Rayonier : Q1 2026 Rayonier Inc Earnings Conference Call (RYN Q1 2026 Earnings Release)

About this update from Rayonier Inc. Reit

Exhibit 99.1 News Release RAYONIER REPORTS FIRST QUARTER 2026 RESULTS First quarter net loss attributable to Rayonier of ($12.4) million (or ($0.05) per diluted share), pro forma net income of $17.4 million (or $0.07 per share), and Adjusted EBITDA of $94.1 million. Successfully completed transformative merger of equals with PotlatchDeltic on January 30, 2026. Repurchased $31.1 million of shares at an average price of $20.98 per share. As of March 31, 2026, Rayonier had $2.06 billion of debt outstanding and $681.7 million of cash. WILDLIGHT, FL - May 6, 2026 - Rayonier Inc. (NYSE:RYN) today reported first quarter net loss attributable to Rayonier of ($12.4) million, or ($0.05) per diluted share, on revenues of $276.8 million. This compares to net loss attributable to Rayonier of ($3.4) million, or ($0.02) per diluted share, on revenues of $82.9 million in the prior year quarter. The first quarter results included $69.5 million of costs (net of tax) related to the merger with PotlatchDeltic1 and a $0.9 million inventory purchase price adjustment (net of tax) in cost of sales,2 which was partially offset by a $40.3 million income tax benefit from the release of a valuation allowance.3 Excluding these items and adjusting for pro forma net income adjustments attributable to noncontrolling interests,4 first quarter pro forma net income5 was $17.4 million, or $0.07 per share. This compares to pro forma net loss5 of ($2.7) million, or ($0.02) per share, in the prior year period. The following table summarizes the current quarter and comparable prior year period results. Consolidated results for the first quarter of 2026 include the operations of PotlatchDeltic for the period from January 31, 2026 through March 31, 2026. Three Months Ended (millions of dollars, except earnings per share (EPS)) March 31, 2026 March 31, 2025 $ EPS $ EPS Revenues $276.8 $82.9 Net loss attributable to Rayonier ($12.4) ($0.05) ($3.4) ($0.02) Pro forma items net of tax: Costs related to the merger with PotlatchDeltic1 69.5 0.27 - - Inventory purchase price adjustment in cost of sales2 0.9 - - - Tax benefit from valuation allowance release3 (40.3) (0.16) - - Income from operations of discontinued operations6 - - (2.5) (0.02) Restructuring charges7 - - 1.1 0.01 Net cost on legal settlements8 - - 1.7 0.01 Pro forma net income (loss) adjustments attributable to noncontrolling interests4 (0...

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