NYSE$RYN

Rayonier Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Rayonier Inc reported Q2 2025 results including a large gain from the sale of its New Zealand joint venture.

Rayonier reported consolidated sales of $106.5 million from continuing operations in Q2 2025. The company recorded net income of $413.6 million, driven primarily by a $404.5 million gain on the sale of its New Zealand operations. Operating income from continuing operations was $14.5 million.

  • Q2 sales from continuing operations totaled $106.5 million, up from $99.6 million in Q2 2024.
  • Net income reached $413.6 million, largely due to the $404.5 million gain on disposal of the New Zealand joint venture.
  • Southern Timber segment delivered $53.3 million in sales with harvest volumes of 1.598 million tons.
  • Real Estate segment sales rose to $29.4 million with 3,263 acres sold at an average price of $8,340 per acre.

Headline financials

Total Revenue

$107M

Previous: $174M-38.6%
EPS (adj)

$2.63

Previous: $0.01+26200.0%
Southern Timber Harvest Volumes

1.6M

No prior period
Pacific Northwest Timber Harvest Volumes

248.0K

No prior period
Real Estate Acres Sold

3.3K

No prior period
Capital Expenditures

-$8.18M

Previous: -$47.1M+82.6%
Net Income

$409M

Previous: $1.9M+21377.0%
Operating Income

$14.5M

Previous: $12.4M+16.9%

Revenue & EPS history

Rayonier · Revenue · Quarterly

$107M

Q2 2025-38.6%vs Q2 2024
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Rayonier · $107M total across 4 segments · Q2 2025

  • Southern Timber
    $53.3M
  • Real Estate
    $29.4M
  • Pacific Northwest Timber
    $22.4M
  • Trading
    $1.4M

Forward guidance

Management expects Southern Timber harvest volumes toward the lower end of prior guidance with modestly higher net stumpage realizations in the second half. Pacific Northwest volumes are expected to be consistent with prior guidance and log pricing modestly higher. Significant Real Estate closing activity is anticipated for the balance of the year.

Tailwinds

  • Improved demand conditions expected in Southern Timber in H2
  • Strong transaction pipeline in Real Estate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.4%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+0.6%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+13.2%

Q3 2023

Best reaction

-21.2%

Q3 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+0.0%-4.0%-1.0%
Q4 2025+0.6%+5.8%-9.7%
Q3 2025+1.6%+1.4%-2.6%
Q1 2025-3.6%-6.3%-3.1%
Q4 2024+2.4%-0.9%+6.1%
Q3 2024-0.1%-4.6%-0.7%
Q2 2024-5.1%-6.4%-0.6%
Q1 2024-0.8%+1.0%+1.2%
Q4 2023+4.9%+5.8%+11.8%
Q3 2023+13.2%+18.7%+24.6%
Q2 2023-1.3%-3.5%-8.6%
Q1 2023-2.9%-2.7%-2.6%
Q4 2022+2.4%-3.9%-7.0%
Q3 2022-5.2%+2.3%+7.0%
Q2 2022-4.2%-4.0%-7.0%
Q1 2022-6.5%-11.1%-3.6%
Q4 2021+2.6%+3.9%+11.6%
Q3 2021+4.3%+4.8%+0.4%
Q2 2021+0.2%+0.3%+3.8%
Q1 2021+1.9%+5.5%+0.7%
Q4 2020+3.1%+7.4%+3.6%
Q3 2020-1.7%-3.5%+4.9%
Q2 2020+2.5%+1.4%+4.2%
Q1 2020-6.5%-9.5%-7.6%
Q4 2019-0.8%-5.2%-12.8%
Q3 2019-7.3%+1.4%+5.3%
Q2 2019-4.6%-7.1%-4.2%
Q1 2019-0.3%+2.8%-11.5%
Q4 2018-5.4%-7.0%-6.0%
Q3 2018+2.9%+4.4%+4.5%
Q2 2018+0.3%-3.1%-0.5%
Q1 2018+1.7%+2.7%+5.3%
Q4 2017+0.8%+3.1%+11.5%
Q3 2017+1.6%+3.2%+5.1%
Q2 2017-0.1%+0.2%-2.7%
Q1 2017-4.1%-2.5%+0.6%
Q4 2016+2.0%-0.6%+0.4%
Q3 2016+0.6%+1.1%+1.2%
Q2 2016-0.6%+0.1%+3.1%
Q1 2016+2.5%
Q4 2015+4.1%
Q3 2015+8.6%
Q2 2015-7.1%
Q1 2015+1.4%
Q4 2014-5.2%
Q3 2014-21.2%
Q2 2014-3.6%
Q1 2014-1.8%
Q4 2013+7.8%
Q3 2013-19.7%
Q2 2013+2.3%
Q1 2013-1.2%
Q4 2012-1.6%
Q3 2012+0.4%
Q2 2012+1.7%
Q1 2012+0.9%
Q4 2011+0.2%
Q4 2008+0.2%
Q3 2011-0.8%
Q2 2011-0.4%
Q1 2010+4.4%
Q1 2011+1.8%
Q4 2010-3.3%
Q3 2010+2.0%
Q3 2009+2.0%
Q4 2009+2.2%
Q2 2009+2.2%
Q2 2010+2.2%

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