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Stock impact report

Rayonier Reports First Quarter 2024 Results

Rayonier Inc. REIT (RYN) 
Last rayonier inc. reit earnings: 4/29 04:11 pm Check Earnings Report
Company Research Source: Business Wire
First quarter net income attributable to Rayonier of $1.4 million ($0.01 per share) on revenues of $168.1 millionFirst quarter pro forma net income of $7.0 million ($0.05 per share)First quarter operating income of $16.2 million and Adjusted EBITDA of $56.2 millionFirst quarter cash provided by operations of $52.3 million and cash available for distribution (CAD) of $36.8 million WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today reported first quarter net income attributable to Rayonier of $1.4 million, or $0.01 per share, on revenues of $168.1 million. This compares to net income attributable to Rayonier of $8.3 million, or $0.06 per share, on revenues of $179.1 million in the prior year quarter.The first quarter results included $1.3 million of net costs associated with legal settlements1 and a $4.5 million pension settlement charge, net of tax.2 Excluding these items and adjusting for pro forma net income adjustments attributable to noncontrolling interests,3 firs Show less Read more
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