Rayonier Inc. (NYSE:RYN) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET

Company Participants

Collin Mings - VP, Capital Markets and Strategic Planning
Mark McHugh - President and CEO
Douglas Long - EVP and Chief Resource Officer
April Tice - SVP and CFO

Conference Call Participants

Ketan Mamtora - BMO Capital Markets
Matthew McKellar - RBC Capital Markets
Mark Weintraub - Seaport Research Partners
Gregory Andreopoulos - Citi
Niko Pacini - Truist Securities

Operator

Welcome, and thank you for joining Rayonier's First Quarter 2024 Conference Call. [Operator Instructions] Today's conference is being recorded.

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 first 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 list 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 Mark McHugh, our President and CEO. Mark?

Mark McHugh

Thanks, Collin. Good morning, everyone.

First, I'll make some high-level comments before turning it over to April Tice, Senior Vice President and Chief Financial Officer, to review our consolidated financial results. 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, April will discuss our real estate results and our outlook for the balance of the year.

As this is my first earnings call since officially stepping into the CEO role, I want to reiterate how honored I feel that our Board has entrusted me to lead Rayonier at this exciting time for our company. I'm fortunate to be partnering with an experienced and dedicated team of senior leaders, all of whom are incredibly energized by the refreshed vision that we've laid out for Rayonier and eager to execute on our future growth opportunities. On that note, I'd like to also formally welcome April to our earnings call this quarter in her new role as CFO.