Quarterly ResultAug 5, 2026, 04:24 PM
Rayonier Q2 Net Income $19.1M; Adjusted EBITDA $123.7M
AI Summary
Rayonier Inc. reported strong second quarter 2026 financial results, with net income attributable to Rayonier of $19.1 million and pro forma net income of $31.5 million. The company's Adjusted EBITDA significantly increased to $123.7 million, reflecting solid performance across all business segments and the full quarter contribution from the PotlatchDeltic merger. Rayonier also repurchased $72.4 million of its common stock during the quarter and provided a positive outlook for its segments, maintaining full-year guidance for Real Estate Adjusted EBITDA.
Key Highlights
- Reported Q2 net income attributable to Rayonier of $19.1 million ($0.06 per diluted share).
- Achieved pro forma net income of $31.5 million ($0.10 per diluted share) for Q2.
- Generated Adjusted EBITDA of $123.7 million in Q2 2026, up from $44.9 million in Q2 2025.
- Repurchased $72.4 million of shares at an average price of $20.95 per share.
- Southern Timber Adjusted EBITDA increased 85% to $52.6 million.
- Northwest Timber Adjusted EBITDA was $26.3 million, nearly four times higher YoY.
- Real Estate Adjusted EBITDA totaled $38.3 million, above guidance.
- Maintains full-year Adjusted EBITDA guidance for Real Estate at $180M to $200M.
Price Impact
More from RYN