Rayonier’s 4Q revenues increased to $178.8 million

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.

4Q 2019 operating income was $26.1 million versus $15 million in the prior year period. 4Q  2019 Adjusted EBITDA was $65 million versus $49.9 million in the prior year period.

Full-year 2019 net income was $59.1 million, or $0.46 per share, on revenues of $711.6 million. This compares to net income of $102.2 million, or $0.79 per share, on revenues of $816.1 million in the prior year.

Full-year operating income was $107 million versus $170.1 million in the prior year. Full-year Adjusted EBITDA was $247.8 million versus $337.7 million in the prior year.

Full-year cash provided by operating activities was $214.3 million versus $310.1 million in the prior year.

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