Welcome to our dedicated page for Potlatchdeltic Corporation news (Ticker: PCH), a resource for investors and traders seeking the latest updates and insights on Potlatchdeltic Corporation stock.
PotlatchDeltic Corporation (PCH) is a leading timberland REIT managing sustainable forests and manufacturing wood products across the U.S. This page aggregates official news and press releases, providing investors and stakeholders with timely resource for tracking corporate developments.
Access curated updates on earnings, strategic land transactions, and environmental initiatives. Monitor operational milestones across timberland management, manufacturing efficiency improvements, and real estate projects. All content is sourced directly from the company to ensure accuracy.
Key focus areas include sustainable harvesting practices, safety protocol enhancements, and community engagement through recreational leasing programs. Regular updates reflect PCH's integrated approach to balancing ecological responsibility with shareholder value creation.
Bookmark this page for streamlined access to PotlatchDeltic's latest announcements. Combine these updates with SEC filings and market analysis for comprehensive investment research.
PotlatchDeltic Corporation (NASDAQ: PCH) has successfully completed its merger with CatchMark Timber Trust in an all-stock transaction, enhancing its position as a leading integrated timber REIT. Post-merger, PotlatchDeltic now owns nearly 2.2 million acres of diversified timberlands, with significant holdings in Idaho and the U.S. South. The merger is expected to create synergies and improve shareholder value. Approximately 11.5 million shares of PotlatchDeltic common stock will be issued to CatchMark shareholders, equating to about 14% of total shares outstanding.
PotlatchDeltic Corporation (Nasdaq: PCH) has announced a new $200 million share repurchase program, replacing the previous $100 million program initiated in August 2018. This move underscores the Board's confidence in the company's ability to generate strong cash flows and a commitment to enhancing shareholder value. The company's strategy includes returning cash to shareholders through opportunistic buybacks, showcasing its focus on capital allocation and long-term growth.
The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) has declared a quarterly distribution of
PotlatchDeltic Corporation (Nasdaq: PCH) reported a net income of $120.2 million for Q2 2022, translating to $1.72 per diluted share, down from $187.9 million or $2.77 per share in Q2 2021. Revenue for the quarter was $359.6 million, a decrease from $447.5 million year-over-year. Key highlights include an adjusted EBITDDA of $175.1 million and a liquidity position of $810 million. The company announced a $131 million expansion of its Waldo sawmill and plans for a merger with CatchMark. Despite strong pricing, timberland adjusted EBITDDA saw a decrease influenced by wet weather.
PotlatchDeltic Corporation (Nasdaq: PCH) is set to release its second quarter earnings on July 25, post-market. A live conference call will follow on July 26 at 9:00 a.m. PT to discuss these results. Investors can access the call via www.potlatchdeltic.com or by phone. PotlatchDeltic is a prominent REIT with approximately 1.8 million acres of timberland across multiple states, also operating sawmills and real estate development. The company emphasizes sustainable practices and social responsibility.
PotlatchDeltic Corporation (NASDAQ: PCH) is investing $131 million to expand its Waldo sawmill in Columbia County, Arkansas, increasing annual capacity from 190 million to 275 million board feet. The project aims to reduce operating costs and is projected to generate an additional $25-$30 million in EBITDDA annually with an IRR of approximately 22%. The expansion will create 55 new indirect jobs and is expected to be completed by the end of 2024.
PotlatchDeltic Corporation (Nasdaq: PCH) is set to present a company overview at the REITweek Conference in New York on June 8, 2022, at approximately 12:30 PM Eastern Time. CEO Eric J. Cremers and CFO Jerald W. Richards will lead the presentation. Investors can access the live audio webcast via the PotlatchDeltic website, with an archived version available for 30 days post-event. The company manages 1.8 million acres of timberlands across several states, focusing on sustainable practices.
PotlatchDeltic Corporation (Nasdaq: PCH) and CatchMark Timber Trust (NYSE: CTT) announced a definitive agreement for an all-stock merger. This combination aims to create a timber REIT with approximately 2.2 million acres of diversified timberlands, enhancing shareholder value. PotlatchDeltic's market capitalization post-merger is projected to exceed $4 billion, with total enterprise value over $5 billion. The transaction, providing a 55% premium on CatchMark’s stock price, is set to close in H2 2022, pending stockholder approval.
PotlatchDeltic Corporation (NASDAQ: PCH) released its 2021 ESG Report, showcasing its dedication to environmental stewardship and community support. The report highlights achievements such as the removal of 4.9 million metric tons of CO2e, planting 23 million seedlings, and maintaining record-low injury severity rates. The company emphasizes enhancing board diversity and integrating ESG into management performance goals. PotlatchDeltic's commitment to sustainable practices aligns with frameworks like SASB and TCFD, reflecting its aim to create lasting shareholder value.
PotlatchDeltic Corporation (Nasdaq: PCH) has announced a quarterly distribution of $0.44 per share on its common stock. This distribution is set to be paid on June 30, 2022, to stockholders recorded by June 3, 2022. PotlatchDeltic, a leading Real Estate Investment Trust (REIT), manages approximately 1.8 million acres of timberlands across six states and operates multiple sawmills and a plywood mill. The company emphasizes its commitment to sustainable forest practices and responsible governance.
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