Rayonier Inc. completes the acquisition of Pope Resources, A Delaware Limited Partnership. Unitholders of Pope Resources approved the transaction at a special meeting of unitholders held on May 5, 2020.
Rayonier Inc.
Rayonier Inc. reported 1Q 2020 net income of $25.9 million, or $0.20 per share, on revenues of $259.1 million. This compares to net income of $24.8 million, or $0.19 per share, on revenues of $191.5 million in the prior year quarter.
Rayonier Inc. announced that Richard D. Kincaid, Chairman of the Rayonier Board of Directors, passed away unexpectedly on March 20, 2020. Effective immediately, the Board of Directors has appointed Dod A. Fraser to serve as Chairman.
Rayonier Inc. reported 4Q 2019 net income of $16 million, or $0.12 per share, on revenues of $178.8 million. This compares to net income of $2 million, or $0.02 per share, on revenues of $166.1 million in the prior year quarter.