Potlatchdeltic Corporation Stock Price, News & Analysis

PotlatchDeltic Corporation (NASDAQ: PCH) declared a special dividend of $4.00 per share, payable December 31, 2021, to stockholders of record on December 22, 2021. Additionally, a quarterly dividend of $0.44 per share will be paid on the same date, representing a 7.3% increase from the previous quarterly dividend of $0.41. The total return to shareholders is approximately $275 million, with over $300 million remaining for future growth.

PotlatchDeltic Corporation (Nasdaq: PCH) has elected Anne L. Alonzo to its Board of Directors, effective immediately. Alonzo brings extensive experience in ESG, agricultural sustainability, and public affairs, having previously served as Senior VP and Chief Sustainability Officer at Corteva Agriscience and as CEO of the American Egg Board. PotlatchDeltic's President and CEO, Eric J. Cremers, expressed confidence in Alonzo's ability to contribute to the company's growth strategy and enhance shareholder value. Alonzo holds an Executive M.B.A., a J.D., and is affiliated with multiple corporate boards.

PotlatchDeltic Corporation (Nasdaq: PCH) reported a net income of $65.7 million, or $0.97 per diluted share, on revenues of $287.3 million for Q3 2021. Adjusted Net Income stood at $62.4 million, or $0.92 per diluted share, excluding insurance gains. Comparatively, Q3 2020 net income was $81.0 million. EBITDDA for the quarter was $107.2 million with a margin of 37%. Despite a decrease in lumber prices, the company expects favorable housing fundamentals and plans to issue a special dividend of $3 to $5 per share in December.

PotlatchDeltic Corporation (NASDAQ: PCH) will announce its third quarter earnings on October 25 after market closure. A live conference call and webcast is scheduled for October 26 at 9:00 a.m. PT to discuss the results. Investors can access the call via the company's website or by phone. A replay will be available until November 3. PotlatchDeltic operates around 1.8 million acres of timberland across the southeastern and midwestern United States, along with sawmills and real estate development operations.

PotlatchDeltic Corporation (Nasdaq: PCH) has lifted a temporary motorized vehicle ban on its Idaho timberlands due to reduced fire risk following recent rainfall and cooler temperatures. Effective September 20, motorized recreational vehicle use is allowed except on Bingo Creek Road, which remains temporarily restricted in collaboration with the Idaho Department of Lands. Campfires are permitted at leased campsites, while other areas remain banned until the open burning season starts on October 20. The company emphasizes the importance of fire safety for visitors.

The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) has declared a quarterly distribution of $0.41 per share. This distribution is payable on September 30, 2021, to shareholders of record as of September 15, 2021. PotlatchDeltic, a leader in sustainable forestry, operates approximately 1.8 million acres of timberland across multiple states, along with sawmills and real estate development businesses. The company emphasizes environmental responsibility in its operations.

PotlatchDeltic Corporation (Nasdaq: PCH) has lifted the temporary public access ban on its Idaho timberlands, effective August 27, following a decline in fire risk due to recent rainfall and lower temperatures. Recreational activities such as camping, hunting, and fishing are now permitted, though campfires remain banned and motorized vehicle access is restricted to open, ungated roads. The company encourages visitors to exercise caution regarding fire safety while enjoying the outdoor recreation opportunities available on its lands.

PotlatchDeltic Corporation (Nasdaq: PCH) reported a net income of $187.9 million, or $2.77 per diluted share, for Q2 2021, up from $2.6 million in Q2 2020. Revenues reached $447.5 million, driven by record wood product prices and a Total Adjusted EBITDDA of $275.0 million. Timberlands and Wood Products segments reported Adjusted EBITDDA of $77.2 million and $204.6 million, respectively. Despite challenges from a sawmill fire, the company maintains strong liquidity of $891 million and plans a special dividend in Q4 2021.

PotlatchDeltic Corporation (Nasdaq: PCH) has announced an immediate suspension of public access to its Idaho timberlands due to severe fire danger. This measure, in effect until further notice, is aimed at ensuring public safety and protecting wildlife during extreme fire conditions. All public use, including roads and campsites, is prohibited, with vacating of leased campsites required by August 1, 2021. This decision aligns with the Idaho Department of Fish and Game’s Large Tracts Program, and similar actions have been taken by other landowners in the area.