Earnings Call Summary | Rayonier Inc(RYN.US) Q4 2023 Earnings Conference
Earnings Call Summary | Rayonier Inc(RYN.US) Q4 2023 Earnings Conference
The following is a summary of the Rayonier Inc. (RYN) Q4 2023 Earnings Call Transcript:
以下是雷奧尼爾公司（RYN）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Rayonier's Q4 2023 performance showed GAAP earnings per share at $1.17 and adjusted EBITDA at $297 million, a 6% decline from the previous year.
The Real Estate segment showed compelling Q4 results, closing sales at $310 million from about 75500 acres sold.
Fourth quarter sales came in at $467 million, with an operating income of $145 million and net income attributable to Rayonier at $127 million, or $0.85 per share.
The business ended the quarter with $208 million in cash and $1.4 billion of debt, posting a net debt to 2023 adjusted EBITDA ratio of around 3.9 times.
Expectations for 2024 include adjusted EBITDA between $290 million and $325 million, and net income attributable to Rayonier falling between $60 million and $80 million.
雷奧尼爾2023年第四季度的業績顯示，GAAP每股收益爲1.17美元，調整後的息稅折舊攤銷前利潤爲2.97億美元，比上年下降6％。
房地產板塊在第四季度表現出引人注目的業績，銷售額從約75500英畝的土地上收到了3.1億美元。
第四季度銷售額爲4.67億美元，營業收入爲1.45億美元，歸屬於雷奧尼爾的淨收入爲1.27億美元，合每股0.85美元。
該業務在本季度末擁有2.08億美元的現金和14億美元的債務，截至2023年調整後的息稅折舊攤銷前利潤率的淨負債約爲3.9倍。
對2024年的預期包括調整後的息稅折舊攤銷前利潤在2.9億美元至3.25億美元之間，以及歸屬於雷奧尼爾的淨收入下降6000萬至8000萬美元之間。
Business Progress:
業務進展：
2023 saw notable achievements, including a boost in land-based solutions and successful downsizing of timberland to decrease leverage.
Focus for the future lies in stabilizing timber market conditions, capitalizing on a growing pipeline of land-based solutions, and tapping into strong demand for both rural and improved development real estate properties.
Completion of the disposition of 55000 acres of Timberland in Oregon was done for $242 million, with $150 million used towards paying down the floating rate debt.
Received approval for the next phase of the Wildlight project, greenlighting the development of 15000 residential units and 1.4 million square feet of nonresidential uses on nearly 15000 acres.
Seeing increasing demand for its land for uses including solar wind, bioenergy, carbon sequestration, and carbon capture storage opportunities.
Focus on expanding into non-traditional areas, particularly the land-based solutions market, is planned for the immediate future.
2023 年取得了顯著成就，包括促進陸基解決方案以及成功縮小林地規模以降低槓桿率。
未來的重點在於穩定木材市場狀況，利用不斷增長的陸基解決方案渠道，以及挖掘對農村和改善型開發房地產的強勁需求。
俄勒岡州55000英畝林地的處置工作以2.42億美元完成，其中1.5億美元用於償還浮動利率債務。
Wildlight項目下一階段獲得批准，批准在近15000英畝的土地上開發15000套住宅單元和140萬平方英尺的非住宅用途。
其土地需求不斷增加，用於太陽能、生物能源、碳封存和碳捕集存儲機會等用途。
計劃在不久的將來重點擴展到非傳統領域，尤其是陸基解決方案市場。
More details: Rayonier Inc IR
更多詳情： Rayonier Inc IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。