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Rayonier Inc., also called Rayonier, is a real estate investment trust, which engages in investment in timberlands. It operates through the following business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. Read More The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other value-added activities, such as recreational licenses, within each respective geography. The Real Estate segment reflects all U.S. land sales, which are reported in the following sales categories: Improved Development, Unimproved Development, Rural, Non-Strategic and Timberlands, and Large Dispositions. The Trading segment reflects the log trading activities that support New Zealand operations. The company was founded in 1926 and is headquartered in Wildlight, FL.
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Yahoo FinanceFeb 7
Rayonier's (RYN) Net Income & Revenues Lag Q4 Estimates
Rayonier Inc. RYN reported fourth-quarter 2018 pro-forma net income per share of 2 cents, missing the Zacks Consensus Estimate of 3 cents. Moreover, the reported figure comes in lower than the prior-year figure of 20 cents. The bottom line was impacted by a decline in operating income of the company’s New Zealand Timber, Real Estate and Trading segments. Total sales for the quarter came in at $166.1 million, plunging nearly 31% year over year. Nonetheless, it handily outpaced the Zacks Consensus Estimate ...
Expected May 1, After Hours