v3.26.1
RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
SALES (NOTE 5) $ 396,479 $ 106,538 $ 673,266 $ 189,459
Costs and Expenses        
Cost of sales (320,814) (74,906) (551,150) (139,858)
Selling and general expenses (30,738) (16,922) (52,413) (33,613)
Other operating expense, net (Note 20) (10,312) (165) (80,741) (1,384)
Costs and expenses (361,864) (91,993) (684,304) (174,855)
OPERATING INCOME (LOSS) 34,615 14,545 (11,038) 14,604
Interest expense, net (16,910) (6,542) (31,211) (12,936)
Interest income 4,845 2,327 12,001 5,203
Other miscellaneous (expense) income, net (478) (561) 376 (2,404)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 22,072 9,769 (29,872) 4,467
Income tax (expense) benefit (Note 22) (2,829) 0 36,601 (291)
INCOME FROM CONTINUING OPERATIONS 19,243 9,769 6,729 4,176
DISCONTINUED OPERATIONS, NET (NOTE 3)        
(Loss) income from operations of discontinued operations, net of tax 0 (625) 0 1,883
Gain on sale of discontinued operations 0 404,463 0 404,463
INCOME FROM DISCONTINUED OPERATIONS 0 403,838 0 406,346
NET INCOME 19,243 413,607 6,729 410,522
Less: Net income attributable to noncontrolling interests in the Operating Partnership (106) (5,476) (24) (5,430)
Less: Net loss attributable to noncontrolling interests in consolidated affiliates 0 577 0 192
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 19,137 408,708 6,705 405,284
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS        
Pension and postretirement benefit plans, net of income tax effect of $0, $0, $0 and $0 (2) (2)    
Foreign currency translation adjustment, net of income tax effect of $0, $0, $0 and $0   16,842    
Total other comprehensive (loss) income 10,232 47,308 12,487 43,893
COMPREHENSIVE INCOME 29,475 460,915 19,216 454,415
Less: Comprehensive income attributable to noncontrolling interests in the Operating Partnership (163) (6,071) (96) (5,973)
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates 0 (1,707) 0 (2,605)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $ 29,312 $ 453,137 $ 19,120 $ 445,837
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.        
Continuing Operations (in dollars per share) $ 0.06 $ 0.06 $ 0.02 $ 0.03
Discontinued Operations (in dollars per share) 0 2.57 0 2.59
Net (Loss) Income (in dollars per share) 0.06 2.63 0.02 2.62
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.        
Continuing Operations (in dollars per share) 0.06 0.06 0.02 0.03
Discontinued Operations (in dollars per share) 0 2.56 0 2.57
Net (Loss) Income (in dollars per share) $ 0.06 $ 2.63 $ 0.02 $ 2.60
Continuing Operations        
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS        
Cash flow hedges, net of income tax effect $ 10,234 $ (5,968) $ 12,490 $ (14,727)
Pension and postretirement benefit plans, net of income tax effect of $0, $0, $0 and $0 (2) (2) (3) (3)
Discontinued Operations        
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS        
Cash flow hedges, net of income tax effect 0 7,368 0 9,080
Foreign currency translation adjustment, net of income tax effect of $0, $0, $0 and $0 0 16,842 0 20,475
Deconsolidation of discontinued operations, net of income tax effect of $0, $0, $0 and $0 $ 0 $ 29,068 $ 0 $ 29,068