Rayonier (RYN) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, August 13, 2026 astatine 9:16 AM CDT 32 min read

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DATE

Thursday, Aug. 6, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• Vice President of Capital Markets and Strategic Planning - Collin Mings

• President and Chief Executive Officer - Mark McHugh

Full Conference Call Transcript

Operator: Hello, everyone. Thank you for joining us, and invited to the Q2 2026 Rayonier Inc. Earnings Conference Call. [Operator Instructions] I volition present manus the league telephone implicit to Collin Mings, Vice President of Capital Markets and Strategic Planning. Collin, delight spell ahead.

Collin Mings: Thank you, and bully morning. Welcome to Rayonier's capitalist teleconference covering 2nd 4th earnings. Our net statements and fiscal supplement were released yesterday day and are disposable connected our website astatine rayonier.com. I would similar to punctual you that successful these presentations, we see forward-looking statements made pursuant to the harmless harbor provisions of national securities laws. Our net merchandise and Forms 10-K and 10-Q filed with the SEC database immoderate of the factors that whitethorn origin existent results to disagree materially from the forward-looking statements we whitethorn make. They are besides referenced connected Page 2 of our fiscal supplement.

Throughout these presentations, we volition besides sermon non-GAAP fiscal measures, which are defined and reconciled to the nearest GAAP measures successful our net merchandise and supplemental materials. With that, let's commencement our teleconference with opening comments from Mark McHugh, our President and CEO. Mark?

Mark McHugh: Thanks, Collin. Good morning, everyone. Before turning to our 2nd 4th results, I'd similar to supply a little update connected our merger of equals with PotlatchDeltic arsenic good arsenic the 2 timberland transactions we announced yesterday, which further beforehand our portfolio optimization strategy. Since closing the merger successful precocious January, our squad has moved rapidly to optimize our organizational structure, seizure operational efficiencies and integrate the 2 companies' cultures into a shared foundation. We besides signed a lease connected our caller firm office successful Atlanta, which we expect to unfastened successful aboriginal 2027. I'm arrogant of our team's execution implicit the past 6 months.

We've made important advancement connected integration initiatives, and we stay connected way to execute our tally complaint synergies targets. Moving to the transactions we announced yesterday. Last week, we closed 2 timberland transactions with Resource Management Service, oregon RMS. The transactions comprised the merchantability of astir 36,000 acres successful Southwest Washington for $145 cardinal and the concurrent acquisition of astir 57,000 acres successful Texas and Alabama for $146 million, taxable to customary closing adjustments. The transactions were structured arsenic a tax-efficient like-kind speech and are expected to beryllium accretive to currency travel connected a timber-only ground with further upside imaginable from HBU existent property income and land-based solutions opportunities.