Latest news with #Rayonier
National Post
3 days ago
- Business
- National Post
RYAM Leadership to Highlight Growth Strategy at August Investor Conference and Roadshow
Article content JACKSONVILLE, Fla. — Rayonier Advanced Materials Inc. (NYSE: RYAM) (the 'Company'), the global leader in High Purity Cellulose, today announced that President and Chief Executive Officer De Lyle Bloomquist and Chief Financial Officer and Senior Vice President Finance Marcus Moeltner will engage with investors at two events later this month — the 16th Annual Midwest IDEAS Investor Conference and a Toronto Investor Roadshow. Article content These events will provide investors direct access to RYAM's leadership and insight into the Company's strategic priorities, operational execution, and market outlook. Article content Event Details: Article content 16th Annual Midwest IDEAS Investor Conference Presenter: De Lyle Bloomquist, President and CEO Date: August 26, 2025 Time: 8:55 AM (EST) Webcast Registration: Link Article content About RYAM Article content RYAM is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly used in the production of filters, food, pharmaceuticals and other industrial applications. RYAM's specialized assets, capable of creating the world's leading high purity cellulose products, are also used to produce biofuels, bioelectricity and other biomaterials such as bioethanol and tall oils. The Company also manufactures products for the paper and packaging markets. With manufacturing operations in the U.S., Canada and France, RYAM generated $1.6 billion of revenue in 2024. More information is available at Article content Forward-Looking Statements Article content Certain statements in this document regarding anticipated financial, business, legal, or other outcomes, including business and market conditions, outlook, and other similar statements relating to Rayonier Advanced Materials' or future or expected events, developments, or financial or operational performance or results, are 'forward-looking statements' made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as 'may,' 'will,' 'should,' 'expect,' 'estimate,' 'believe,' 'intend,' 'anticipate,' and other similar language. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events, and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that these expectations will be attained. It is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Article content Other important factors that could cause actual results or events to differ materially from those expressed in forward-looking statements that may have been made in this document are described or will be described in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Rayonier Advanced Materials assumes no obligation to update these statements except as is required by law. Article content Article content Article content Article content Article content Contacts Article content Media Ryan Houck 904-357-9134 Article content Article content Article content
Business Wire
18-07-2025
- Business
- Business Wire
Rayonier Announces Third Quarter 2025 Dividend
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) announced today that the Company's board of directors has declared a third quarter cash dividend of $0.2725 per common share. The dividend is payable on September 30, 2025, to shareholders of record on September 16, 2025. The Company also announced today that the Company's board of directors, in its capacity as the board of directors of the general partner of Rayonier, L.P., has declared a third quarter cash distribution of $0.2725 per operating partnership unit. The cash distribution is payable on September 30, 2025, to holders of record on September 16, 2025. About Rayonier 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. As of March 31, 2025, Rayonier owned or leased under long-term agreements approximately 2.5 million acres of timberlands located in the U.S. South (1.75 million acres), U.S. Pacific Northwest (308,000 acres) and New Zealand (412,000 acres). On June 30, 2025, the Company completed the previously announced sale of the entirety of its New Zealand assets. More information is available at
Business Wire
16-07-2025
- Business
- Business Wire
Rayonier Scheduled to Release Second Quarter Earnings on August 6
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its second quarter 2025 earnings after the market closes on Wednesday, August 6, 2025. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, August 7 to discuss these results. Supplemental materials and access to the live audio webcast will be available at A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Sunday, September 7, 2025, by dialing 800-510-0118 (domestic) or 203-369-3808 (international), passcode: 1139. About Rayonier 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. As of March 31, 2025, Rayonier owned or leased under long-term agreements approximately 2.5 million acres of timberlands located in the U.S. South (1.75 million acres), U.S. Pacific Northwest (308,000 acres) and New Zealand (412,000 acres). On June 30, 2025, the Company completed the previously announced sale of the entirety of its New Zealand assets. More information is available at
