Rayonier Reports First Quarter Results

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Description: JACKSONVILLE, Fla.--(EON: Enhanced Online News)--Rayonier (NYSE:RYN) today reported first quarter 2012 net income of $53 million, or 42 cents per share, compared to $58 million, or 47 cents per share, in the prior year period. Cash provided by operating activities was $111 million compared to $116 million in first quarter 2011. Cash available for distribution (“CAD”)1 was $87 million versus $88 million in first quarter 2011. (See Schedule D for more details.) “We are pleased with our first quart a style='font-size
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