Rayonier Reports Third Quarter 2023 Results
“We generated strong third quarter results, particularly in light of the macroeconomic challenges that continue to adversely impact our timber businesses,” said David Nunes, CEO.
- “We generated strong third quarter results, particularly in light of the macroeconomic challenges that continue to adversely impact our timber businesses,” said David Nunes, CEO.
- Third quarter Adjusted EBITDA2 of $37.8 million was 3%, or $1.2 million, above the prior year period.
- Third quarter sales of $29.3 million decreased $5.1 million, or 15%, versus the prior year period.
- Third quarter sales of $6.8 million decreased $4.8 million versus the prior year period due to lower volumes and prices.