Rayonier Inc. (NYSE:RYN) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET

Company Participants

Collin Mings - VP-Capital Markets and Strategic Planning

Dave Nunes - CEO

Mark McHugh - President and CFO

Doug Long - EVP and Chief Resource Officer

Conference Call Participants

Mark Weintraub - Seaport Research Partners

Anthony Pettinari - Citibank

Paul Quinn - RBC Capital Markets

Ketan Mamtora - BMO Capital Markets

Buck Horne - Raymond James

Operator

Welcome, and thank you for joining Rayonier's Third Quarter 2023 Teleconference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time.

Now I will turn the meeting over to Mr. Collin Mings, Vice President, Capital Markets and Strategic Planning.

Collin Mings

Thank you, and good morning. Welcome to Rayonier's investor teleconference covering third quarter earnings. Our earnings statements and financial supplement were released yesterday afternoon and are available on our website at rayonier.com. I would like to remind you that in these presentations, we include forward-looking statements made pursuant to the safe harbor provisions of federal securities laws. Our earnings release and Forms 10-K and 10-Q filed with the SEC with some of the factors that may cause actual results to differ materially from the forward-looking statements we may make.

They are also referenced on Page 2 of our financial supplement. Throughout these presentations, we will also discuss non-GAAP financial measures, which are defined and reconciled to the nearest GAAP measures in our earnings release and supplemental materials.

With that, let's start our teleconference with opening comments from Dave Nunes, our CEO. Dave?

Dave Nunes

Thanks, Collin, and good morning, everyone.

Before reviewing our results for the third quarter, I'd like to first discuss two announcements made concurrent with our earnings release yesterday afternoon. the executive succession plan as well as a review of our initiatives to enhance shareholder value. Then I'll provide some high-level comments on the quarter before turning it over to Mark McHugh, President and Chief Financial Officer, to review our consolidated financial results. We'll then ask Doug Long, Executive Vice President and Chief Resource Officer, to comment on our U.S.

and New Zealand timber results. And following the review of our timber segments, Mark will discuss our Real Estate results as well as our outlook for the balance of the year. As announced yesterday afternoon, I'll be retiring as Chief Executive Officer of Rayonier and a member of our Board effective March 31, 2024. It's been an honor and privilege to lead Rayonier over the last nine years. We have remarkable people fabulous assets and have cultivated a culture like no other.