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RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
SALES (NOTE 4) $ 484,485 $ 987,929 $ 788,373
Costs and Expenses      
Cost of sales (327,205) (547,582) (528,916)
Selling and general expenses (66,689) (74,439) (74,803)
Other operating (expense) income, net (Note 18) (7,255) (1,801) 42
Costs and Expenses (401,149) (623,822) (603,677)
OPERATING INCOME 83,336 364,107 184,696
Interest expense, net (26,351) (33,756) (45,144)
Interest income 24,294 8,212 1,777
Other miscellaneous (expense) income, net (6,685) 1,275 18,278
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 74,594 339,838 159,607
Income tax (expense) benefit (Note 21) (527) 1,022 (293)
INCOME FROM CONTINUING OPERATIONS 74,067 340,860 159,314
Income from operations of discontinued operations, net of tax 1,883 28,123 19,181
Gain on sale of discontinued operations 404,463 0 0
Income from discontinued operations 406,346 28,123 19,181
NET INCOME 480,413 368,983 178,495
Less: Net income attributable to noncontrolling interests in the Operating Partnership (6,225) (4,834) (2,905)
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates 192 (5,002) (2,097)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 474,380 359,147 173,493
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS      
Pension and postretirement benefit plans, net of income tax effect of $0, $1,222 and $0 1 9,846 593
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0 20,475 (33,100) (1,516)
Total other comprehensive income (loss) 37,020 (39,610) (10,880)
COMPREHENSIVE INCOME 517,433 329,373 167,615
Less: Comprehensive income attributable to noncontrolling interests in the Operating Partnership (6,691) (4,356) (2,639)
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates (2,605) (1,276) (3,449)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $ 508,137 $ 323,741 $ 161,527
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.      
Continuing operations (in dollars per share) $ 0.47 $ 2.26 $ 1.06
Discontinued operations (in dollars per share) 2.59 0.16 0.11
Net Income (in dollars per share) 3.07 2.41 1.17
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.      
Continuing operations (in dollars per share) 0.47 2.24 1.05
Discontinued operations (in dollars per share) 2.56 0.16 0.11
Net Income (in dollars per share) $ 3.03 $ 2.39 $ 1.17
Continuing Operations      
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS      
Cash flow hedges, net of income tax effect $ (21,604) $ (6,610) $ (16,047)
Pension and postretirement benefit plans, net of income tax effect of $0, $1,222 and $0 1 9,846 593
Discontinued Operations      
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS      
Cash flow hedges, net of income tax effect 9,080 (9,746) 6,090
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0 20,475 (33,100) (1,516)
Deconsolidation of discontinued operations, net of income tax effect of $0, $0 and $0 $ 29,068 $ 0 $ 0