RYN Earnings Prediction
The chart below shows how RYN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RYN sees a +0.67% change in stock price 10 days leading up to the earnings, and a +0.40% change 10 days following the report. On the earnings day itself, the stock moves by -0.52%. This data can give you a slight idea of what to expect for the next quarter's release.
RYN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
194.99M
-3.27%
12.32%
Gross Margin
24.51%
-11.71%
21.82%
Operating Margin
15.13%
-17.37%
83.62%
Net Margin
15.61%
38.39%
792.00%
EPS
0.19
46.15%
1800.00%
No Data Available
RYN Earnings Analysis
Rayonier Inc. Corporation (RYN.N) Earnings Conference Call
Positive
Timberland Dispositions Impact: 1. Significant Timberland Dispositions: Rayonier completed timberland dispositions totaling 200,000 acres for an aggregate purchase price of $495 million, expected to generate pro forma CAD per share accretion of approximately 9%.
Adjusted EBITDA Guidance Update: 2. Strong Adjusted EBITDA Guidance: The company updated its full year adjusted EBITDA guidance range to $275 million to $290 million, reflecting a solid performance despite challenges in the timber market.
Real Estate EBITDA Increase: 3. Real Estate Segment Growth: The real estate segment generated adjusted EBITDA of $20 million in Q3, up $1 million from the prior year, driven by higher average per acre prices despite lower acres sold.
Cash Position Improvement: 4. Improved Cash Position: Rayonier closed the quarter with $74 million in cash and reduced its weighted average cost of debt to approximately 2.7% after using $90 million of disposition proceeds to pay down floating rate debt.
Non-Timber Revenue Increase: 5. Increased Non-Timber Revenue: The Southern Timber segment saw a $6.8 million increase in non-timber revenue compared to the prior year, driven by higher pipeline easement revenues and growth in the land-based solutions business.
Negative
Adjusted EBITDA Decline: 1. Decline in Adjusted EBITDA: Rayonier reported third quarter adjusted EBITDA of $72 million, down from $79 million in the prior year, primarily due to a lower contribution from the New Zealand timber segment.
Cash Distribution Decline: 2. Lower Cash Available for Distribution: Cash available for distribution (CAD) for the first nine months of the year was $106 million, a decrease from $115 million in the prior year period, driven by lower adjusted EBITDA.
High Leverage Position: 3. Increased Debt Levels: The company closed the third quarter with approximately $1.3 billion of debt, resulting in a net debt to trailing 12 months adjusted EBITDA ratio of approximately 4.5 times, indicating a high leverage position.
Timber Segment Decline: 4. Decreased Timber Segment Performance: The New Zealand Timber segment's adjusted EBITDA fell to $15 million, a decrease of $9 million compared to the prior year, attributed to lower carbon credit sales and a 16% decline in weighted average net stumpage realizations.
Updated EBITDA Guidance: 5. Revised Full Year EBITDA Guidance: Rayonier updated its full year adjusted EBITDA guidance to a range of $275 million to $290 million, reflecting the impact of completed and pending timberland dispositions and lower harvest volumes.
RYN FAQs
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RYN Earning Call Sentiment
Rayonier Inc. (RYN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
RYN.N
-0.47%Positive
The earnings call summary reveals weak financial performance with reduced EBITDA and net income, and guidance towards the lower end of expectations. The Q&A section highlights management's reluctance to provide detailed guidance or updates on strategic evaluations, which could cause investor unease. Despite some positive aspects like special distributions and debt reduction, the overall sentiment is negative, particularly with weak guidance and unclear management responses overshadowing potential positives. The market cap suggests moderate volatility, leading to a likely negative stock price movement of -2% to -8% over the next two weeks.