Rayonier reports second quarter results
JACKSONVILLE — Rayonier (NYSE:RYN) on Tuesday reported second quarter net income attributable to Rayonier of $18 million, or $.14 per share, compared to $87 million, or $.67 per share, in the prior year period.
The second quarter results include $12 million of net income from its Performance Fibers business, which was spun off on June 27 and $4 million of costs related to the spin-off. The prior period second quarter results included a $16 million gain related to the consolidation of the Company’s 65 percent owned New Zealand joint venture.
Excluding these items, pro forma net income is $10 million, or $.08 per share, compared to $23 million, or $.17 per share, in the prior year period.
“We accomplished a significant strategic milestone in the second quarter with the successful spin-off of the Performance Fibers business into Rayonier Advanced Materials,” said David Nunes, president and CEO.
SouthCoast Medical Group re-brands as SouthCoast Health
The Savannah-based medical organization formerly known as SouthCoast Medical Group has officially re-branded as SouthCoast Health.
The organization said the change will be reflected in its name, logo, website and overall visual identity.
SouthCoast Health Administrator John Marrero said the change comes from a desire to better represent the organization’s commitment to complete individual wellness.
“Our new identity conveys that we are more than a medical group; we are a partner in our patients’ overall health,” Marrero said.
No changes will be made in SouthCoast Health policies, hours or physicians under the re-branding campaign. Patients will continue to see the same physician in their usual location, still using their current form of insurance.
For more information, go to www.SouthCoast-Health.com or call 912-303-3552.
S Bank to unveil new brand, logo
S Bank announced plans Tuesday to unveil a new brand that the company said will be conveyed through a new logo and comprehensive advertising and marketing programs.
“We’ve been providing community banking for 70 years, but S Bank needed a very clear and concise brand to bring meaning to our name and reveal more of our personality, which is why we moved forward with a campaign that explains what the ‘S’ is all about,” said Robert Mays, president and CEO.
The new brand was revealed to bank employees on July 24 and will launch externally on Thursday. New signs will go up, the company said, and branding materials will be blanketed across all bank locations and brand touch points, including a new website.
For more information, go to SBank.com or call 912-236-2800.