Filing Flows › Rayonier (RYN) › Q1 2025
Rayonier (RYN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Rayonier (RYN) reported revenue of $82.9M for the first quarter 2025 (Q1 2025), -27% from a year earlier and -89% from the quarter before. Operating margin was 0.1%, net loss $3.1M (3.7% of revenue).
Rayonier, Q1 2025: revenue $82.9M (-27% year over year), operating margin 0.1%, net loss $3.1M, operating cash flow $27.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $82.9M | -89% | -27% |
| Operating profit | $59K | -100% | — |
| Net earnings | −$3.1M | -101% | — |
| Operating cash flow | $27.7M | -68% | -47% |
| Free cash flow | $23.6M | -66% | -29% |
What changed
Revenue was $82.9M in Q1 2025, down 27% year over year and down 89% from the previous quarter. Pulpwood was the largest line at 25% of revenue. Total Stumpage lost $16.0M year over year (down 45%), 52% of the total change.
Operating profit was $59K, a 0.1% margin (down 7.5 points year over year). Total costs fell 21% while revenue fell 27%. The quarter ended with a net loss of $3.1M, after a profit of $333.2M the previous quarter. Net interest and other expense of $2.9M was the main reason.
Operating cash flow was $27.7M (down 47% year over year). Non-cash charges added back $2.3M of share-based compensation. Working capital and other items added $28.5M. Capital expenditures of $4.1M left free cash flow of $23.6M.
Questions
What was Rayonier's revenue in the first quarter 2025?
Rayonier (RYN) reported revenue of $82.9M for the first quarter 2025 (Q1 2025), -27% from a year earlier and -89% from the quarter before.
Was Rayonier profitable in the first quarter 2025?
Operating profit was $59K (0.1% of revenue) and net loss $3.1M.
Source: Rayonier 10-Q on SEC EDGAR.