---
title: "Rayonier | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 177.53 M"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/264930016.md"
datetime: "2025-11-07T21:27:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264930016.md)
  - [en](https://longbridge.com/en/news/264930016.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264930016.md)
---

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# Rayonier | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 177.53 M

Revenue: As of FY2025 Q3, the actual value is USD 177.53 M, beating the estimate of USD 162.27 M.

EPS: As of FY2025 Q3, the actual value is USD 0.28.

EBIT: As of FY2025 Q3, the actual value is USD 38.67 M.

### Southern Timber Segment

-   **Sales**: $171,102 thousand for the nine months ended September 30, 2025, compared to $192,545 thousand for the same period in 2024.
-   **Operating Income**: $45,287 thousand for the nine months ended September 30, 2025, compared to $59,921 thousand for the same period in 2024.
-   **Adjusted EBITDA**: $98,113 thousand for the nine months ended September 30, 2025, compared to $116,593 thousand for the same period in 2024.

### Pacific Northwest Timber Segment

-   **Sales**: $65,533 thousand for the nine months ended September 30, 2025, compared to $83,806 thousand for the same period in 2024.
-   **Operating Income**: $3,538 thousand for the nine months ended September 30, 2025, compared to a loss of - $4,990 thousand for the same period in 2024.
-   **Adjusted EBITDA**: $19,133 thousand for the nine months ended September 30, 2025, compared to $19,316 thousand for the same period in 2024.

### Real Estate Segment

-   **Sales**: $130,355 thousand for the nine months ended September 30, 2025, compared to $61,095 thousand for the same period in 2024.
-   **Operating Income**: $35,236 thousand for the nine months ended September 30, 2025, compared to $9,020 thousand for the same period in 2024.
-   **Adjusted EBITDA**: $94,380 thousand for the nine months ended September 30, 2025, compared to $29,017 thousand for the same period in 2024.

### Cash Flow

-   **Operating Cash Flow**: $204,872 thousand for the nine months ended September 30, 2025, compared to $173,778 thousand for the same period in 2024.
-   **Free Cash Flow**: Not explicitly stated, but significant cash inflow from the sale of discontinued operations ($688,300 thousand) was noted.

### Unique Metrics

-   **Asset Impairment Charge**: $7,048 thousand related to certain real estate assets in Washington.

### Future Outlook and Strategy

-   **Core Business Focus**: The company is focusing on optimizing its timberland portfolio and enhancing its real estate development activities, as evidenced by the significant sales and operating income in the Real Estate segment.
-   **Non-Core Business**: The company completed the sale of its New Zealand operations, which were classified as discontinued operations, indicating a strategic shift away from international operations.

### Outlook

-   The company announced a merger with PotlatchDeltic Corporation, expected to close in late Q1 or early Q2 of 2026, subject to customary closing conditions and approvals.

### 相關股票

- [Rayonier (RYN.US)](https://longbridge.com/zh-HK/quote/RYN.US.md)

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