Every material Form 8-K Rayonier filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Rayonier reported third quarter 2026 net income attributable to Rayonier of $123.3 million ($0.41 per diluted share), up from $43.2 million ($0.28) a year earlier, on sales of $565.6 million, and its board approved a new $300 million share repurchase authorization. Excluding a $90.6 million after-tax gain from a Large Disposition in Washington and $6.9 million of after-tax merger costs, pro forma net income was $40.0 million ($0.13 per diluted share), down from $50.2 million ($0.32) a year earlier, which shows the reported gain masked a decline in core earnings per share.
Reported Q3 net income attributable to Rayonier was $123.3 million, or $0.41 per diluted share, versus $43.2 million, or $0.28, a year earlier.
Pro forma net income was $40.0 million, or $0.13 per diluted share, versus $50.2 million, or $0.32, in the prior year quarter.
Board approved a new $300 million share repurchase authorization on November 3, 2026, in addition to $66.2 million remaining under the 2024 authorization.
Real Estate Adjusted EBITDA is expected to be $60 million to $70 million in the fourth quarter of 2026, based on the current transaction pipeline.
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.
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
Rayonier's board approved making Ryan Daniels Senior Vice President, Wood Products on a permanent basis, after he had served as interim head since March 20, 2026. His base salary rises to $450,000 and he becomes eligible for a 2026 cash bonus of 65% of earned base salary and salary stipend. The filing discloses no financial results, so the change is a leadership appointment rather than a change in reported performance.
Board approved the appointment on July 16, 2026; press release issued July 17, 2026.
Daniels previously served as interim SVP, Wood Products from March 20, 2026, and SVP, Operations from January 2026.
New base salary of $450,000, a cash bonus eligibility of 65% for 2026, and Tier II participation in the Executive Severance Pay Plan.
Daniels joined Rayonier through its merger with PotlatchDeltic, which closed in January 2026.
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.
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
Rayonier said Executive Vice President of Wood Products Ashlee Townsend Cribb is resigning effective March 20, 2026, to pursue a CEO role at a privately owned company, and that the resignation was not due to any disagreement with the company. Senior Vice President of Operations Ryan Daniels will lead the Wood Products business on an interim basis while the company searches for a permanent successor.
Cribb resigned on March 5, 2026, and remains at the company until March 20, 2026, to assist with the transition.
Ryan M. Daniels, 47, becomes Interim Senior Vice President, Wood Products, effective March 20, 2026.
Daniels will receive a $5,250 monthly salary stipend on top of his $337,592 annual base salary, eligibility for a cash bonus of 60% of that salary component, and a $200,000 restricted stock unit award vesting over four years.
Rayonier reported fourth quarter 2025 net income attributable to Rayonier of $25.9 million ($0.16 per share) on revenues of $117.5 million, down from $327.1 million ($2.15 per share) on $650.5 million a year earlier, when large timberland dispositions boosted results. Pro forma net income was $32.1 million ($0.20 per share), and full-year Adjusted EBITDA rose 8% to $248.0 million, while the company completed its merger with PotlatchDeltic on January 30, 2026 and gave initial 2026 segment guidance for the combined company.
Q4 2025 Adjusted EBITDA was $61.7 million, down 35% from $95.1 million a year earlier, as Real Estate closings in 2024 were concentrated in the fourth quarter.
Full-year 2025 pro forma net income was $89.2 million ($0.57 per share), compared with $45.8 million ($0.31 per share) in 2024.
2026 guidance includes full-year Real Estate Adjusted EBITDA of $180 to $200 million and first-quarter Real Estate Adjusted EBITDA of $30 to $35 million.
Southern Timber harvest volumes are expected at 12.1 to 12.6 million tons for 2026 for the combined company.
Following the January 30, 2026 completion of its merger with PotlatchDeltic, Rayonier disclosed that Wayne Wasechek was appointed Executive Vice President and Chief Financial Officer at the merger's effective time. The filing says he is expected to receive a $535,000 base salary, a target annual cash incentive of 100% of base salary, and long-term incentive awards with a target grant date fair value of $975,000.
Merger with PotlatchDeltic completed January 30, 2026
Wayne Wasechek appointed Executive Vice President and Chief Financial Officer
Expected base salary of $535,000 with a cash incentive target of 100% of base salary
Expected long-term incentive awards with a target grant date fair value of $975,000
On January 30, 2026, Rayonier and several subsidiaries entered into a Second Amended and Restated Credit Agreement with CoBank as administrative agent, governing senior unsecured credit facilities totaling $1,809.5 million. The agreement amends and restates Rayonier's prior credit agreement and PotlatchDeltic's term loan agreement, and it follows the completion of the merger of equals with PotlatchDeltic on the same date. Separately, Executive Vice President and Chief Resource Officer Douglas M. Long informed the company he will retire effective February 13, 2026.
Credit facilities total $1,809.5 million: a $200 million revolver maturing August 15, 2030, $600 million of Rayonier term loans, and $1,009.5 million of PotlatchDeltic term loans
Weighted average interest rates as of January 30, 2026 were 5.43% on Rayonier term loans and 5.74% on PotlatchDeltic term loans
Douglas M. Long, EVP and Chief Resource Officer, will retire effective February 13, 2026
Rayonier closed its merger with PotlatchDeltic on January 30, 2026, converting each PotlatchDeltic share into 1.8185 Rayonier common shares and $0.61 in cash. The Rayonier board was reconstituted to ten directors, and the combined company will keep the Rayonier name and trade under RYN starting February 2, 2026.
Each PotlatchDeltic common share converted into 1.8185 Rayonier common shares plus $0.61 in cash
Rayonier issued approximately 140.9 million common shares in connection with the merger
Eric J. Cremers, former PotlatchDeltic CEO, became Executive Chairman for a two-year term; Scott R. Jones became Lead Independent Director
Mark D. McHugh will serve as President and CEO for a four-year term, with an annual base salary of $950,000
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Rayonier filing is on SEC EDGAR ↗. 8-K briefs of other companies →