Overview
Rayonier Q3 2025 revenue beats analyst expectations, adjusted EPS also exceeds estimates
Adjusted EBITDA for Q3 2025 doubles yr/yr, driven by Real Estate and Southern Timber
Company announces merger with PotlatchDeltic, expected to close in early 2026
Outlook
Company expects full-year adjusted EBITDA at or above prior guidance range
Rayonier anticipates Q4 net income of $13 to $17 mln
Company forecasts Q4 EPS between $0.08 and $0.11
Result Drivers
REAL ESTATE GROWTH - Significant transactions in Real Estate segment boosted results, outperforming expectations
SOUTHERN TIMBER VOLUME - 24% increase in harvest volumes in Southern Timber segment drove growth despite lower stumpage realizations
PACIFIC NORTHWEST DECLINE - Reduced harvest volumes impacted Pacific Northwest Timber segment, partially offset by lower costs and improved pricing
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $177.50 mln | $160.40 mln (5 Analysts) |
Q3 Adjusted EPS | Beat | $0.32 | $0.22 (5 Analysts) |
Q3 EPS | $0.28 | ||
Q3 Adjusted Net Income | Beat | $50.20 mln | $35.84 mln (4 Analysts) |
Q3 Net Income | $43.20 mln | ||
Q3 Adjusted EBITDA | Beat | $114.30 mln | $89.11 mln (5 Analysts) |
Q3 Operating Income | $41.70 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for Rayonier Inc is $29.50, about 26.1% above its November 4 closing price of $21.79
The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 43 three months ago
Press Release: ID:nBw5SZTssa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)