Quarterly ResultMay 6, 2026, 04:21 PM
Rayonier Q1 Net Loss ($12.4M); Adjusted EBITDA $94.1M
AI Summary
Rayonier Inc. reported a first quarter net loss attributable to Rayonier of ($12.4) million, or ($0.05) per diluted share, on revenues of $276.8 million. Excluding merger-related costs and a tax benefit, pro forma net income was $17.4 million, or $0.07 per share, and Adjusted EBITDA reached $94.1 million. These results reflect the successful merger with PotlatchDeltic Corporation completed on January 30, 2026, which significantly impacted segment performance and financial structure. The company also repurchased $31.1 million of shares during the quarter.
Key Highlights
- Successfully completed transformative merger of equals with PotlatchDeltic on January 30, 2026.
- Reported Q1 net loss attributable to Rayonier of ($12.4) million, or ($0.05) per diluted share.
- Achieved Q1 pro forma net income of $17.4 million, or $0.07 per share.
- Generated Q1 Adjusted EBITDA of $94.1 million, significantly up from $27.1 million in prior year.
- Repurchased $31.1 million of shares at an average price of $20.98 per share.
- Southern Timber Adjusted EBITDA increased 68% to $45.5 million due to merger contribution.
- Northwest Timber Adjusted EBITDA rose 45% to $8.6 million, driven by incremental harvest volume.
- Real Estate Adjusted EBITDA totaled $46.2 million, exceeding prior guidance for the quarter.