Business Wire
30-06-2025
- Business
- Business Wire
Rayonier Completes Sale of New Zealand Business to The Rohatyn Group
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. ('Rayonier') (NYSE:RYN) today announced the completion of the previously announced sale of entities holding its 77% interest in the New Zealand joint venture to a special purpose vehicle owned by an investment fund managed by The Rohatyn Group ('TRG'), a global asset manager specializing in emerging markets and real assets, for a purchase price of $710 million. Net proceeds to Rayonier, after adjusting for estimated net debt, working capital, transaction costs, and other closing adjustments, are expected to be $699 million. Rayonier continues to anticipate using at least 50% of the proceeds to reduce leverage and/or return capital to shareholders through special dividends and share repurchases. Remaining proceeds are expected to be deployed opportunistically to fund other capital allocation priorities, including additional share buybacks and/or potential reinvestment into synergistic acquisitions. Rayonier continues to expect a special dividend for 2025 of $1.00 to $1.40 per share, which will be paid in a combination of cash and shares (details to be announced later this year). During the second quarter, Rayonier repurchased ~1.5 million shares for ~$35 million in total. As of June 30, 2025, the company had ~$262 million remaining under its current share repurchase authorization. Rayonier had previously reclassified its New Zealand business to discontinued operations on its consolidated financial statements, and the updated financial outlook provided in conjunction with the company's first quarter results on April 30 excluded contributions from the New Zealand business. 'We have now completed roughly $1.45 billion of dispositions since introducing our asset disposition and capital structure realignment plan in November 2023—significantly exceeding the original $1 billion target,' said Mark McHugh, President and Chief Executive Officer of Rayonier. 'The success of this plan has allowed us to achieve our new leverage target in a manner that has been accretive to both CAD* and NAV per share, as well as better position Rayonier to create long-term value for our shareholders going forward.' 'We want to extend our gratitude to the team in New Zealand, which has done an outstanding job in managing these highly productive assets, and we are pleased to transfer the stewardship of this business to TRG, a well-regarded manager of forestry assets in the region,' added McHugh. About Rayonier 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. As of March 31, 2025, Rayonier owned or leased under long-term agreements approximately 2.5 million acres of timberlands located in the U.S. South (1.75 million acres), U.S. Pacific Northwest (308,000 acres) and New Zealand (412,000 acres). On June 30, 2025, the company completed the previously announced sale of the entirety of its New Zealand assets. More information is available at About TRG Founded in 2002, TRG is an investment management firm specializing in emerging markets and real assets. Headquartered in New York, the firm is comprised of ~150 professionals based in 16 countries across North and South America, Europe, the Middle East, Africa, India, Southeast Asia, and Oceania. TRG Forestry & Agriculture (formerly the business of GMO Renewable Resources) is comprised of a seasoned team of land investment professionals and is dedicated to the acquisition and management of diversified portfolios of timberland and/or farmland for the benefit of its clients. Employing a value-oriented approach, TRG seeks to invest in assets at prices reflecting biological yield potential. The team focuses on properties in lower-risk geographies where commercial forestry and agriculture are well-developed and good title, high-quality management, and adequate infrastructure are available. For more information, please visit Forward-Looking Statements – Certain statements in this press release regarding anticipated financial and other benefits of Rayonier's business strategies, including the sale of the entities holding its interest in the New Zealand joint venture, the anticipated use of proceeds, and other similar statements relating to Rayonier's future events, developments or financial or operational performance or results, are 'forward-looking statements' made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as 'may,' 'will,' 'should,' 'expect,' 'estimate,' 'believe,' 'intend,' 'project,' 'anticipate' and other similar language. