Rayonier Inc. (RYN)
NYSE:RYN
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.1Last Year’s EPS
0.06Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a largely positive operational and strategic narrative driven by the successful and timely merger close, strong adjusted EBITDA growth, substantial real estate momentum (including solar demand), improved cash generation and a healthy balance sheet. Notable near-term challenges were highlighted — including a GAAP loss, pulpwood pricing pressure driven by mill closures and weather-related supply shocks, recent wildfire acreage damage, diesel cost inflation, and lumber price volatility — but management provided detailed segment guidance and emphasized progress toward $40M of synergies and capital allocation flexibility. On balance, the positives (merger execution, large EBITDA uplift, real estate strength, cash/CAD improvement and clear guidance) materially outweigh the headwinds and uncertainties called out on the call.Company Guidance
Merger Closed Ahead of Schedule with Clear Synergy Targets
Merger with PotlatchDeltic closed Jan 30; management expects $40 million of annual run-rate synergies within 24 months with at least half (~$20M) achieved in the first year. Integration progress described as strong with cost-saving and organizational optimization underway.
Substantial Increase in Adjusted EBITDA
Company reported adjusted EBITDA of $94 million in Q1 versus $27 million in prior year period, driven by PotlatchDeltic contribution and operational performance (approx. +248% year-over-year).
Improved Segment Performance — Southern Timber
Southern Timber adjusted EBITDA was $46 million, up 68% year-over-year; total harvest volumes rose ~76% year-over-year (driven by ~1 million tons from PotlatchDeltic). Pricing reporting revised to delivered log basis post-merger.
Northwest Timber Recovery Signs
Northwest Timber adjusted EBITDA was $9 million, +45% year-over-year; harvest volumes increased ~38% (including incremental Idaho volume). Lumber pricing improved during Q1, supporting optimism for log price momentum.
Wood Products Contribution and Lumber Price Recovery
Wood Products segment generated $7 million of adjusted EBITDA for the 2-month post-merger period; average lumber price realization rebounded ~11% from $384/MBF (Q4 legacy PotlatchDeltic) to $427–$437/MBF in the quarter. Full-quarter shipments (including pre-merger period) totaled 288M board feet; 2-month shipments were 199M board feet.
Real Estate Strength and Solar Opportunity
Real estate revenue was $60 million on ~7,700 acres at an average of $7,300/acre; Real Estate adjusted EBITDA was $46 million versus $2 million prior year. Notable 2,200-acre solar sale at ~$10,000/acre (~$23M). Portfolio includes ~80,000 acres under option for solar, with ~35,000 acres of options maturing by end of 2028.
Improved Cash Generation and Capital Allocation Flexibility
Cash available for distribution (CAD) was $90 million vs $20 million prior year (+350%). Company finished Q1 with $682 million cash and $2.1 billion debt (net debt to enterprise value ~18%). Repurchased ~1.5 million shares for $31 million in Q1 and has ~$198 million remaining on repurchase authorization.
Clear 2026 Volume and Segment Outlook
Guidance provided: Southern Timber harvest volumes 12.1–12.6M tons (Q2 2.9–3.1M); Northwest Timber full year 2.0–2.3M tons (Q2 ~500k); Wood Products expected shipments ~1.1B board feet for 11 months contribution (Q2 310–320M); Real Estate Q2 adjusted EBITDA expected $25–35M and full year $180–200M.
RYN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RYN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $21.19 | $20.41 | -3.68% |
Feb 11, 2026 | $22.07 | $22.20 | +0.58% |
Nov 05, 2025 | $21.52 | $21.86 | +1.58% |
Aug 06, 2025 | $21.69 | $23.48 | +8.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rayonier Inc. (RYN) report earnings?
Rayonier Inc. (RYN) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Rayonier Inc. (RYN) earnings time?
Rayonier Inc. (RYN) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is RYN EPS forecast?
RYN EPS forecast for the fiscal quarter 2026 (Q2) is 0.1.