Rayonier (RYN) Q2 2026 Earnings Call Transcript

Rayonier (RYN) held its Q2 2026 earnings call on Aug. 6, 2026, with executives emphasizing performance after its merger with PotlatchDeltic. Net income attributable to Rayonier was $19.1 million, or $0.06 per diluted share, after $10.2 million of merger-related costs and a $2.3 million timber casualty loss. Pro forma net income was $31.5 million, or $0.10 per share, excluding one-time merger costs. Adjusted EBITDA totaled $123.7 million, supported by PotlatchDeltic operations and segment strength. Southern Timber adjusted EBITDA rose to $52.6 million on 3.35 million tons of harvest volume; Northwest Timber adjusted EBITDA increased to $26.3 million. Average lumber price realization reached $505 per MBF.