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking. While management believes that these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events and undue reliance should not be placed on these statements. The following important factors, among others, could cause actual results or events to differ materially from those expressed in forward-looking statements that may have been made in this document: Rayonier's ability to realize the anticipated benefits from the sale, the cyclical and competitive nature of the industries in which Rayonier operates; fluctuations in demand for, or supply of, Rayonier's forest products and real estate offerings, including any downturn in the housing market; entry of new competitors into Rayonier's markets; changes in global economic conditions and world events, including the war in Ukraine and heightened tensions in the Middle East; business disruptions arising from public health crises and outbreaks of communicable diseases; fluctuations in demand for Rayonier's products in Asia, and especially China; the uncertainties of potential impacts of climate-related initiatives; the cost and availability of third party logging, trucking and ocean freight services; the geographic concentration of a significant portion of Rayonier's timberland; Rayonier's ability to identify, finance and complete acquisitions; changes in environmental laws and regulations regarding timber harvesting, delineation of wetlands, and endangered species, that may restrict or adversely impact Rayonier's ability to conduct its business, or increase the cost of doing so; adverse weather conditions, natural disasters and other catastrophic events such as hurricanes, wind storms and wildfires, which can adversely affect Rayonier's timberlands and the production, distribution and availability of its products; interest rate and currency movements; Rayonier's capacity to incur additional debt; changes in tariffs, taxes or treaties relating to the import and export of Rayonier's products or those of its customers and competitors; changes in key management and personnel; Rayonier's ability to meet all necessary legal requirements to continue to qualify as a real estate investment trust ('REIT') and changes in tax laws that could adversely affect beneficial tax treatment; the cyclical nature of the real estate business generally; the lengthy, uncertain and costly process associated with the ownership, entitlement and development of real estate, especially in Florida and Washington, which also may be affected by changes in law, policy and political factors beyond Rayonier's control; unexpected delays in the entry into or closing of real estate transactions; changes in environmental laws and regulations that may restrict or adversely impact Rayonier's ability to sell or develop properties; the timing of construction and availability of public infrastructure; and the availability and cost of financing for real estate development and mortgage loans. For additional factors that could impact future results, please see Item 1A - Risk Factors in Rayonier's most recent Annual Report on Form 10-K and similar discussion included in other reports that we subsequently file with the Securities and Exchange Commission (the 'SEC'). Forward-looking statements are only as of the date they are made, and Rayonier undertakes no duty to update its forward-looking statements except as required by law. You are advised, however, to review any further disclosures Rayonier makes on related subjects in its subsequent reports filed with the SEC. *Non-GAAP Financial Measures – To supplement Rayonier's financial statements presented in accordance with generally accepted accounting principles in the United States ('GAAP'), Rayonier has presented certain forward-looking non-GAAP measures, including 'cash available for distribution.' This non-GAAP financial measure is derived by excluding certain capital spending (excluding timberland acquisitions and real estate development investments) and work capital and other balance sheet changes from cash provided by operating activities. The determination of the amounts that are excluded from this non-GAAP financial measure is a matter of management judgment and depends upon a number of factors in reliance on the exception provided by item 10(e)(1)(i)(B) of Regulation S-K. Rayonier is unable to present a quantitative reconciliation of this forward-looking non-GAAP financial measure to its most directly comparable forward-looking GAAP financial measure because such information is not available, and management cannot reliably predict all of the necessary components of such GAAP measure without unreasonable effort or expense. In addition, Rayonier believes such reconciliation would imply a degree of precision that would be confusing or misleading to investors. This non-GAAP financial measure is a preliminary estimate and is subject to risks and uncertainties. Rayonier's definition of this non-GAAP measure may differ from any similarly titled measure used by others. This non-GAAP measure should be considered supplemental to, and not a substitute for, financial information prepared in accordance with GAAP.
