Home News Financial News Rayonier Reports Fourth Quarter 2017 Results

Rayonier Reports Fourth Quarter 2017 Results

  • Fourth quarter net income attributable to Rayonier of $64.2 million ($0.50 per share) on revenues of $239.7 million
  • Fourth quarter pro forma net income of $25.4 million ($0.20 per share) on pro forma revenues of $186.3 million
  • Fourth quarter operating income of $80.1 million, pro forma operating income of $41.3 million and Adjusted EBITDA of $77.0 million
  • Full-year net income attributable to Rayonier of $148.8 million ($1.16 per share) on revenues of $819.6 million
  • Full-year pro forma net income of $82.5 million ($0.65 per share) on pro forma revenues of $724.2 million
  • Full-year operating income of $215.5 million, pro forma operating income of $149.2 million and Adjusted EBITDA of $290.5 million
  • Full-year cash provided by operations of $256.3 million and cash available for distribution (CAD) of $188.7 million

YULEE, FL — February 7, 2018 — Rayonier Inc. (NYSE:RYN) today reported fourth quarter net income attributable to Rayonier of $64.2 million, or $0.50 per share, on revenues1 of $239.7 million. This compares to net income attributable to Rayonier of $48.3 million, or $0.39 per share, on revenues1 of $229.3 million in the prior year quarter. The fourth quarter and prior year fourth quarter results included income from Large Dispositions2 of $38.8 million and $42.6 million, respectively. Excluding these items, pro forma net income3 was $25.4 million, or $0.20 per share, on pro forma revenues3 of $186.3 million versus $5.7 million, or $0.05 per share, on pro forma revenues3 of $151.6 million in the prior year period.

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Source: Rayonier

 
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