Potlatchdeltic Corporation Stock Price, News & Analysis

PotlatchDeltic (PCH) has disclosed the tax treatment for its 2024 dividend distributions on Common Stock. The company distributed a total of $1.80 per share throughout 2024, paid in four equal quarterly installments of $0.45 per share. These distributions are classified as 100% Capital Gain Distributions for income tax purposes, subject to the long-term 20% rate.

The dividends were paid on the following dates: March 29, June 28, September 30, and December 31, 2024, with corresponding record dates of March 8, June 7, September 13, and December 16, 2024. The company notes that all capital gain dividends relate to IRC Section 1231 gains, with one-year and three-year amounts disclosures of $0.00 for holders of applicable partnership interests.

PotlatchDeltic (Nasdaq: PCH) has announced its upcoming fourth quarter 2024 earnings release, scheduled for Monday, January 27, 2025, after market close. The company will host a live conference call and webcast the following day, Tuesday, January 28, at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time).

Investors can access the webcast through the Investors section of www.potlatchdeltic.com. Conference call access is available at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international callers, using conference ID 7281983. A replay will be available for one week until February 4, 2025, accessible at 1-800-770-2030 (U.S./Canada) or 1-609-800-9909 (international).

PotlatchDeltic has detailed its electrician apprenticeship program at its St. Maries, Idaho facility. The program combines online/classroom coursework with practical experience, requiring apprentices to complete 8,000 hours of on-the-job work experience and enroll in accredited schools like North Idaho College or College of Southern Idaho.

The program spans four years with eight levels, requiring 144 hours of annual instruction (576 total hours). Training covers electrical codes, wiring, troubleshooting, motor installation, controls, and PLC classes. Currently, nine apprentices are at various stages of training, with eight apprentices achieving journeyman status over the past five years.

Electricians at the facility maintain important operations, ensuring compliance with OSHA safety protocols and managing essential systems like lock out/tag out. Their responsibilities include wiring installation, blueprint interpretation, system repairs, and providing input on electrical systems' longevity for capital planning.

PotlatchDeltic highlights its participation in Voluntary Protection Programs (VPP), demonstrating excellence in workplace safety across multiple facilities. The company's Gwinn, Michigan facility maintains Star Worksite status in MVPP since 2013, recognized for its safety vision and 90-day Safety Passport onboarding process. The Bemidji, Minnesota facility has held MNSTAR status since 2001, earning the Minnesota Safety Council's Governor's Safety Award in 2022. The St. Maries, Idaho lumber and plywood facilities have been VPP Star sites since 2000, featuring exemplary lockout/tagout procedures and employee-engaged safety processes.

PotlatchDeltic (Nasdaq: PCH) announced that its board of directors has declared a quarterly distribution of $0.45 per share on the company's common stock. The distribution will be paid on December 31, 2024, to stockholders of record as of December 16, 2024.

PotlatchDeltic is undertaking a significant tree planting initiative in Idaho, aiming to plant 6 million seedlings over 15,000 acres in six to eight weeks. This process involves an 18-month preparation period, including seedling growth in nurseries across the Pacific Northwest and southern British Columbia. Over 90% of the seedlings come from first-generation tree improvement programs, with more than 70% sourced from PotlatchDeltic's Cherrylane Seed Orchard. The planting season is compressed due to Idaho's climate and terrain, requiring precise timing to ensure seedling survival. Over 200 people are involved in the peak planting season, planting more than 280,000 seedlings daily. The initiative also aims to reduce costs and resource inputs by decreasing seedling stock size. Manual hand planting is necessary due to the terrain, with planters carrying up to 300 seedlings at a time. The effort relies on H-2B temporary labor visas, and the process is heavily regulated to ensure job availability for American citizens. This reforestation effort is critical for regulatory, environmental management, and wildlife benefits.

PotlatchDeltic has launched 'Salute', a Veterans Employee Resource Group in 2023, aimed at supporting veterans and military families within the company. The initiative, led by Executive Sponsor Robert Schwartz and Chair Daniel Cortes, serves 88 veteran team members who contribute valuable skills including teamwork, discipline, leadership, and adaptability. The PR also highlights the company's Gwinn sawmill facility, which operates on a former Strategic Air Command base (K.I. Sawyer Air Force Base) in Michigan's Upper Peninsula, representing a successful transition from military to industrial use after the base's closure in 1995.

PotlatchDeltic explains how sustainably managed forests help combat climate change through carbon management. Trees absorb CO2 and store carbon in their structure, while wood products act as 'carbon vaults'. Active forest management enhances carbon removal compared to unmanaged forests, with 68% of carbon in sawtimber transported to mills and 32% remaining on site. Wood products manufacturing stores about 55% of wood carbon, while residuals are used for additional products or biogenic energy. The cycle of planting, growth, and harvest creates cumulative carbon storage over time. U.S. forests, harvested wood products, and urban trees offset more than 11% of total GHG emissions annually.

PotlatchDeltic (PCH) reported Q3 2024 net income of $3.3 million, or $0.04 per diluted share, on revenues of $255.1 million, down from $23.7 million, or $0.29 per share, on revenues of $265.5 million in Q3 2023. The company generated Total Adjusted EBITDDA of $45.9 million with an 18% margin. Key highlights include completing the Waldo, Arkansas sawmill expansion project, expected to generate an additional $25 million in Adjusted EBITDDA annually under mid-cycle conditions. The company maintained strong liquidity of $460 million and repurchased 57,000 shares for $2.4 million.