Associated Press
19-06-2025
- Business
- Associated Press
Solar Powers a Sustainable Energy Future on Rayonier Land
Originally published on The world's appetite for energy is growing exponentially, with each year's new electricity demands exceeding Japan's entire annual electricity consumption. In the United States alone, electricity demand is projected to rise by as much as 50 percent by the year 2040 due to growth in manufacturing, data centers and mass electrification. Amidst this surge, the need for affordable, clean energy has never been more critical. Solar energy is playing a growing role in shaping conversations about the future of sustainable energy. Why Solar is a Strategic Fit for Rayonier's Land-Based Solutions Approach With more than 2 million acres of sustainably managed U.S. forests and nearly 100 years of land stewardship, Rayonier is uniquely positioned to strengthen the U.S. energy grid through strategic solar development. Driven by our commitment to land-based solutions, we lease high-potential properties for solar energy development and storage. Our expert team collaborates closely with solar developers to optimize these projects, delivering clean energy and strengthening surrounding communities through the creation of local jobs, increased tax revenue and significant economic investment. 'Renewable energy is a good fit for Rayonier,' says Rayonier Vice President of Energy Resources Rob Fancher. 'Our timberlands provide a lot of environmental benefits, and renewable energy does the same thing. They're both very long-term, focused projects. They're both quiet, good neighbors.' Why Solar is Important to the Growing Demand for Renewable Energy On a macro level, solar energy enhances both the United States' energy independence and its pursuit of energy dominance. This reliable source of domestic power reduces the nation's need to depend on volatile global energy markets, bolstering its strategic position and global influence. Increasing U.S. energy independence also provides more price stability for both consumers and businesses. As companies strive to meet sustainability goals and reduce operating costs, locations with robust renewable energy resources are becoming increasingly desirable for new facilities. This trend is particularly evident in the advanced technology industry, including AI. The manufacturing industry is also a key driver of this shift, drawn to renewable energy's cost-effectiveness and lower emissions. What Research Shows About the Role of Solar Countless studies point to clean, renewable energy as the key to meeting energy demand and reducing the impact of CO₂ in the United States: Solar Futures StudyBloomberg's New Energy Outlook 2024International Energy Agency's Net Zero by 2050 report Rayonier's First Solar Project The first solar project on Rayonier land became operational in 2023. Longroad Energy's 150 megawatt Umbriel solar project in Polk County, Texas, delivers enough clean energy to power roughly 30,000 homes, avoiding an estimated 250,000 metric tons of CO₂ emissions annually (the equivalent to taking 55,000 cars off the road). The project also is expected to generate about $13 million in tax revenue for the community. Project Highlights: 'Solar is the fastest-growing source of energy in the U.S.,' says Longroad Energy Vice President of Origination & Development Adam Horwitz, who led the project for Longroad. 'It's an abundant source of energy…and it's economical.' Advancements Driving Solar Forward Thanks to advances in technology in both building and generating solar power, the levelized cost of solar electricity dropped by more than 80 percent since 2008, according to this Berkeley Lab study and Lazard's 2024 Levelized Cost of Energy study. Even without national and global emissions reductions targets and federal tax incentives, market forces alone are projected to propel solar and other clean energy technologies forward. Solar is also established more quickly compared to alternatives, such as gas-powered turbines, which have a 7-8 year waiting list. How the Umbriel Project Came Together Longroad purchased about 1,900 acres of land needed for the Polk County project and leased the remaining 583 acres from Rayonier. The energy developer developed the site, found a long-term energy buyer for the solar project, secured financing, oversaw construction and brought the project into operation. Advantages of working with Rayonier on a Solar Project Working with Rayonier offers advantages to solar developers, including: Our team of experts works with the solar developer to identify ideal locations that meet their needs, buildable land at scale with access to strong power markets and transmission. The team also supports the development process by assisting with site design, layout and identification of sensitive environmental areas. Working with a single, large landowner streamlined the process for the developer, explains Longroad Landman Cody Walker: 'When you deal with multiple landowners in one area, you have different personalities, you have to manage different needs and different histories with properties to manage,' he says. 