Full year sales of $230 million increased $15 million from 2011, while operating income of $46 million was slightly lower. In the Atlantic region, operating income reflects higher prices as 2011 included fire salvage sales, while earnings in the Gulf region increased due to higher volumes from the 2011 acquisitions and higher non-timber income. Offsetting these increases were lower prices in the Northern region and New Zealand due to weaker Asian demand.Real Estate
Rayonier Reports Fourth Quarter And Full Year 2012 Results
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