Vice President of Capital Markets and Strategic Planning - Collin Mings President and Chief Executive Officer - Mark McHugh Operator: Hello, everyone. Thank you for joining us, and welcome to the Q2 2026 Rayonier Inc. Earnings Conference Call. [Operator Instructions] I will now hand the conference call over to Collin Mings, Vice President of Capital Markets and Strategic Planning.
Collin Mings: Thank you, and good morning. Welcome to Rayonier's investor teleconference covering second quarter earnings. Our earnings statements and financial supplement were released yesterday afternoon and are available on our website at rayonier.com.
I would like to remind you that in these presentations, we include forward-looking statements made pursuant to the safe harbor provisions of federal securities laws. Our earnings release and Forms 10-K and 10-Q filed with the SEC list some of the factors that may cause actual results to differ materially from the forward-looking statements we may make. They are also referenced on Page 2 of our financial supplement.
Throughout these presentations, we will also discuss non-GAAP financial measures, which are defined and reconciled to the nearest GAAP measures in our earnings release and supplemental materials. With that, let's start our teleconference with opening comments from Mark McHugh, our President and CEO. Mark McHugh: Thanks, Collin.
Before turning to our second quarter results, I'd like to provide a brief update on our merger of equals with PotlatchDeltic as well as the two timberland transactions we announced yesterday, which further advance our portfolio optimization strategy. Since closing the merger in late January, our team has moved quickly to optimize our organizational structure, capture operational efficiencies and integrate the two companies' cultures into a shared foundation. We also signed a lease on our new corporate headquarters in Atlanta, which we expect to open in early 2027.
I'm proud of our team's execution over the past 6 months. We've made significant progress on integration initiatives, and we remain on track to achieve our run rate synergies targets. Moving to the transactions we announced yesterday.
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