Rayonier Stock Price, News & Analysis

Rayonier, a major landowner, is focusing on land-based solutions to address environmental needs and support the transition to a low-carbon economy. These solutions include:

1. Alternative land uses: Leasing land for solar and wind farms to produce clean energy. In 2023, the first solar farm on Rayonier land came online in Texas, powering 30,000 homes and avoiding 250,000 metric tons of CO₂ emissions annually.

2. Carbon capture and storage (CCS): Providing underground pore space for CO₂ storage. Rayonier announced 75,000 acres of pore space lease agreements in 2024.

3. Carbon sequestration: Maximizing carbon capture in forests and participating in carbon offset markets. In 2023, Rayonier generated $23 million in New Zealand Unit sales.

4. Bioenergy and biofuel production: Supplying wood fiber for renewable fuels and exploring opportunities in bioenergy with carbon capture and storage (BECCS).

5. Environmental conservation: Implementing conservation strategies and enhancing biodiversity through sustainable land management practices.

Rayonier has launched ForestryCareers.com, a new website aimed at educating students and career seekers about opportunities in the forestry industry. The site offers interactive lessons, informative videos, and a career resources guide for educators, counselors, and parents to introduce forestry careers to students. It provides detailed profiles and salary information for various roles in the sector.

Tiffany Wilson, director of strategic communications at Rayonier, emphasized the importance of attracting talented individuals to manage forests sustainably. The website is a resource for students, parents, guidance counselors, teachers, and forestry professionals interested in connecting with the next generation. This initiative is part of Rayonier's broader commitment to forestry education and career development, which includes partnerships with schools and universities for internships and scholarships.

Rayonier Inc. (NYSE:RYN) has released its 2023 Sustainability Report and Carbon Report, showcasing its commitment to environmental stewardship and stakeholder well-being. The reports highlight Rayonier's efforts in enhancing long-term sustainability of land resources and improving ESG practices.

Key points include:

• Rayonier's forestlands removed an estimated 13 million metric tonnes of CO2 equivalents in 2023
• The company's forests stored approximately 715 million metric tonnes of CO2 equivalents by year-end 2023
• Rayonier became a signatory to The Climate Pledge in December 2023
• The company has set emissions reduction targets aligned with the Paris Agreement 1.5ºC pathway

These reports demonstrate Rayonier's ongoing commitment to transparency and sustainable forest management.

Rayonier Inc. (NYSE:RYN) reported second quarter 2024 results with net income of $1.9 million ($0.01 per share) on revenues of $173.6 million. This compares to net income of $19.0 million ($0.13 per share) on revenues of $208.9 million in Q2 2023. Pro forma net income was $3.7 million ($0.02 per share), down from $7.8 million ($0.05 per share) in the prior year period.

Adjusted EBITDA for Q2 2024 was $55.7 million, a 20% decline from $69.2 million in Q2 2023. The company attributes this decrease to lower harvest volumes in Timber segments due to softer demand and harvest activity deferrals. Year-to-date cash provided by operating activities was $107.6 million, with cash available for distribution (CAD) at $59.6 million.

Rayonier expects full-year Adjusted EBITDA to be towards the lower end of its prior guidance range, with pro forma EPS slightly below the low end of prior guidance. The company is progressing on its $1 billion disposition plan and anticipates providing more details on significant transactions in the coming months.

Rayonier Inc. (NYSE:RYN) has announced a third quarter cash dividend of $0.285 per common share, payable on September 30, 2024, to shareholders of record on September 16, 2024. Additionally, the board of directors, acting as the board of the general partner of Rayonier, L.P., has declared a third quarter cash distribution of $0.285 per operating partnership unit, also payable on September 30, 2024, to holders of record on September 16, 2024.

Rayonier Inc. (NYSE:RYN) has announced its plans to release second quarter 2024 earnings after market close on August 7, 2024. The company will host a conference call and live audio webcast on August 8, 2024, at 10:00 a.m. ET to discuss the results. Investors can access supplemental materials and the live webcast at www.rayonier.com. For those unable to attend, a replay will be available on the company's website shortly after the call. Additionally, investors can listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international) using the passcode RAYONIER. A replay of the call will be accessible until September 8, 2024, by dialing 866-361-4936 (domestic) or 203-369-0184 (international) with passcode 4074.

Phillip Smith, Director of Operations in Rayonier's Alabama Resource Unit, shares his 27-year journey with the company. Starting as a Timber Sales Forester, he now oversees 260,000 acres of timberland and a team of foresters. Key highlights:

- Smith helped establish Rayonier's presence in Alabama 23 years ago
- His role involves collaboration, advocacy, and field work
- He emphasizes the importance of timber as a valuable natural resource
- Smith praises Rayonier's culture and the positive impact of forestry on society
- The Alabama Resource Unit has seen significant team changes in the past year

Smith's story showcases Rayonier's commitment to employee growth and the forestry industry's vital role in local economies and sustainable resource management.

Rayonier has published its latest Sustainability Report, focusing on employee recruitment and retention. The company emphasizes the importance of a strong, diverse workforce for its ongoing success. Various outreach and educational programs aim to raise awareness about Rayonier and the forestry sector among students. The annual college internship program, offered in the U.S. and New Zealand, supports the development of future leaders and includes positions in multiple departments. In 2022, the program hosted 11 interns, including three from underrepresented groups. Interns receive competitive pay and benefits. Rayonier also funds scholarships for forestry students to promote diversity and inclusion. Educational initiatives include funding forestry awareness and supporting undergraduate and graduate students. For more details, refer to the full report on their website.

Rayonier's latest sustainability report highlights the carbon storage benefits of their forest products. The report elucidates how the company's harvesting practices result in significant carbon sequestration even after the trees are harvested. The 2022 harvest volumes and their long-term storage benefits are analyzed, showing that carbon remains stored in end-use products like lumber and plywood for many decades.

Rayonier's approach of harvesting and replanting trees enhances carbon sequestration compared to natural growth. The report includes a 100-year comparison of two scenarios: one with unmanaged, unharvested trees and another with multiple rotations of managed, harvested trees. The latter shows a higher level of carbon storage due to products made from harvested timber.

For detailed information, the full sustainability report is available on Rayonier's website.