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 appointment of Eric J. Cremers as president and CEO, effective January 1, 2021. Cremers, who has been with the company since 2007, previously served as president and COO. Michael J. Covey, the outgoing CEO, remains as executive chairperson. Cremers has extensive industry experience and was key in significant company transactions, including the spin-off of Clearwater Paper in 2008 and the merger with Deltic Timber in 2018. The transition aims to ensure leadership continuity and leverage Cremers' expertise to drive growth.
PotlatchDeltic Corporation (Nasdaq:PCH) reported a net income of $81.0 million, equating to $1.20 per diluted share, for Q3 2020 on revenues of $313.0 million, compared to a net income of $20.6 million on revenues of $226.3 million in Q3 2019. The company achieved record quarterly Total Adjusted EBITDDA of $135.4 million, a margin of 43%. Key highlights include increased harvest volumes and significant profit growth in both Timberlands and Wood Products segments, driven by historic lumber prices. Liquidity strengthened to $528 million.
PotlatchDeltic Corporation has lifted the campfire or open burning ban on its Idaho property, effective immediately. This decision follows a decrease in fire risk thanks to cooler temperatures. The company emphasizes the importance of responsible fire use in forest areas. PotlatchDeltic is recognized as a leading Real Estate Investment Trust (REIT) managing 1.8 million acres of timberland across several states, and it operates various facilities including sawmills and a plywood mill. The company's commitment to sustainability and responsible management practices is highlighted.
PotlatchDeltic Corporation (NASDAQ: PCH) is set to release its third quarter earnings on October 26th, after market close. A conference call led by CEO Michael J. Covey will take place on October 27th at 9:00 a.m. PT. Investors can access the call via webcast or conference line. The company, a leader in sustainable forest management, owns around 1.8 million acres of timberland and operates multiple sawmills and a real estate development business. For further information, visit www.potlatchdeltic.com.