New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 21, 2014
08:43 EDTRYN, RYAMRayonier declares special cash dividend of 50c per share
Rayonier's (RYN) board of directors has declared a third quarter cash dividend of 30c per common share. The dividend is payable on September 30 to shareholders of record on September 16. In addition to the regular third quarter cash dividend, the company’s board has declared a special cash dividend of 50c per common share payable on August 15 to shareholders of record on July 31. The special dividend will be paid from proceeds received from Rayonier Advanced Materials (RYAM) in connection with its spin-off from Rayonier on June 27.
News For RYN;RYAM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 11, 2016
10:32 EDTRYNRayonier to be 'aggressive' with capital allocation plans
Subscribe for More Information
10:22 EDTRYNRayonier sees FY16 interest expense about $28M
Subscribe for More Information
09:37 EDTRYNRayonier sees FY16 revenue $500M-$520M, consensus $544.33M
Sees FY16 pro forma operating income $58M-$83M. Sees FY16 adjusted EBITDA $185M-$210M. Sees FY16 CapEx $60M-$65M. Sees FY16 DD&A roughly $107M. Sees FY16 non-cash cost of land and real estate sold roughly $20M. Guidance taken from slides to be presented on Q4 earnings conference call. In early trading, Rayonier shares gained 3.46% to $19.73.
February 10, 2016
16:28 EDTRYNRayonier provides 2016 outlook
The company said, "In 2016, we expect a modest increase in Southern harvest volume, reflecting recent acquisitions, at prices generally comparable to 2015. We continue to believe that U.S. housing starts will improve gradually, but that in 2016 we will not reach conditions favorable to significantly improve sawlog pricing. In the Pacific Northwest, we expect volumes comparable to 2015 and are cautiously optimistic that prices will improve from current levels, which will largely depend upon export market conditions. In our New Zealand joint venture, we anticipate a reduction in harvest volume of approximately 10% due to timber age-class variations, with average prices broadly in line with 2015. Also, we are on track with our previously announced plans to recapitalize our New Zealand joint venture and thereby reduce consolidated interest expense while increasing our ownership interest from 65% to an estimated 77%. In our Real Estate segment, we expect continued steady demand for rural properties. We also anticipate strengthening interest in selected development properties, particularly as we begin to sell parcels within our East Nassau mixed use development project, which we anticipate in the second half of 2016. We are also planning on a higher level of investment in 2016 as we ramp up our development efforts in this area."
16:27 EDTRYNRayonier announces new $100M share repurchase plan
The repurchase program has no time limit and may be suspended for periods or discontinued at any time.
16:26 EDTRYNRayonier reports Q4 pro forma EPS 9c, consensus 6c
16:26 EDTRYNRayonier reports Q4 EPS 8c, consensus 6c
Reports Q4 revenue $137.1M, consensus $128.59M.
February 1, 2016
16:40 EDTRYAMRayonier Advanced Materials announces three-year transformation initiative
In 2016, the company is embarking on a three-year transformation initiative to significantly improve its cost structure and enhance cash flows. This initiative is being led by a cross-functional team reporting directly to the CEO. The team's focus is to increase the overall efficiency of the business to meet the near-term market challenges. The transformation initiative targets three-year cost savings of $75M-$90M. The 2016 guidance reflects the expected impact of the first year of the transformation initiative.
16:39 EDTRYAMRayonier Advanced Materials sees FY16 pro forma EBITDA $175M-$190M
Subscribe for More Information
16:38 EDTRYAMRayonier Advanced Materials reports Q4 EPS 32c, consensus 24c
Reports Q4 revenue $242M, consensus $247.48M.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use