Rayonier Reports Third Quarter 2026 Results

$RYNPress releaseNov 4, 2026, 4:12 PM ETRead the release

Rayonier reported Q3 2026 net income of $123.3 million ($0.41 per diluted share) on sales of $565.6 million, with Adjusted EBITDA of $144.6 million, up from $114.3 million a year ago. Pro forma net income fell to $0.13 per share from $0.32, with timber pricing softness in the South and lower pro forma real estate acres sold offset partially by the PotlatchDeltic contribution and strong lumber realizations.

Key figures

Eps: 0.41
Revenue: $565.6 million
Guidance: Southern Timber full-year harvest 12.2-12.4M tons; Northwest Timber 2.0-2.1M tons; Wood Products ~1.1 BBF lumber shipments for 11 months of contribution; Q4 Real Estate Adjusted EBITDA $60-70M
Cash: $361.4 million
Proforma sales: $420.6 million
Adjusted ebitda: $144.6 million
Debt outstanding: $1.86 billion
Operating income: $146.9 million
Proforma net income: $40.0 million ($0.13 per diluted share)
Q3 share repurchases: $59.8 million at $21.00 average price
New buyback authorization: $300 million
Cash available for distribution ytd: $287.4 million

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