RYN Rayonier (RYN) Q1 FY26 earnings call
Rayonier delivered solid Q1 FY26 results, integrating two months of PotlatchDeltic operations following the late January merger close. The company reported strong Adjusted EBITDA, primarily driven by robust Real Estate performance and increased timber harvest volumes, despite challenging pulpwood markets and moderating lumber prices. Management remains focused on realizing significant merger synergies and capitalizing on land-based solutions, including a growing solar development pipeline, to drive long-term shareholder value.
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RYN operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Harvest volume PotlatchDeltic | ~1M tonsTotal harvest volumes increased 76% versus the prior year quarter, primarily due to the addition of roughly 1 million tons of volume from the PotlatchDeltic timberlands.Source: earnings call transcript | ~1.5M tonsTotal harvest volumes more than doubled versus the prior year quarter, primarily due to the addition of roughly 1.5 million tons of volume from the PotlatchDeltic timberland.Source: earnings call transcript | — |
| Average lumber price realization Wood Products | $437During this period, our average lumber price realization was $437 per MBF and shipments totaled 199 million board feet.Source: earnings call transcript | $505Our average lumber price realization was $505 per MBF and shipments totaled 314 million board feet, in line with our prior guidance.Source: earnings call transcript | +15.6% |
| Lumber shipments Wood Products | 199M board feetDuring this period, our average lumber price realization was $437 per MBF and shipments totaled 199 million board feet.Source: earnings call transcript | 314M board feetOur average lumber price realization was $505 per MBF and shipments totaled 314 million board feet, in line with our prior guidance.Source: earnings call transcript | +57.8% |
| Acres sold Real Estate | ~7,700 acresIn the first quarter, real estate revenue totaled $60 million on approximately 7,700 acres sold at an average price of $7,300 per acre.Source: earnings call transcript | ~7,500 acresIn the second quarter, real estate revenue totaled $54 million on approximately 7,500 acres sold at an average price of $6,300 per acre.Source: earnings call transcript | — |
| Average price per acre Real Estate | $7,300In the first quarter, real estate revenue totaled $60 million on approximately 7,700 acres sold at an average price of $7,300 per acre.Source: earnings call transcript | $6,300In the second quarter, real estate revenue totaled $54 million on approximately 7,500 acres sold at an average price of $6,300 per acre.Source: earnings call transcript | -13.7% |
| Acres sold Rural Real Estate | ~7,650 acresFirst quarter sales totaled $49 million, consisting of roughly 7,650 acres sold at an average price of nearly $6,500 per acre.Source: earnings call transcript | <7,500 acresSecond quarter sales totaled $41 million, consisting of nearly 7,500 acres sold at an average price of roughly $5,400 per acre.Source: earnings call transcript | — |
| Average price per acre Rural Real Estate | <$6,500First quarter sales totaled $49 million, consisting of roughly 7,650 acres sold at an average price of nearly $6,500 per acre.Source: earnings call transcript | ~$5,400Second quarter sales totaled $41 million, consisting of nearly 7,500 acres sold at an average price of roughly $5,400 per acre.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.