Overview

* Rayonier ( RYN ) Q2 adjusted EBITDA grows 35% yr/yr, beating analyst expectations

* Adjusted EPS for Q2 beats consensus, driven by Real Estate segment performance

* Co repurchased 1.5 mln shares, enhancing shareholder value

Outlook

* Rayonier ( RYN ) expects full-year Adjusted EBITDA near lower end of prior guidance

* Company anticipates Q3 net income of $29 mln to $44 mln

* Rayonier ( RYN ) sees Q3 EPS between $0.18 and $0.28

* Company expects full year Real Estate segment Adjusted EBITDA at or above prior guidance

Result Drivers

* REAL ESTATE GROWTH - Real Estate segment Adjusted EBITDA increased $14.1 mln due to accelerated transaction timing and higher sales volumes

* PACIFIC NORTHWEST IMPROVEMENT - Higher domestic sawtimber prices and improved pulpwood dynamics boosted Pacific Northwest Timber segment

* SOUTHERN TIMBER CHALLENGES - Southern Timber segment faced decreased sales and volumes due to softer mill demand and prior asset dispositions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $106.50

Revenue mln

Q2 Beat $0.06 $0.04 (5

Adjusted Analysts

EPS )

Q2 EPS $2.63

Q2 Beat $9.60 $3.96

Adjusted mln mln (4

Net Analysts

Income )

Q2 Net $408.70

Income mln

Q2 Beat $44.90 $42.40

Adjusted mln mln (5

EBITDA Analysts

)

Q2 $14.50

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy."

* Wall Street's median 12-month price target for Rayonier Inc ( RYN ) is $29.00, about 17.6% above its August 5 closing price of $23.89

* The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)