Rayonier

Caddo Appoints Andres Mezzano as New President

Retrieved on: 
Monday, January 22, 2024

“We’re thrilled to welcome Andres as Caddo’s new President and are confident that we have found a leader who understands Caddo’s legacy and can continue to sustain and grow the asset,” said Gerrity Lansing, Head of TIG and Interim Chairman of Caddo’s Board of Directors. “Andres’ broad range of experience -- matched with his deep knowledge of the region where Caddo operates and the stakeholders we work with -- makes him the ideal candidate to continue Caddo’s rich history of timberland and natural resources management through a commitment to stewardship, sustainability, and impact.”

Key Points: 
  • Caddo Sustainable Timberlands, LP (“Caddo”), the largest private timberland owner in Texas, announces the appointment of Andres Mezzano to the role of President.
  • Andres has over 25 years of domestic and international timberland experience, with a focus on business development, strategic planning, timberland acquisitions, and silviculture investments.
  • Most recently, Andres was Director of Business Development for Rayonier, where he was employed since 2003.
  • “Andres’ broad range of experience -- matched with his deep knowledge of the region where Caddo operates and the stakeholders we work with -- makes him the ideal candidate to continue Caddo’s rich history of timberland and natural resources management through a commitment to stewardship, sustainability, and impact.”
    “I am deeply honored that the Board has selected me to lead Caddo as its next President,” said Andres Mezzano.

Rayonier Announces Climate Pledge Commitment

Retrieved on: 
Thursday, January 11, 2024

Rayonier Inc. (NYSE:RYN) announced today its commitment to The Climate Pledge, reinforcing our dedication to a sustainable and environmentally responsible future.

Key Points: 
  • Rayonier Inc. (NYSE:RYN) announced today its commitment to The Climate Pledge, reinforcing our dedication to a sustainable and environmentally responsible future.
  • The Climate Pledge encourages businesses worldwide to take immediate and impactful action to combat climate change.
  • By signing The Climate Pledge, Rayonier joins a growing community of over 460 companies that are committed to achieving net-zero carbon emissions by 2040, a decade ahead of the Paris Agreement's target.
  • As part of our commitment to The Climate Pledge, Rayonier will:
    Measure and report: We will continue to measure our carbon emissions accurately and transparently, ensuring that we have a clear understanding of our environmental impact.

Rayonier Scheduled to Release Fourth Quarter Earnings on January 31

Retrieved on: 
Wednesday, January 10, 2024

Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2023 earnings after the market closes on Wednesday, January 31, 2024.

Key Points: 
  • Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2023 earnings after the market closes on Wednesday, January 31, 2024.
  • Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 1 to discuss these results.
  • A replay of the webcast will be archived on the Company’s website and available shortly after the call.
  • Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER.

International Sustainable Forestry Coalition announces incorporation and first Office Holders

Retrieved on: 
Friday, December 15, 2023

After substantial participation at COP28 in Dubai, an expanding group of leading global sustainable forestry companies working together as the International Sustainable Forestry Coalition (ISFC), has announced the formalization of the organization.

Key Points: 
  • After substantial participation at COP28 in Dubai, an expanding group of leading global sustainable forestry companies working together as the International Sustainable Forestry Coalition (ISFC), has announced the formalization of the organization.
  • The International Sustainable Forestry Coalition (ISFC) has successfully registered with Companies House in the United Kingdom as a not for profit Company limited by guarantee.
  • Three Directors of the Company are today being announced in global leadership positions.
  • The ISFC has been well received at both New York Climate Week in September and then at COP28 in Dubai.

Rayonier Announces Initiatives to Enhance Shareholder Value

Retrieved on: 
Wednesday, November 1, 2023

The Plan is intended to enhance shareholder value by capturing the significant disparity between public and private timberland values and reducing the level of debt the Company maintains in a higher interest rate environment.

Key Points: 
  • The Plan is intended to enhance shareholder value by capturing the significant disparity between public and private timberland values and reducing the level of debt the Company maintains in a higher interest rate environment.
  • The Company today announced the first step toward effectuating the Plan with the sale of 55,000 acres in Oregon for $242 million.
  • “Rayonier remains committed to its nimble, value-added capital allocation strategy,” said David Nunes, Chief Executive Officer.
  • “This valuation disconnect has only widened since then, which motivated us to commit to a more transformational initiative to drive value accretion for our shareholders.

Rayonier Announces Leadership Succession Plan

Retrieved on: 
Wednesday, November 1, 2023

“I believe Rayonier is well positioned to prosper under his leadership.”

Key Points: 
  • “I believe Rayonier is well positioned to prosper under his leadership.”
    Dod Fraser, Chairman of Rayonier’s Board of Directors, said, “On behalf of the entire Board, I want to thank Dave for his many contributions to Rayonier.
  • Dave has also done an excellent job of preparing the next generation of leaders at Rayonier, and the appointment of Mark is the result of a well-constructed succession plan that has been a priority of the Board for the last several years.
  • Mr. McHugh added, “April brings exceptional accounting expertise, a deep understanding of Rayonier, and a demonstrated track record of leadership that will translate to a seamless transition for our finance organization.
  • April joined Rayonier in 2010 and has held multiple positions of increasing responsibility within the finance and accounting departments.

Rayonier Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023

“We generated strong third quarter results, particularly in light of the macroeconomic challenges that continue to adversely impact our timber businesses,” said David Nunes, CEO.

Key Points: 
  • “We generated strong third quarter results, particularly in light of the macroeconomic challenges that continue to adversely impact our timber businesses,” said David Nunes, CEO.
  • Third quarter Adjusted EBITDA2 of $37.8 million was 3%, or $1.2 million, above the prior year period.
  • Third quarter sales of $29.3 million decreased $5.1 million, or 15%, versus the prior year period.
  • Third quarter sales of $6.8 million decreased $4.8 million versus the prior year period due to lower volumes and prices.

Rayonier Announces Fourth Quarter 2023 Dividend

Retrieved on: 
Friday, October 20, 2023

Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $0.285 per common share.

Key Points: 
  • Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $0.285 per common share.
  • The dividend is payable on December 29, 2023, to shareholders of record on December 15, 2023.
  • The Company also announced today that the Company’s board of directors, in its capacity as the board of directors of the general partner of Rayonier, L.P., has declared a fourth quarter cash distribution of $0.285 per operating partnership unit.
  • The cash distribution is payable on December 29, 2023, to holders of record on December 15, 2023.

Rayonier Scheduled to Release Third Quarter Earnings on November 1

Retrieved on: 
Wednesday, October 11, 2023

Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2023 earnings after the market closes on Wednesday, November 1, 2023.

Key Points: 
  • Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2023 earnings after the market closes on Wednesday, November 1, 2023.
  • Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, November 2 to discuss these results.
  • A replay of the webcast will be archived on the Company’s website and available shortly after the call.
  • Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER.

Rayonier Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023

“While overall market sentiment has improved versus the first quarter of this year, our second quarter results reflect ongoing macroeconomic challenges and weaker end-market demand as compared to the prior year,” said David Nunes, CEO.

Key Points: 
  • “While overall market sentiment has improved versus the first quarter of this year, our second quarter results reflect ongoing macroeconomic challenges and weaker end-market demand as compared to the prior year,” said David Nunes, CEO.
  • Second quarter Adjusted EBITDA2 of $43.6 million was 13%, or $4.9 million, above the prior year period.
  • Second quarter sales of $32.3 million decreased $6.8 million, or 17%, versus the prior year period.
  • Second quarter sales of $15.4 million decreased $12.3 million versus the prior year period due to lower volumes and prices.