Rayonier sees 2018 net income $78M-$87M, adjusted EBITDA $280M-$305M
The company said, "In 2018, we expect to achieve net income attributable to Rayonier of $78 to $87 million and Adjusted EBITDA of $280 to $305 million. In our Southern Timber segment, we expect an increase in harvest volumes with a full-year contribution from our 2017 acquisitions in Florida, Georgia and South Carolina. We further anticipate modestly improved pricing in certain Southern markets; however, we expect overall pricing in the Southern Timber segment to be relatively flat to 2017 average pricing due to geographic mix. In our Pacific Northwest Timber segment, we expect a modest increase in harvest volumes as well as higher sawtimber prices relative to 2017 average pricing due to stronger domestic and export markets. In our New Zealand Timber segment, we expect a modest increase in harvest volumes and continued strong pricing dynamics driven by solid demand in both domestic and export markets. In our Real Estate segment, we continue to focus on unlocking the long-term value of our HBU development and rural property portfolio. Following a year of meaningful infrastructure investments in our Wildlight development project, we expect additional residential and commercial closings in 2018."