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BULLETIN: Rayonier Inc. Reports 2002 Second-Quarter Results Jul 02 Product Image

BULLETIN: Rayonier Inc. Reports 2002 Second-Quarter Results Jul 02

  • Published: July 2002
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services said today that its ratings on Rayonier Inc. (BBB-/Stable/--) remain unchanged following the company's announcement of second-quarter results. Earnings were lower than the second quarter of 2001, primarily due to last year's major land sale. However, steady demand for the company's cellulose specialties, lower performance fibers manufacturing costs, plus the seasonal increase in Northwest U.S. timber volumes allowed Rayonier to generate free cash flow for continued debt reduction. Rayonier's strong cash-generating ability is key to ratings stability....

Companies mentioned in this report are: Rayonier Inc.
Action: S&P Event

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Rayonier Inc.

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