Tejon Ranch cuts 20% staff

Tejon Ranch Co. (NYSE: TRC):

The company reduced its workforce by approximately 20% in October, targeting $2.0 million in annual cost savings across all business segments. Adjusted EBITDA, a non-GAAP measure, totaled $5.3 million for the third quarter versus $5.6 million in 2024.

As of September 30, 2025, Tejon Ranch had $21.0 million in cash and securities with $68.1 million available on its credit line, providing total liquidity of $89.1 million. The company's debt-to-total capitalization ratio stood at 32.0%.

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