
Adjusted EBITDA for Q2 2024 was $55.7 million, a 20% decline from $69.2 million in Q2 2023. The company attributes this decrease to lower harvest volumes in Timber segments due to softer demand and harvest activity deferrals. Year-to-date cash provided by operating activities was $107.6 million, with cash available for distribution (CAD) at $59.6 million.
Rayonier expects full-year Adjusted EBITDA to be towards the lower end of its prior guidance range, with pro forma EPS slightly below the low end of prior guidance. The company is progressing on its $1 billion disposition plan and anticipates providing more details on significant transactions in the coming months.
Rayonier Inc. (NYSE:RYN) has announced a third quarter cash dividend of $0.285 per common share, payable on September 30, 2024, to shareholders of record on September 16, 2024. Additionally, the board of directors, acting as the board of the general partner of Rayonier, L.P., has declared a third quarter cash distribution of $0.285 per operating partnership unit, also payable on September 30, 2024, to holders of record on September 16, 2024.
Rayonier Inc. (NYSE:RYN) has announced its plans to release second quarter 2024 earnings after market close on August 7, 2024. The company will host a conference call and live audio webcast on August 8, 2024, at 10:00 a.m. ET to discuss the results. Investors can access supplemental materials and the live webcast at www.rayonier.com. For those unable to attend, a replay will be available on the company's website shortly after the call. Additionally, investors can listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international) using the passcode RAYONIER. A replay of the call will be accessible until September 8, 2024, by dialing 866-361-4936 (domestic) or 203-369-0184 (international) with passcode 4074.
Phillip Smith, Director of Operations in Rayonier's Alabama Resource Unit, shares his 27-year journey with the company. Starting as a Timber Sales Forester, he now oversees 260,000 acres of timberland and a team of foresters. Key highlights:
- Smith helped establish Rayonier's presence in Alabama 23 years ago
- His role involves collaboration, advocacy, and field work
- He emphasizes the importance of timber as a valuable natural resource
- Smith praises Rayonier's culture and the positive impact of forestry on society
- The Alabama Resource Unit has seen significant team changes in the past year
Smith's story showcases Rayonier's commitment to employee growth and the forestry industry's vital role in local economies and sustainable resource management.
Rayonier has published its latest Sustainability Report, focusing on employee recruitment and retention. The company emphasizes the importance of a strong, diverse workforce for its ongoing success. Various outreach and educational programs aim to raise awareness about Rayonier and the forestry sector among students. The annual college internship program, offered in the U.S. and New Zealand, supports the development of future leaders and includes positions in multiple departments. In 2022, the program hosted 11 interns, including three from underrepresented groups. Interns receive competitive pay and benefits. Rayonier also funds scholarships for forestry students to promote diversity and inclusion. Educational initiatives include funding forestry awareness and supporting undergraduate and graduate students. For more details, refer to the full report on their website.
Rayonier's latest sustainability report highlights the carbon storage benefits of their forest products. The report elucidates how the company's harvesting practices result in significant carbon sequestration even after the trees are harvested. The 2022 harvest volumes and their long-term storage benefits are analyzed, showing that carbon remains stored in end-use products like lumber and plywood for many decades.
Rayonier's approach of harvesting and replanting trees enhances carbon sequestration compared to natural growth. The report includes a 100-year comparison of two scenarios: one with unmanaged, unharvested trees and another with multiple rotations of managed, harvested trees. The latter shows a higher level of carbon storage due to products made from harvested timber.
For detailed information, the full sustainability report is available on Rayonier's website.
Rayonier announced that CEO Mark McHugh will present at Nareit's REITweek: 2024 Investor Conference on June 4 at 11:45 a.m. ET in New York, NY.
The live webcast will be accessible via the Investor Relations section of Rayonier's website, with a replay available afterward.
Rayonier has released a sustainability report detailing their efforts to protect threatened and endangered (T&E) species within their forests.
Foresters and contractors are trained to recognize and protect these species using mapping tools and databases. The company collaborates with state natural heritage programs, NatureServe, and conducts biodiversity assessments to locate T&E species in the U.S. In New Zealand, occurrences are recorded in their EMS database, adapting forest management plans accordingly.
Approximately 50% of Rayonier's forests have potential T&E species habitats. Their forest management practices reduce risks to these species by conducting surveys, creating buffers, and timing activities to avoid disturbances.
Notable efforts include protection strategies for nomadic species and specific projects in New Zealand and the Southeastern U.S.
Rayonier (NYSE:RYN) announced a second quarter cash dividend of $0.285 per common share, payable on June 28, 2024, to shareholders of record on June 14, 2024.
The board also declared a second quarter cash distribution of $0.285 per operating partnership unit, payable on the same dates. This consistent dividend distribution underscores the company's commitment to providing value to its investors.
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.
