Rayonier Q1 net loss of $12.4 million on merger costs; revenue rises to $276.8 million
Rayonier reported a first-quarter 2026 net loss attributable to Rayonier of $12.4 million, or $0.05 per diluted share, on revenues of $276.8 million, compared with a $3.4 million loss on $82.9 million of revenue a year earlier. The results include $69.5 million of after-tax costs tied to the PotlatchDeltic merger, which closed on January 30, 2026, and a $40.3 million tax benefit from a valuation allowance release; excluding these items, the company reported non-GAAP pro forma net income of $17.4 million, or $0.07 per share.
Key points
- Net loss attributable to Rayonier of $12.4 million ($0.05 per diluted share) versus a $3.4 million loss ($0.02 per share) in the prior-year quarter
- Revenues of $276.8 million versus $82.9 million a year earlier, reflecting two months of PotlatchDeltic operations after the January 30, 2026 merger
- Pro forma net income of $17.4 million ($0.07 per share), a non-GAAP measure, compared with a pro forma net loss of $2.7 million a year earlier
- Repurchased $31.1 million of shares at an average price of $20.98; $198.4 million remains on the authorization as of March 31, 2026
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.