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:
以下是雷奥尼尔公司（RYN）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
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.
雷奥尼尔2023年第四季度的业绩显示，GAAP每股收益为1.17美元，调整后的息税折旧摊销前利润为2.97亿美元，比上年下降6％。
房地产板块在第四季度表现出引人注目的业绩，销售额从约75500英亩的土地上收到了3.1亿美元。
第四季度销售额为4.67亿美元，营业收入为1.45亿美元，归属于雷奥尼尔的净收入为1.27亿美元，合每股0.85美元。
该业务在本季度末拥有2.08亿美元的现金和14亿美元的债务，截至2023年调整后的息税折旧摊销前利润率的净负债约为3.9倍。
对2024年的预期包括调整后的息税折旧摊销前利润在2.9亿美元至3.25亿美元之间，以及归属于雷奥尼尔的净收入下降6000万至8000万美元之间。
Business Progress:
业务进展：
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 年取得了显著成就，包括促进陆基解决方案以及成功缩小林地规模以降低杠杆率。
未来的重点在于稳定木材市场状况，利用不断增长的陆基解决方案渠道，以及挖掘对农村和改善型开发房地产的强劲需求。
俄勒冈州55000英亩林地的处置工作以2.42亿美元完成，其中1.5亿美元用于偿还浮动利率债务。
Wildlight项目下一阶段获得批准，批准在近15000英亩的土地上开发15000套住宅单元和140万平方英尺的非住宅用途。
其土地需求不断增加，用于太阳能、生物能源、碳封存和碳捕集存储机会等用途。
计划在不久的将来重点扩展到非传统领域，尤其是陆基解决方案市场。
More details: Rayonier Inc IR
更多详情： Rayonier Inc IR
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译文内容由第三方软件翻译。