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) News on Stock Titan focuses on developments affecting this timber-focused Real Estate Investment Trust and its investors. PotlatchDeltic publicly describes itself as a leading REIT with ownership of approximately 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina, along with wood products manufacturing and real estate activities.
News coverage for PCH commonly includes quarterly earnings releases, where the company reports revenues, net income, Total Adjusted EBITDDA, and segment performance for Timberlands, Wood Products, and Real Estate. These updates often explain changes in harvest volumes, lumber prices, log and haul costs, manufacturing costs, and rural land and real estate sales activity.
Investors can also follow PotlatchDeltic’s regular board actions regarding quarterly distributions on its common stock. Multiple press releases document the declaration of distributions, including the per-share amount, record dates, and payment dates, reflecting the company’s REIT distribution practices.
Another key category of news involves corporate transactions and capital structure decisions. Recent items include the announcement of an all-stock merger of equals with Rayonier Inc., described as creating a leading domestic land resources owner and top-tier lumber manufacturer, and the refinancing of term loans under an amended term loan agreement. These announcements provide insight into PotlatchDeltic’s strategic direction and financing arrangements.
PotlatchDeltic also issues news related to corporate responsibility, such as the release of its Corporate Responsibility Report, which highlights accomplishments in sustainable forest management, climate-related initiatives, safety, community support, and responsible sourcing. Conference participation and investor presentations are additional recurring topics, with details on webcasts and replays for those seeking management commentary.
By reviewing the PCH news feed, readers can track financial performance, dividend decisions, major transactions like the pending Rayonier merger, and sustainability reporting, all of which shape the company’s long-term profile.
PotlatchDeltic Corporation (Nasdaq: PCH) announced the resignation of Jerry Richards, Vice President and Chief Financial Officer, effective April 19, 2023. Richards will assist in the transition until May 12, 2023. He has been with the company since 2013 and played a crucial role in its growth, including integrating Deltic Timber Corporation and CatchMark Timber Trust, Inc. The company will initiate a search for a new CFO, with Wayne Wasechek serving as Interim CFO and Chief Accounting Officer. Importantly, Richards' departure is not linked to any disputes over corporate strategy or financial disclosures. PotlatchDeltic is a leading REIT with nearly 2.2 million acres of timberland across several states and engages in sustainable forest management.
PotlatchDeltic Corporation (NASDAQ: PCH) will release its first quarter earnings on April 24, after market close. A live conference call and webcast to discuss these results is scheduled for April 25 at 9:00 a.m. PT (12:00 p.m. ET). Investors can access the webcast via the company’s website by navigating to the Investors section or by calling designated numbers for participation.
PotlatchDeltic, a leading Real Estate Investment Trust, manages nearly 2.2 million acres of timberlands across several states, alongside operating sawmills and a real estate development business.
PotlatchDeltic Corporation (Nasdaq: PCH) announced that person value="APIN:0814727871"Eric J. Cremers and person value="APIN:4165868394"Jerald W. Richards will present an overview of the company at upcoming investor conferences.
The conferences include the Raymond James 44th Annual Institutional Investors Conference on March 6 at 2:50 PM ET and the Citi 28th Annual Global Property CEO Conference on March 7 at 9:15 AM ET. Additionally, there will be meetings at the BofA Securities Global Agriculture and Materials Conference on March 2, 2023.
Investors can access live webcasts of the presentations on the company’s website.
The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) has announced a quarterly distribution of $0.45 per share. This distribution will be payable on March 31, 2023, to shareholders of record as of March 3, 2023. PotlatchDeltic is a leading Real Estate Investment Trust (REIT) that manages nearly 2.2 million acres of timberlands across several states including Alabama, Arkansas, and Georgia. The company operates six sawmills and an industrial-grade plywood mill, emphasizing sustainable forest management and responsible governance.
PotlatchDeltic Corporation (Nasdaq: PCH) reported net income of $3.8 million, or $0.05 per diluted share, for Q4 2022, on revenues of $253.1 million. Adjusted net income for the quarter was $9.3 million, or $0.12 per diluted share, despite a significant decline from $39.2 million, or $0.58 per diluted share, in Q4 2021. For the full year 2022, net income reached $333.9 million on revenues of $1.3 billion. Key highlights included acquiring CatchMark Timber Trust, generating $574.1 million in adjusted EBITDDA, and returning $263 million to shareholders. However, challenges such as decreased timber revenues and lumber prices were noted, impacting performance.
PotlatchDeltic Corporation (NASDAQ: PCH) announced the tax treatment for its 2022 dividend distributions, totaling $2.72 per share, classified entirely as Capital Gain Distributions. Key distribution dates include:
- Record Date: 03/04/2022, Payable Date: 03/31/2022, Distribution: $0.44
- Record Date: 06/03/2022, Payable Date: 06/30/2022, Distribution: $0.44
- Record Date: 09/20/2022, Payable Date: 09/30/2022, Distribution: $0.44
- Record Date: 12/14/2022, Payable Date: 12/30/2022, Distribution: $0.45
- Record Date: 12/21/2022, Payable Date: 12/30/2022, Distribution: $0.95
Shareholders should consult tax advisors for specific treatment.
PotlatchDeltic Corporation (Nasdaq: PCH) has provided details on the tax treatment of CatchMark Timber Trust (NYSE: CTT) dividend distributions for 2022. CatchMark paid a total of $0.15 per share in cash dividends before its merger with PotlatchDeltic on September 14, 2022. The dividend breakdown includes payments of $0.075 on February 28 and May 31.
Investors are encouraged to review their 1099-DIV forms for accuracy and consult tax advisers as needed.
PotlatchDeltic Corporation (NASDAQ: PCH) is set to release its fourth quarter earnings on January 30, post-market close. A conference call will follow on January 31 at 9:00 a.m. PT. Investors can access the call via their website or by phone. The company, a leading Real Estate Investment Trust (REIT), manages nearly 2.2 million acres of timberland across seven states and operates sawmills and a real estate development business. Its commitment to sustainable forest management underlines its corporate responsibility.
PotlatchDeltic Corporation (Nasdaq: PCH) announced a significant commitment to sustainability by establishing a 2030 greenhouse gas (GHG) emissions reduction target of 42% for Scope 1 and Scope 2 emissions, alongside a 25% target for Scope 3 emissions based on a 2021 baseline. This initiative aligns with the Science Based Targets Initiative (SBTi) to limit global temperature increases. The company also aims for net-zero GHG emissions by 2050. These efforts reflect PotlatchDeltic's commitment to environmental responsibility and sustainable forest management.
The board of directors of PotlatchDeltic Corporation (PCH) declared a special dividend of $0.95 per share, payable on December 30, 2022, to stockholders of record on December 21, 2022. Additionally, a quarterly dividend of $0.45 per share has been declared, marking a 2.3% increase from the prior dividend of $0.44, payable the same day to stockholders of record on December 14, 2022. Eric Cremers, CEO, emphasized the importance of returning cash to shareholders and noted a 45% increase in regular dividends since 2012.