Rayonier reports higher fibre sales

ERJ staff report (DS)

Jacksonville, Florida – Rayonier has reported third quarter net income of $81 million, compared to $105 million in the prior year period. The company has a performance fibres division which reported third quarter sales of $288 million, $33 million above the prior year period. Divisional operating income of $101 million improved by $27 million.

For the performance fibers division, year-to-date sales of $794 million were $55 million above the comparable 2011 period, while operating income of $266 million increased $44 million. The…

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