Filing Flows › Rayonier (RYN) › Q4 2024
Rayonier (RYN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 21, 2025
Rayonier (RYN) reported revenue of $726M for the fourth quarter 2024 (Q4 2024), +55% from a year earlier and +272% from the quarter before. Operating margin was 47.7%, net earnings $327M (45.0% of revenue).
Rayonier, Q4 2024: revenue $726M (+55% year over year), operating margin 47.7%, net earnings $327M, operating cash flow $87.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $726M | +272% | +55% |
| Operating profit | $346M | 13× | +138% |
| Net earnings | $327M | 11× | +158% |
| Operating cash flow | $87.8M | +33% | -2% |
| Free cash flow | $69.0M | +64% | +13% |
What changed
Revenue was $726.3M in Q4 2024, up 55% year over year and up 272% from the previous quarter.
Operating profit was $346.2M, a 47.7% margin (up 16.6 points year over year). Of the extra revenue versus a year earlier, 78% reached operating profit, above the 31% margin then. Total costs grew 18% against revenue growth of 55%. Net earnings were $327.1M, up 158% year over year. The effective tax rate was 2.2%.
Operating cash flow was $87.8M (down 2% year over year), 26% of net earnings. Non-cash charges added back $7.2M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $254.8M. Capital expenditures of $18.8M left free cash flow of $69.0M.
Questions
What was Rayonier's revenue in the fourth quarter 2024?
Rayonier (RYN) reported revenue of $726M for the fourth quarter 2024 (Q4 2024), +55% from a year earlier and +272% from the quarter before.
Was Rayonier profitable in the fourth quarter 2024?
Operating profit was $346M (47.7% of revenue) and net earnings $327M.
Source: Rayonier 10-K on SEC EDGAR.