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Stock impact report

Rayonier (RYN) Q1 Earnings Beat Estimates, Revenues Lag [Yahoo! Finance]

Rayonier Inc. REIT (RYN) 
Last rayonier inc. reit earnings: 4/29 04:11 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Moreover, the figure increased significantly from the prior-year quarter's 1 cent. Rayonier's Southern Timber and New Zealand Timber segments displayed solid results. However, weakness in the Pacific Northwest Timber and Real Estate segments was noticed. Total revenues came in at $168.1 million, which missed the Zacks Consensus Estimate of $179.1 million. On a year-over-year basis, the figure decreased 6.1%. According to Mark McHugh, president and CEO of Rayonier, “Overall, we delivered modestly improved first quarter results relative to the prior year quarter, which were in line with our expectations at the start of the year. We achieved total Adjusted EBITDA of $56.2 million, representing a 3% increase versus the prior year period, as stronger results from our Southern Timber and New Zealand Timber segments more than offset lower results in our Pacific Northwest Timber and Real Estate segments.” Segmental Performance In the first quarter, the pro-forma operating income at Show less Read more
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