For the quarter ended December 2023, Potlatch (PCH) reported revenue of $254.5 million, up 0.5% over the same period last year. EPS came in at $0.00, compared to $0.12 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $239.8 million, representing a surprise of +6.13%. The company delivered an EPS surprise of -100.00%, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Potlatch (PCH) reports results for the quarter ended December 2023. 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 January 29. On t ...

SPOKANE, Wash.--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) announced today the tax treatment for its dividend distributions made in 2023 on the company’s Common Stock. The dividend distributions of $1.80 per share are classified for income tax purposes as follows: $1.3124 (72.9%) of Capital Gain Distributions (long-term 20% rate) and $0.4876 (27.1%) as a Non-dividend Distribution (return of capital). The table below summarizes the income tax treatment of the company’s 2023 dividends: 2023 Di ...

SPOKANE, Wash.--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) will release fourth quarter earnings on Monday, January 29, after the market closes. The company will hold a live conference call and webcast on Tuesday, January 30 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results. Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international callers. P ...

Aleksandra Tokarz/iStock via Getty Images On our last piece on PotlatchDeltic Corporation (NASDAQ:PCH) we gave investors a few reasons to be relatively optimistic. In "3 Reasons To Get A Little More Optimistic On This REIT" we laid a case for a counterrally, and we even upgraded the stock from a "7" on our pain scale, all the way to a "5". The thesis played out, despite some pressures from the macro side. PCH managed a double-digit total return since then and edged out SPDR S&P ETF (SPY) in a photo fini ...

Washington, D.C. 20549 Form 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ 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 ju ...

PotlatchDeltic Corporation (NASDAQ:PCH) Q3 2023 Results Conference Call October 31, 2023 12:00 PM ET Company Participants Eric Cremers - President, CEO Wayne Wasechek - VP, CFO Conference Call Participants Anthony Pettinari - Citi George Staphos - Bank of America Ketan Mamtora - BMO Capital Markets Kurt Yinger - D.A. Davidson Mark Weintraub - Seaport Research Partners Mike Roxland - Truist Securities Paul Quinn - RBC Capital Markets Operator Good morning. My name is Sarah, and I will be your conference ope ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 or ☐ 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 jurisdi ...

PotlatchDeltic Corporation (NASDAQ:PCH) Q2 2023 Earnings Conference Call August 1, 2023 12:00 PM ET Company Participants Wayne Wasechek - Interim VP and CFO Eric Cremers - President and CEO Conference Call Participants George Staphos - Bank of America Ketan Mamtora - BMO Michael Roxland - Truist Securities Kurt Yinger - D.A. Davidson Mark Weintraub - Seaport Research Partners Paul Quinn - RBC Capital Markets Buck Horne - Raymond James Operator Good morning. My name is Henry, and I will be your conference op ...

Financial Performance - Revenues for Q1 2023 were $258.0 million, a decrease of $153.4 million compared to Q1 2022, primarily due to lower lumber prices and fewer sales in Chenal Valley [101]. - Adjusted EBITDDA for Q1 2023 was $57.8 million, down from $245.6 million in Q1 2022, reflecting a decrease of $187.8 million [100]. - Total Adjusted EBITDDA for Q1 2023 decreased by $187.8 million compared to Q1 2022, primarily due to lower lumber prices and higher manufacturing costs [108]. - Cash Available for Distribution (CAD) for the first quarter of 2023 was $28.8 million, compared to $213.1 million in the same period of 2022 [146]. - Net cash from operating activities decreased by $191.2 million in Q1 2023, totaling $39.1 million compared to $230.3 million in Q1 2022 [123]. Cost and Expenses - Cost of goods sold increased by $44.5 million compared to Q1 2022, mainly due to inflationary price increases in diesel fuel, energy, and repair and maintenance [102]. - Selling, general and administrative expenses rose by $1.9 million compared to Q1 2022, driven by inflation and activities related to the CatchMark merger [103]. - Average lumber sales prices fell to $435 per MBF in Q1 2023, a decrease of $640 from $1,075 per MBF in Q1 2022 [118]. - Wood Products Adjusted EBITDDA for Q1 2023 was $(31,000), a decline of $149.98 million from $149.95 million in Q1 2022 [115]. - Real Estate Adjusted EBITDDA for Q1 2023 was $19.5 million, down $10.7 million from $30.1 million in Q1 2022, influenced by lower rural and development real estate sales [122]. Timber and Production - The company harvested 2.1 million tons of timber in Q1 2023, significantly higher than Q1 2022, due to the addition of CatchMark timberlands and favorable conditions [96]. - Total harvest volume increased by 617,285 tons to 2,077,091 tons in Q1 2023 compared to 1,459,806 tons in Q1 2022 [112]. - Lumber shipments in Q1 2023 totaled 262 million board feet, with expectations to ship between 270 and 280 million board feet in Q2 2023 [98]. - Timberlands Adjusted EBITDDA for Q1 2023 was $46.6 million, down $29.8 million from $76.4 million in Q1 2022, driven by a 49.9% increase in Southern region harvest volumes [114]. Debt and Financing - The company assumed and refinanced $277.5 million in long-term debt at attractive interest rates in connection with the CatchMark merger [105]. - Total outstanding net long-term debt was $1.0 billion as of March 31, 2023, with a fixed interest rate structure [131]. - The company has a $300 million revolving line of credit, with no borrowings under this facility as of March 31, 2023 [132]. - The interest coverage ratio was 16.1, significantly above the required minimum of 3.00, and the leverage ratio was 19%, below the maximum limit of 40% [136]. Market Conditions - The average 30-year fixed mortgage rate increased from approximately 4.7% in March 2022 to approximately 6.3% in March 2023, impacting housing starts [93]. - The annual inflation rate in the U.S. slowed to 5.0% in March 2023, while the Producer Price Index decreased to 2.7% [95]. - Market capitalization increased to $3.96 billion as of March 31, 2023, compared to $3.51 billion at the end of 2022 [138]. Cash Flow and Investments - Cash received from customers decreased by $151.1 million due to lower lumber prices and fewer land sales, partially offset by increased shipments from the Ola sawmill and higher harvest activity [126]. - Capital expenditures for the first quarter of 2023 were $10.4 million, down from $17.2 million in the same period of 2022, with a total expected capital expenditure of approximately $135 million to $145 million for the year [126][127]. - The company plans to invest approximately $131 million in the expansion and modernization of the Waldo sawmill, increasing its capacity from 190 million to 275 million board feet, with completion expected by the end of 2024 [128]. Risk Management - The company is exposed to interest rate risk on its bank credit facility, term loans, and interest rate swap agreements [150]. - Interest rate volatility affects existing variable rate debt instruments and future fixed or variable rate debt [150]. - The company utilizes interest rate swaps and forward starting swaps to hedge against interest rate changes on existing and future debt issuances [150]. - All market risk sensitive instruments are used for purposes other than trading [150]. - There has been no material change in market risk exposure since December 31, 2022 [151].