Rayonier Inc. Q4 Earnings Drop 18% to $128M, Misses Guideline

Rayonier Inc. (RJZ) reported Q4 net income of $128 million, a 18% decline from the prior-year period, and missed revenue guidance. The drop followed lower pulp prices and higher production costs, pressuring margins. For the quarter, the company recorded a net loss of $35 million, compared to a net loss of $24 million in the same period last year. Management attributed the results to continued weakness in global paper and pulp demand, with no significant new product launches or strategic acquisitions announced this quarter.