Rayonier Q2 adjusted net income, EBITDA beat estimates on wood products pricing, strong southern timber volumes
RYN•Outlook
Rayonier expects Southern Timber harvest volumes of 12.2 million to 12.5 million tons for full-year 2026.
For the third quarter, the company sees Real Estate adjusted EBITDA at $25 million to $35 million, and for the full year at $180 million to $200 million.
Rayonier also expects third-quarter Wood Products lumber shipments of 320 million to 330 million board feet.
Result drivers
- Merger impact — A full-quarter contribution from PotlatchDeltic operations drove higher harvest volumes and sales across segments.
- Southern timber volumes — Segment adjusted EBITDA rose 85% as harvest volumes increased, offsetting lower average prices from an expanded footprint and softer market conditions.
- Wood products pricing — Improved lumber price realizations amid import duties, mill curtailments and trucking shortages supported segment results.
Key details and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Adjusted EPS | Miss | $0.10 | $0.11 (5 Analysts) |
| Q2 EPS | $0.06 | ||
| Q2 Adjusted Net Income | Beat | $31.50 million | $29.52 million (4 Analysts) |
| Q2 Net Income | $19.10 million | ||