'When it's one landowner, one use, you can easily work together to make the project work for both parties.' Taking neighbors' concerns into account Cody worked closely with neighbors to ensure their concerns and expectations were taken into account during the project, as well. Kim Mueck, whose family owns nearby property, says they were at first skeptical about the project. Kim says she expected noise and traffic, but was pleased that wasn't the case after the solar project was built. 'We got Cody's number and, any time we needed anything, the weekends, the holidays, if there was a problem, they were there,' she says. 'It turned out to be a great relationship. The road to get to our own property is way better. They did leave a tree buffer there between our property and the solar farm, so you don't really see it.' 'Once the construction's done and it's here, it's just here,' she says. 'You don't see a lot of people. It's not noisy. There's not a lot of traffic. Like I said, you pass through it to get to our property, but once you're back there, you really don't know it's there.' Optimizing Land for its Greatest Sustainable Purpose The Rayonier team is trained to look carefully at all of our properties, striving to find the best possible purpose for every acre. The majority of Rayonier's land base is best suited for forestry activities, but our business development team is trained to recognize special sites and unique characteristics that are ideal for solar, wind and other critical land-based solutions. Only Select Land is Right for Solar 'As we evaluate the properties that are best for solar, we find that to be a very small percentage of our portfolio overall,' explains Rayonier Business Development Landman Jose Villarreal. Rayonier estimates that only a low, single-digit percentage of its forest land may ultimately become active solar projects. Rayonier's properties that are especially attractive to solar companies have proximity to a population in need of the energy and convenient access to power transmission infrastructure. While the recent ramp up in solar projects across the nation may seem expansive, the U.S. Department of Energy's Solar Futures Study states that the most aggressive growth in solar energy development would use, at most, 10.3 million acres of land across the entire U.S. by 2050. That equates to less than 5 percent of land in all U.S. states (except for Rhode Island, which comes in at 6.5 percent). Working with Sustainability-Centric Companies to Deliver Clean Energy Rayonier uses a careful vetting process in determining which companies to work with to deliver clean energy. We choose to work with companies that, like us, put sustainability first; go well beyond the minimum standards to protect the environment; and treat our neighbors and communities with respect. Choosing the Right Partners for the Long Term 'We want to work with solar development companies that share in our core values and our long-term commitments to environmental stewardship,' says Rayonier Energy Resources Manager Zan Frederick. He says his team was pleased with the steps Longroad Energy took to protect the environment around the project site. Designing Solar Projects with a Commitment to Environmental Stewardship While the project site encompassed about 2,500 acres, only 1,300 were developed for solar, allowing Longroad to work around sensitive features, such as streams and wetlands. 'The project from the very beginning was sited and designed to avoid and protect wetlands,' says Longroad Environmental Manager Lindsey Kester. 'We had wetland ecologists survey the project area to identify those boundaries in coordination with the Army Corps of Engineers, and then our engineers sited and designed the project to avoid those boundaries. It's a thoughtful process and it doesn't just end with a plan. We have a whole team that ensures that that plan is in compliance through construction and operation through the life of the project.' Construction of the solar project included the development of reservoirs, silt fences and other modalities to prevent impacts on wetlands and the surrounding area. The Longroad team also planted seed lots designed to ensure there will be vegetation such as flowering grasses on the ground year-round, stabilizing the soil. 'That vegetation includes native pollinator plant species that help enhance that environment and provide new habitat where wildlife can thrive,' Lindsey says. You can learn more about Longroad's approach to environmental stewardship by visiting their website here. High Standards for the Life of the Project Our solar leases typically span 30 years or more. When the projects come to a close, the developer will remove all materials, enabling us to resume use of the property for whatever its next highest and best use is, such as forestry. By leasing land for solar projects on select sites, Rayonier ensures the land will be held to the same standards we hold all of our properties to: sustainable land management that will benefit our communities and planet for many years to come. Visit 3BL Media to see more multimedia and stories from Rayonier
