Rayonier Stock Price, News & Analysis

Rayonier (NYSE:RYN) announced that executives will present at two investor conferences. Mark D. McHugh, President and CFO, will speak at the Raymond James 44th Annual Institutional Investors Conference on March 6, 2023, at 4:00 p.m. ET. David L. Nunes, CEO, will present at the Citi 2023 Global Property CEO Conference on March 8, 2023, at 10:35 a.m. ET. Investors can visit Rayonier’s website for registration and access to live webcasts, which will be available for replay after the events. Rayonier manages approximately 2.8 million acres of timberlands across the U.S. and New Zealand, focusing on softwood timber production.

Rayonier highlights the importance of forests in protecting water quality in a recent press release. The company emphasizes that over 50% of the drinking water in the U.S. originates from forests, with 30% from privately-owned working forests. Rayonier has actively engaged in sustainable forestry practices, protecting 11,800 miles of streams and investing over $22 million to restore salmon habitats in Washington. The firm has also redirected water flow to Brooks Sink, Florida's largest sinkhole, leading to an estimated increase of 220 million gallons of water replenishing the Floridan aquifer annually, enough to fill 333 Olympic-sized pools.

Rayonier Inc. (NYSE:RYN) has declared a first quarter cash dividend of $0.285 per common share, payable on March 31, 2023, to shareholders on record as of March 17, 2023. Additionally, a cash distribution of $0.285 per operating partnership unit was announced, also payable on March 31, 2023, to holders of record on March 17, 2023. This reflects the company’s ongoing commitment to return value to shareholders. Rayonier is a leader in timberland real estate investment, with approximately 2.8 million acres of timberlands across regions in the U.S. and New Zealand as of December 31, 2022.

Rayonier emphasizes its commitment to environmental stewardship and wildlife protection, particularly focusing on bald eagles. Foresters like Charlie Dunn and Ben Cazell employ sustainable forestry practices while adhering to federal laws designed to protect these birds. They maintain buffer zones around identified nests, ensuring no activity disrupts the eagles during nesting seasons. This proactive approach integrates advanced technology, allowing for real-time mapping and communication about eagle nest locations. Rayonier's efforts showcase the balance between timber production and ecological conservation, highlighting the role of foresters in preserving vulnerable species.

Rayonier was awarded the 2022 Large Business of the Year by Nassau County Chamber of Commerce at their Annual Business Awards Dinner on February 2, 2023. This prestigious recognition highlights Rayonier's 85 years of commitment to the community and responsible environmental stewardship. The Chamber honors businesses that contribute positively to the region's growth and quality of life. This award reflects Rayonier's dedication to both community prosperity and sustainable practices.

YULEE, FL. / ACCESSWIRE / February 2, 2023 / Rayonier employees participated in a team-building event called More Than Planting Day, planting thousands of trees near the company's headquarters. Approximately 50 support staff from various departments planted seedlings, learning from professional foresters about the planting process. Rayonier plants over 30 million trees annually and has planted almost 1.5 billion since its inception. The event emphasized the importance of forestry in providing clean air, water, and habitat for wildlife. Future planting days are planned to continue team engagement and awareness of environmental contributions.

Rayonier reported a fourth quarter net income attributable to the company of $33.1 million ($0.22 per share) on revenues of $245.4 million, compared to $8.7 million in the prior year quarter. Full-year net income was $107.1 million ($0.73 per share), down from $152.6 million the previous year. Key drivers included $16.6 million from large asset dispositions and operational challenges in the New Zealand segment due to declining timber prices. Adjusted EBITDA for the fourth quarter was $68.4 million, up from $50.4 million year-over-year. The company expects 2023 net income of $52 to $73 million, indicating an overall cautious outlook amid market fluctuations.

Rayonier has invested over 60 years in forest research, establishing more than 200 acres of seed orchards that produce 90% of their seedlings. The company employs natural breeding methods focusing on improving wood growth and disease resistance in pine species, particularly in the Southeast. This extensive research involves rigorous field tests to select high-performing tree families. While the process takes years to yield results, it ultimately aims to create healthier trees that benefit the environment by sequestering more carbon. Rayonier emphasizes that their breeding methods do not involve genetic engineering, ensuring ecological integrity.