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) 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.
PotlatchDeltic Corporation (Nasdaq: PCH) has appointed Ashlee Cribb as Vice President of Wood Products, effective July 28, succeeding Tom Temple, who retires later this year. Ashlee brings over 30 years of industry experience, notably from her previous role as Senior Vice President at Roseburg Forest Products. She holds an MBA from Washington University and a degree in chemical engineering from Georgia Institute of Technology. Cribb aims to enhance operational excellence and value delivery for customers and shareholders.
PotlatchDeltic Corporation has implemented immediate restrictions on motorized recreational vehicle use in Idaho due to severe fire danger. Effective until further notice, motorized vehicles are restricted to open, ungated roads; ATVs and motorcycles are prohibited behind gates. Additionally, ORV and 14-day camping permit sales have been temporarily curtailed, and campfires are banned. The company urges caution for visitors to Idaho’s forests during this high-risk fire season.
PotlatchDeltic Corporation (Nasdaq: PCH) is set to announce its second quarter earnings on July 26, after market close. Following this, a live conference call will be held on July 27 at 9:00 a.m. PT (12:00 p.m. ET) for discussions on the results. Investors can join via the company's website or by calling specific numbers for U.S. and international participants. PotlatchDeltic is a prominent REIT with approximately 1.8 million acres of timberlands across six states and operates sawmills and a real estate development business.
PotlatchDeltic Corporation (Nasdaq:PCH) reported a fire at its Ola, Arkansas sawmill on June 13, resulting in damage primarily to the log breakdown area. Fortunately, there were no injuries or environmental impacts. The planer mill, kiln, and shipping department remained unaffected. The company is assessing the extent of the damage to determine downtime and repair costs, preparing an insurance claim as well. Log deliveries will be redirected to other mills, although harvesting may be impacted. The Ola sawmill employs around 148 people and has a capacity of 150 million board feet annually.
PotlatchDeltic Corporation (Nasdaq:PCH) will present at Nareit’s REITweek: 2021 Virtual Investors Conference on June 9, 2021, at 4:00 PM ET. CEO Eric J. Cremers and CFO Jerald W. Richards will provide a company overview to investors. Live or on-demand access requires registration on the REITweek website. An archived webcast will be available on PotlatchDeltic's investor site for 90 days following the event.
PotlatchDeltic, a leader in sustainable forest practices, manages 1.8 million acres of timberlands across several states and operates sawmills and a real estate development business.
PotlatchDeltic Corporation (Nasdaq: PCH) has released its 2020 Environmental, Social, and Governance (ESG) Report, emphasizing its commitment to environmental stewardship and sustainable value creation. The report aligns with guidelines from the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD), and supports the UN Sustainable Development Goals. CEO Eric Cremers noted the favorable impact of climate change on timber growth and highlighted opportunities in carbon sequestration through forest management.
The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) has announced a quarterly distribution of $0.41 per share, payable on June 30, 2021, to stockholders of record as of June 4, 2021. PotlatchDeltic is a leading Real Estate Investment Trust (REIT) with approximately 1.8 million acres of timberlands across several states and operations that include sawmills and real estate development. The company emphasizes sustainable forest management and responsible governance.
PotlatchDeltic Corporation (Nasdaq:PCH) reported impressive Q1 2021 results with a net income of $131.1 million, or $1.94 per diluted share, compared to a net loss of $16.8 million in Q1 2020. Revenues increased to $354.2 million from $208.9 million year-over-year. Adjusted EBITDDA reached a record $195.0 million, representing a margin of 55%. The Wood Products and Timberlands segments performed exceptionally well, benefiting from historic lumber prices. Despite strong overall performance, the Real Estate segment saw a significant decline in Adjusted EBITDDA due to a previous land sale.