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Mark McHugh

President, Chief Executive Officer & Director, RAYONIER INC

Search every verified Mark McHugh interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During Rayonier's Q2 2026 earnings call, Mark McHugh, President and CEO, addressed the company's outlook on pulpwood pricing and its timberland portfolio. He noted that while the company has not seen significant positive momentum in pulpwood pricing, the market has generally stabilized after a challenging period. McHugh attributed the recent difficulties to multiple mill closures, elevated supply from hurricane salvage, and dry weather conditions across the South, which led to several successive quarters of declining prices. He expressed that with better end-market dynamics, such as improvements in containerboard, the pricing environment appears to have steadied. McHugh also discussed the company's timberland portfolio, specifically regarding option maturities. He declined to disclose the exact percentage of the 77,000-acre portfolio coming due in 2027, but explained that this year marks the first time a larger volume of option maturities will occur. He noted that this is a result of the portfolio being built up over the last three to four years, and that maturities are expected to become more normalized thereafter. Additionally, McHugh commented on the company's capital allocation, stating that Rayonier continues to view share buybacks as a compelling use of capital given the current stock price, and expects to remain active in repurchasing shares while being measured in its approach amid volatile market conditions.

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