MergerAug 7, 2026, 05:24 PM
Rayonier Completes PotlatchDeltic Merger; Q2 Sales Up to $396.5M
AI Summary
Rayonier Inc. reported significant financial changes for Q2 and YTD 2026, largely influenced by its merger with PotlatchDeltic. While sales saw substantial year-over-year growth, net income decreased compared to the prior year, which included a large gain from discontinued operations. The company's balance sheet expanded considerably following the merger, with total assets more than doubling.
Key Highlights
- Completed merger with PotlatchDeltic, issuing $3.20B in common shares.
- Q2 2026 Sales increased to $396.5M from $106.5M YoY.
- YTD 2026 Sales increased to $673.3M from $189.5M YoY.
- Q2 2026 Net Income $19.2M, down from $413.6M YoY.
- Total Assets grew to $7.46B as of June 30, 2026, from $3.40B.
- Long-term debt increased to $1.86B as of June 30, 2026.
- Cash provided by operating activities YTD $145.2M, up from $88.7M.
- Repurchased $103.5M in common shares YTD 2026.
Price Impact
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