Rayonier Inc. ( (RYN) ) has released its Q1 earnings. Here is a breakdown of the information Rayonier Inc. presented to its investors.
Rayonier Inc. is a leading timberland real estate investment trust with assets in the U.S. and New Zealand, specializing in the management and sale of timber and real estate properties.
In the first quarter of 2025, Rayonier Inc. reported a net loss of $3.4 million, or $0.02 per share, reflecting the reclassification of its New Zealand operations to discontinued operations following an agreement to sell its joint venture interest. The company’s revenues for the quarter were $82.9 million, down from $113.7 million in the same period last year.
Key financial metrics showed a decline in performance, with Adjusted EBITDA at $27.1 million, a 39% decrease from the previous year. The Southern Timber segment saw a significant drop in sales and Adjusted EBITDA due to reduced harvest volumes and lower stumpage realizations. Conversely, the Pacific Northwest Timber segment experienced an improvement in Adjusted EBITDA, driven by higher domestic sawtimber prices and lower costs.
Despite the challenging start to the year, Rayonier’s management remains optimistic, revising its full-year 2025 guidance to reflect the exclusion of New Zealand operations. The company anticipates full-year net income between $424 and $458 million, with Adjusted EBITDA expected to range from $215 to $235 million. Management plans to use proceeds from the New Zealand sale for strategic capital allocation, including potential share repurchases.
Looking ahead, Rayonier is focused on enhancing shareholder value through strategic capital deployment and anticipates improved market conditions in its timber segments. The company remains committed to executing its strategic initiatives and optimizing its operations to achieve its financial targets for the year.