Rayonier Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was USD 19.2 million compared to USD 20.6 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to USD 0.14 a year ago.
For the nine months, net income was USD 46.6 million compared to USD 74 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.5 a year ago.