Rayonier Q2 pro forma EPS rises to $0.10 as PotlatchDeltic merger lifts sales to $396.5 million
Rayonier reported second-quarter 2026 revenue of $396.5 million, up from $106.5 million a year earlier, and pro forma net income of $31.5 million ($0.10 per diluted share) versus $9.6 million ($0.06). GAAP net income attributable to Rayonier fell to $19.1 million ($0.06 per diluted share) from $408.7 million ($2.63), a comparison that includes a $404.4 million gain on the prior-year sale of its New Zealand joint venture interest. The company repurchased $72.4 million of shares and maintained its 2026 outlook.
Key points
- Revenue of $396.5 million versus $106.5 million, with PotlatchDeltic operations included for the full quarter following the merger that closed January 30, 2026
- Adjusted EBITDA of $123.7 million versus $44.9 million in the prior-year quarter
- Repurchased about 3.5 million shares for $72.4 million at an average price of $20.95, leaving $126.0 million on the current authorization
- Full-year 2026 Real Estate Adjusted EBITDA outlook of $180 to $200 million was maintained; third-quarter Real Estate Adjusted EBITDA is expected at $25 to $35 million
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 August 05, 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.