Financial Data and Key Metrics Changes - The company reported total adjusted EBITDA of $30 million in Q1 2024, down from $41 million in Q4 2023, primarily due to fewer rural real estate sales, partially offset by improved wood products results from higher average lumber prices [55][68] - Adjusted EBITDA for the Wood Products segment was breakeven in Q1 2024, compared to a loss of $6 million in Q4 2023, driven by higher average lumber prices and lower cash processing costs [43][82] - The company’s total liquidity was $479 million, including $180 million in cash, after utilizing cash for timberland acquisitions [58] Business Line Data and Key Metrics Changes - The Wood Products segment saw average lumber price realizations increase from $405 per thousand board feet in January to $443 in March, with total lumber shipments of 271 million board feet in Q1 2024 [57][82] - The Real Estate segment generated $6 million in adjusted EBITDA in Q1 2024, down from $22 million in Q4 2023, due to fewer acres sold and a lack of commercial land sales [70][83] - The Timberland segment's adjusted EBITDA increased from $33 million in Q4 2023 to $35 million in Q1 2024, benefiting from improved log and haul costs [96] Market Data and Key Metrics Changes - Southern sawlog prices were 3% lower in Q1 2024 compared to Q4 2023, primarily due to a seasonally lower mix of hardwood sawlogs [56] - The company expects Northern sawlog prices to increase approximately 6% in Q2 2024, reflecting improved lumber prices and seasonal factors [59] - The overall demand for high-quality timberland remains strong, despite a relatively quiet M&A market with $3 to $4 billion of timberland transactions expected annually [13][15] Company Strategy and Development Direction - The company is focused on completing the Waldo sawmill modernization project, which is expected to increase annual capacity by 85 million board feet and generate approximately $25 million in incremental EBITDA annually [44][69] - The company is committed to a disciplined capital allocation strategy, evaluating opportunities to grow shareholder value while maintaining investment-grade status [48][88] - The company is exploring natural climate solutions, including carbon credits and solar land sales, which are expected to enhance the value of its rural land [94][121] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the economic environment, noting that the outlook for interest rate cuts has shifted from multiple cuts to potentially none this year, complicating market predictions [16][18] - The company remains optimistic about lumber markets improving as demand is expected to rebound, particularly in the repair and remodel segment, supported by strong consumer balance sheets and home equity levels [53][78] - Management indicated that while the current lumber market is weak, they anticipate a recovery as supply constraints and demand dynamics shift [90][159] Other Important Information - The company completed the sale of 800 acres of rural land at nearly $3,100 per acre, with expectations for sales to accelerate in Q2 2024 [39][70] - The company has $125 million remaining on its $200 million share repurchase authorization, with share repurchases being a key component of its capital allocation strategy [50][75] - The company harvested 1.9 million tons in Q1 2024, achieving the upper range of its harvest plan, with expectations for a slight decrease in harvest volumes in Q2 due to seasonal factors [120][85] Q&A Session Summary Question: What is the outlook for capital allocation and share repurchases? - Management indicated that protecting the balance sheet and maintaining investment-grade status is a priority, with share repurchases becoming more attractive as stock prices decline [88] Question: How is the company addressing the current lumber market conditions? - Management noted that many mills are operating below breakeven, leading to potential curtailments in the industry, and emphasized the importance of running mills efficiently despite current challenges [90][117] Question: What are the expectations for timberland pricing and sales? - Management expects timberland values to increase as demand for high-quality timberland remains strong, despite current pricing stability [15][156]

FORWARD-LOOKING STATEMENTS & NON-GAAP MEASURES This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including without limitation, our expectations regarding the company's revenues, costs and expenses; expected liquidity; the U.S. economic condition; the success of the company's business strategies; the company's disciplined and opportunistic capital allocation strategies, including share repurchases and dividend ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Potlatch (PCH) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. On the ot ...

Stewart Watson/iStock via Getty Images Investors own assets for different reasons. While most on this platform form their basis on the income stream, some may buy it for the underlying value. Occasionally, as one investor kind flees, another kind may enter. So it is always helpful to see valuation from more than one perspective to see if ownership makes sense. We are going to do that today for PotlatchDeltic Corporation (NASDAQ:PCH). In our last coverage of PCH (see Great Point To Exit), we recognized t ...

SPOKANE, Wash.--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) announced today Eric J. Cremers, president and chief executive officer and Wayne Wasechek, vice president and chief financial officer, will provide a company overview to investors at two upcoming Investor Conferences. The company overviews are scheduled at: the 45th Annual Raymond James Institutional Investors Conference on March 4 at 11:00 AM Eastern Time, and the 2024 Citi Global Property CEO Conference on March 5 at 4:20 PM Ea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-32729 POTLATCHDELTIC CORPORATION (Exact name of registrant as specified in its charter) Delaware 82-0156045 (State or other jurisdiction o ...

SPOKANE, Wash.--(BUSINESS WIRE)--The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable March 29, 2024 to stockholders of record on March 8, 2024. About PotlatchDeltic PotlatchDeltic (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina. Through ...

PotlatchDeltic Corporation (NASDAQ:PCH) Q4 2023 Earnings Conference Call January 30, 2024 12:00 PM ET Company Participants Eric Cremers - President and CEO Wayne Wasechek - Vice President and CFO Conference Call Participants George Staphos - Bank of America Anthony Pettinari - Citigroup Ketan Mamtora - BMO Capital Markets Michael Roxland - Truist Securities Matthew McKellar - RBC Capital Markets Kurt Yinger - D.A. Davidson Mark Weintraub - Seaport Global Operator Good morning. My name is Rob, and I will be ...

| --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------|-------|---------|-------|-------|---------|-------|----------| | | | $ 165.1 | | | $ 150.1 | | $ (15.0) | | Adjusted EBITDDA | | $ 15.1 | | $ | (6.5) | | $ (21.6) | | Margin (%) | | 9.1 % | | | (4.3) % | | | | Lumber shipment volume (MMBF) | | 276 | | | 285 | | 9 | | Lumber price ($ / MBF) | $ | 481 | | � | 415 | � | (66) | Revenues (13.4) pts 9 $9.3 $21.9 $(0.4) $(1.2) MILLIONS $14.2 Q3 2023 Rural Sales Development Sales Ot ...

PotlatchDeltic Corporation’s (PCH) shares declined 5% in the after-hour trading session on Jan 29, after the company reported mixed results for fourth-quarter 2023. Its earnings missed the Zacks Consensus Estimate while revenues topped the same.On a year-over-year basis, earnings declined but the revenues increased.The company’s quarterly results reflect solid contributions from the Real Estate business attributable to capitalizing higher value opportunities from the stratification of CatchMark timberlands. ...