Rayonier cuts FY25 EPS view to 34c-41c from 51c-64c, consensus 57c

The company said, “We are updating our 2025 guidance to reflect the Company’s New Zealand Timber segment moving to discontinued operations in our financial statements, as well as our first quarter results and expectations for the balance of the year. Specifically, we now expect to achieve net income attributable to Rayonier (RYN) of $424 to $458 million, EPS of $2.71 to $2.93, pro forma EPS of $0.34 to $0.41, and Adjusted EBITDA of $215 to $235 million. Our revised Adjusted EBITDA guidance reflects a slight decrease at the midpoint (i.e.,-1%) versus our prior guidance, after adjusting for the impact of reclassifying the New Zealand operations to discontinued operations. Our revised net income attributable to Rayonier guidance includes the anticipated gain on the sale of our New Zealand joint venture interest.”