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RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
SALES (NOTE 4) $ 177,531 $ 124,103 $ 366,990 $ 337,446
Costs and Expenses        
Cost of sales (119,126) (86,332) (258,984) (246,755)
Selling and general expenses (17,008) (18,276) (50,621) (57,865)
Other operating income (expense), net (Note 15) 313 (663) (1,071) (815)
Costs and expenses (135,821) (105,271) (310,676) (305,435)
OPERATING INCOME 41,710 18,832 56,314 32,011
Interest expense, net (6,768) (9,209) (19,704) (27,186)
Interest income 9,806 1,098 15,009 4,752
Other miscellaneous (expense) income, net (1,039) 11,529 (3,443) 3,276
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 43,709 22,250 48,176 12,853
Income tax (expense) benefit (Note 16) 0 (10) (291) 981
INCOME FROM CONTINUING OPERATIONS 43,709 22,240 47,885 13,834
Income from operations of discontinued operations, net of tax 0 8,202 1,883 21,949
Gain on sale of discontinued operations 0 0 404,463 0
INCOME FROM DISCONTINUED OPERATIONS 0 8,202 406,346 21,949
NET INCOME 43,709 30,442 454,231 35,783
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates 0 (1,293) 192 (3,328)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 43,187 28,758 448,471 32,018
OTHER COMPREHENSIVE INCOME (LOSS)        
Pension and postretirement benefit plans, net of income tax expense of $0 and $1,222 (2) 139    
Foreign currency translation adjustment, net of income tax effect of $0 and $0   13,338    
Total other comprehensive (loss) income (3,750) (2,350) 40,143 (561)
COMPREHENSIVE INCOME 39,959 28,092 494,374 35,222
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates 0 (3,195) (2,605) (4,168)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $ 39,482 $ 24,563 $ 485,319 $ 30,637
BASIC EARNINGS PER UNIT ATTRIBUTABLE TO RAYONIER L.P.        
Continuing operations (in dollars per share) $ 0.28 $ 0.15 $ 0.31 $ 0.09
Discontinued operations (in dollars per share) 0 0.05 2.60 0.12
Net Income (in dollars per share) 0.28 0.19 2.90 0.22
DILUTED EARNINGS PER UNIT ATTRIBUTABLE TO RAYONIER L.P.        
Continuing operations (in dollars per share) 0.28 0.15 0.30 0.09
Discontinued operations (in dollars per share) 0 0.05 2.58 0.12
Net Income (in dollars per share) $ 0.28 $ 0.19 $ 2.88 $ 0.21
Continuing Operations        
OTHER COMPREHENSIVE INCOME (LOSS)        
Cash flow hedges $ (3,748) $ (21,771) $ (18,475) $ (16,106)
Pension and postretirement benefit plans, net of income tax expense of $0 and $1,222 (2) 139 (5) 9,701
Discontinued Operations        
OTHER COMPREHENSIVE INCOME (LOSS)        
Cash flow hedges 0 5,944 9,080 3,442
Foreign currency translation adjustment, net of income tax effect of $0 and $0 0 13,338 20,475 2,402
Deconsolidation of discontinued operations, net of income tax effect of $0, $0, $0 and $0 0 0 29,068 0
Rayonier Limited Partnership        
SALES (NOTE 4) 177,531 124,103 366,990 337,446
Costs and Expenses        
Cost of sales (119,126) (86,332) (258,984) (246,755)
Selling and general expenses (17,008) (18,276) (50,621) (57,865)
Other operating income (expense), net (Note 15) 313 (663) (1,071) (815)
Costs and expenses (135,821) (105,271) (310,676) (305,435)
OPERATING INCOME 41,710 18,832 56,314 32,011
Interest expense, net (6,768) (9,209) (19,704) (27,186)
Interest income 9,806 1,098 15,009 4,752
Other miscellaneous (expense) income, net (1,039) 11,529 (3,443) 3,276
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 43,709 22,250 48,176 12,853
Income tax (expense) benefit (Note 16) 0 (10) (291) 981
INCOME FROM CONTINUING OPERATIONS 43,709 22,240 47,885 13,834
Income from operations of discontinued operations, net of tax 0 8,202 1,883 21,949
Gain on sale of discontinued operations 0 0 404,463 0
INCOME FROM DISCONTINUED OPERATIONS 0 8,202 406,346 21,949
NET INCOME 43,709 30,442 454,231 35,783
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates 0 (1,293) 192 (3,328)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 43,709 29,149 454,423 32,455
OTHER COMPREHENSIVE INCOME (LOSS)        
Pension and postretirement benefit plans, net of income tax expense of $0 and $1,222 (2) 139    
Foreign currency translation adjustment, net of income tax effect of $0 and $0   13,338    
Total other comprehensive (loss) income (3,750) (2,350) 40,143 (561)
COMPREHENSIVE INCOME 39,959 28,092 494,374 35,222
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates 0 (3,195) (2,605) (4,168)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $ 39,959 $ 24,897 $ 491,769 $ 31,054
BASIC EARNINGS PER UNIT ATTRIBUTABLE TO RAYONIER L.P.        
Continuing operations (in dollars per share) $ 0.28 $ 0.15 $ 0.31 $ 0.09
Discontinued operations (in dollars per share) 0 0.05 2.60 0.12
Net Income (in dollars per share) 0.28 0.19 2.90 0.22
DILUTED EARNINGS PER UNIT ATTRIBUTABLE TO RAYONIER L.P.        
Continuing operations (in dollars per share) 0.28 0.15 0.30 0.09
Discontinued operations (in dollars per share) 0 0.05 2.58 0.12
Net Income (in dollars per share) $ 0.28 $ 0.19 $ 2.88 $ 0.21
Rayonier Limited Partnership | Continuing Operations        
OTHER COMPREHENSIVE INCOME (LOSS)        
Cash flow hedges $ (3,748) $ (21,771) $ (18,475) $ (16,106)
Pension and postretirement benefit plans, net of income tax expense of $0 and $1,222 (2) 139 (5) 9,701
Rayonier Limited Partnership | Discontinued Operations        
OTHER COMPREHENSIVE INCOME (LOSS)        
Cash flow hedges 0 5,944 9,080 3,442
Foreign currency translation adjustment, net of income tax effect of $0 and $0 0 13,338 20,475 2,402
Deconsolidation of discontinued operations, net of income tax effect of $0, $0, $0 and $0 0 0 29,068 0
Rayonier Limited Partnership | Limited Partners        
Costs and Expenses        
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 43,272 28,858 449,879 32,131
Rayonier Limited Partnership | General Partners        
Costs and Expenses        
NET INCOME ATTRIBUTABLE TO RAYONIER INC. $ 437 $ 291 $ 4,544 $ 324