Rayonier Reports Q3 2026 Earnings Boosted by PotlatchDeltic Merger and Asset Dispositions
Rayonier (RYN) reported strong third-quarter 2026 financial results, highlighted by a net income of $123.3 million ($0.41 per diluted share). This figure was significantly bolstered by a $90.6 million gain from the disposition of 36,000 acres in Washington. Adjusted EBITDA rose to $144.6 million, up from $114.3 million in the prior year, driven largely by the integration of PotlatchDeltic operations and increased harvest volumes across Southern and Northwest timber segments. The company is actively optimizing its land portfolio, executing a $145 million sale in Washington while simultaneously acquiring 57,000 acres in Texas and Alabama for $146 million. Real Estate Adjusted EBITDA exceeded previous guidance due to accelerated transaction closings. Additionally, Rayonier continues its aggressive capital return program, having repurchased 7.8 million shares totaling $163 million year-to-date.
Topics: EBITDA Financial Results Mergers and Acquisitions Net Income Timber Harvest Volume
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