- Rayonier press release ( NYSE: RYN ): Q4 Non-GAAP EPS of $0.11 misses by $0.01 .
- Revenue of $245.4M (-6.3% Y/Y) beats by $37.72M .
- Outlook
- In 2023, we expect to achieve net income attributable to Rayonier of $52 to $73 million, EPS of $0.36 to $0.50 and Adjusted EBITDA of $280 to $320 million. We generally expect that results in the first half of the year will be meaningfully lower than results in the second half of the year, as end market demand continues to normalize following the rapid rise in interest rates and associated market volatility. We further expect that year-over-year net income attributable to Rayonier and EPS will be impacted by increased depletion rates in our Southern Timber segment following the completion of our previously announced acquisition of 137,800 acres in the U.S. South for $454 million.
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Rayonier Non-GAAP EPS of $0.11 misses by $0.01, revenue of $245.4M beats by $37.72M