revenue $396.5M, net income $19.1M. Rayonier completes PotlatchDeltic merger, adding 2.1M acres and Wood Products segment

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

• high

  Merger closed Jan 30, 2026: issued 140.9M shares ($3.2B equity value), added 2.1M acres of timberlands (doubling holdings to 4.1M acres), and created new Wood Products segment with seven mills producing $304.6M YTD sales.

  Notes: PotlatchDeltic merger verify on EDGAR →
• high

  Integration costs totaled $80.8M YTD (professional fees, employee severance, accelerated stock comp), driving a $11.0M operating loss despite revenue growth; $40.3M tax benefit from valuation allowance release offset the charges.

  MD&A: Merger-related costs verify on EDGAR →
• high

  Total debt rose $809.5M to $1.86B from assumed PotlatchDeltic obligations; company repaid $227.5M and maintains 26% debt-to-capital ratio (improved from 31% prior year) due to large equity issuance.

  Notes: Long-term debt verify on EDGAR →