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Rayonier's (RYN) New Zealand Timber and Real Estate segments' pro-forma operating income improve year over year, while its Southern Timber and Pacific Northwest Timber segments show weakness.
While the top- and bottom-line numbers for Rayonier (RYN) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2023 earnings after the market closes on Wednesday, November 1, 2023. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, November 2 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Inv.
Softer end-market demand and a decline in construction activity in some markets due to high interest rates are likely to affect Rayonier's (RYN) profitability.
Rayonier missed expectations for the second quarter and lowered full-year EBITDA guidance. The company is cutting costs to offset some of the earnings weakness.
Rayonier Inc. (NYSE:RYN ) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Collin Mings - VP-Capital Markets and Strategic Planning Dave Nunes - CEO Mark McHugh - President and CFO Doug Long - EVP and Chief Resource Officer Conference Call Participants Mike Roxland - Truist Securities Mark Weintraub - Seaport Research Partners Anthony Pettinari - Citi Research Ketan Mamtora - BMO Capital Markets Buck Horne - Raymond James Mark Weintraub - Seaport Research Partners Paul Quinn - RBC Capital Markets Operator Welcome and thank you for joining Rayonier's Second Quarter 2023 Teleconference Call. [Operator Instructions] Today's conference is being recorded.
Rayonier's (RYN) Q2 results miss estimates on lower-than-anticipated revenues. The pro forma operating income declines in almost all segments except trading.
Although the revenue and EPS for Rayonier (RYN) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Rayonier Advanced Materials operates in the high-purity cellulose industry, with a wide product application across numerous sectors and proprietary processes, presenting a promising investment opportunity. Despite challenges in net profitability, the company's potential for being undervalued, its strategic specialization, and robust technical expertise suggest a promising future. Investors should consider both the potential rewards and risks, including the company's specialization in high purity cellulose and reliance on proprietary processes, and monitor company-specific and broader market trends.
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its second quarter 2023 earnings after the market closes on Wednesday, August 2, 2023. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, August 3 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Invest.