Rayonier Inc. reported 2Q 2019 net income of $18.8 million, or $0.14 per share, on revenues of $184.8 million. This compares to net income of $36.3 million, or $0.28 per share, on revenues of $245.9 million in the prior year quarter, as the company says in the press release received by Lesprom Network.
2Q operating income was $31.4 million versus $51.6 million in the prior year period. 2Q Adjusted EBITDA was $60.6 million versus $111.3 million in the prior year period.
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand.