Core Viewpoint - PotlatchDeltic Corporation (PCH) is expected to report its fourth-quarter 2024 results on January 27, with mixed performance indicators suggesting potential challenges and opportunities in its financial results [1]. Financial Performance - In the last quarter, adjusted earnings and revenues exceeded the Zacks Consensus Estimate by 200% and 6.6%, respectively, but showed year-over-year declines of 71.4% and 4.1% [2]. - The Zacks Consensus Estimate for adjusted earnings per share has improved from a loss of 5 cents to a break-even point over the past 30 days, aligning with the year-ago quarter's figure [3]. - Revenue estimates are projected at $241.2 million, reflecting a 5.2% decline from the previous year [3]. Revenue Trends - The fourth-quarter revenue performance is anticipated to decline year-over-year due to seasonal slowdowns, lower lumber prices, and decreased Northern sawlog prices, compounded by reduced lumber shipments from planned downtime at the Waldo, AR sawmill [4]. - Increased sales of rural acres and residential lots, along with favorable pricing in the housing market, may partially mitigate these headwinds [5]. - Revenue estimates for the Timberlands and Wood Products segments are $98 million and $154 million, respectively, showing year-over-year growth, while the Real Estate segment is expected to decline to $20 million from $27.91 million [6]. Margin Analysis - The bottom-line performance is likely to be affected by inflationary pressures and rising costs, particularly in selling, general, and administrative expenses due to professional service fees and employee-related costs [7]. - Increased costs associated with rural real estate sales and higher log and haul costs are also expected to contribute to margin pressures [7]. - However, lower raw material, production, and shipping costs at the Waldo, AR sawmill, along with operational improvements, may help offset some of the negative impacts on margins [8]. Earnings Prediction - The current model does not predict a definitive earnings beat for PotlatchDeltic, as the company lacks a positive Earnings ESP and a favorable Zacks Rank [9]. - PCH has an Earnings ESP of 0.00% and holds a Zacks Rank of 3, indicating a neutral outlook [10].

Core Viewpoint - Appia Rare Earths & Uranium Corp. announced exceptional results from its diamond drilling program at the PCH project in Goias, Brazil, confirming high-grade mineralization in the carbonatitic breccia zone [1][2]. Group 1: Drilling Results - The diamond drilling program included three drill holes that intercepted significant amounts of Total Rare Earth Oxide (TREO), Niobium Oxide (Nb2O5), and Phosphate Oxide (P2O5) [1]. - Drill hole PCH-DDH-002 reported 150 metres at 1.14% TREO, 0.12% Nb2O5, and 2.76% P2O5 from surface, with notable intervals of higher grades [3]. - Drill hole PCH-DDH-003 showed 147.7 metres at 1.69% TREO, 0.18% Nb2O5, and 3.26% P2O5 from surface, including 58 metres at 2.19% TREO [3]. - Drill hole PCH-DDH-004 recorded 153 metres at 1.08% TREO, 0.15% Nb2O5, and 2.31% P2O5 from surface, with significant intervals of higher grades [3]. Group 2: Mineralization Potential - The results indicate that the PCH project may contain substantial high-grade carbonatitic style rare earths, in addition to Ionic Adsorption Clay (IAC) rare earth deposits [2]. - Mineralization is open at depth and in multiple directions (northeast, northwest, and southwest), suggesting potential for further resource expansion [7]. Group 3: Project Development Plans - The company is developing plans for an expansion/resource-definition drilling program and preliminary mineralogical-metallurgical test work on the diamond drill core [2]. - The favorable location of the PCH project provides easy access to road and power infrastructure, along with a supportive relationship with the local community [4]. Group 4: Quality Control and Analysis - The samples from the diamond drill holes were sent to ALS laboratory for analysis, ensuring rigorous quality control measures were implemented throughout the sampling and analytical processes [11][12]. - All analytical results have passed internal QA/QC review, confirming the reliability of the reported data [13].

Core Viewpoint - Potlatch (PCH) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which have a strong correlation with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Company Performance and Outlook - The recent upgrade for Potlatch suggests an improvement in the company's underlying business, which could lead to a higher stock price as investors respond positively [5][10]. - For the fiscal year ending December 2024, Potlatch is expected to earn $0.21 per share, reflecting a 51.2% decrease from the previous year, but the Zacks Consensus Estimate has increased by 8.5% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [9][10]. - The upgrade of Potlatch to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Thesis - PotlatchDeltic Corporation (PCH) is currently trading at a significant discount (73% of net asset value) due to recent commodity pricing weakness, but the outlook for lumber is improving, suggesting a potential doubling of EBITDA from 2024 levels [3][26]. Supply and Demand Dynamics - The supply of lumber is declining as major producers like Canfor and Interfor are closing mills and reducing output due to low prices and rising tariffs, with North American lumber capacity expected to decrease by over 3 billion board feet in 2024 [5][6][7]. - Demand for lumber is anticipated to increase, driven by a potential uptick in housing activity, as indicated by improved homebuilder confidence and favorable survey results [12][13][14]. Financial Performance and Valuation - PCH's EBITDA is projected to be $223.5 million in 2024, despite current challenges, with the company maintaining a positive EBITDA due to its cost advantages from owning timberlands [8][26]. - The volatility in PCH's EBITDA is notable, with figures ranging from negative $9.5 million in 3Q24 to $652.8 million in 2021, reflecting the cyclical nature of the lumber market [22][23][24]. - PCH's trailing EV/EBITDA is 11.38X, indicating substantial undervaluation compared to the market, especially given the expected recovery in lumber prices [26][27]. Future Catalysts - The upcoming 4Q24 earnings report on January 27th is seen as a potential catalyst for PCH's stock recovery, as the company may report higher-than-expected EBITDA due to recent increases in lumber prices [28][29].

Toronto, Ontario--(Newsfile Corp. - November 14, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that it secured one (1) additional mining claim on the Eastern border adjacent to its existing mineral claims at the PCH project through a public bidding process conducted by the Brazilian National Mining Agency ("Agencia Nacional de Mineração" or "ANM"). The new mining claim (see Map #1) will increase the ...

Potlatch (PCH) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earnings pi ...

Financial Data and Key Metrics Changes - Total adjusted EBITDDA for Q3 2024 was $46 million, a significant decrease from $103 million in Q2 2024, primarily due to a large land sale in the previous quarter [31] - Adjusted EBITDDA for the Timberlands division was $36 million, slightly higher than the previous quarter, with harvest volume in Idaho increasing to 427,000 tons from 365,000 tons [32] - Adjusted EBITDDA loss in the Wood Products segment widened from $7 million in Q2 to $10 million in Q3, driven by lower lumber prices and increased manufacturing costs [34] - The Real Estate segment generated $32 million in adjusted EBITDDA, down from $90 million in Q2, largely due to the absence of significant commercial land sales [37] Business Line Data and Key Metrics Changes - Timberlands division harvested 1.5 million tons in the South, consistent with Q2, while Southern pine sawlog prices remained stable despite slight moderation [33] - Wood Products segment saw average lumber price realization decrease by 5% from $423 per thousand board feet in Q2 to $402 in Q3, with shipments dropping to 267 million board feet [35][36] - Real Estate development business experienced increased EBITDDA due to higher residential lot sales, with 53 lots sold at an average price of $205,000, a record for the community [15] Market Data and Key Metrics Changes - Lumber markets hit cyclical lows early in Q3 but began to recover mid-quarter, with prices increasing from $359 to $418, a 16% rise [10] - The U.S. housing market showed resilience, with new home sales in September reaching the highest level in 16 months, despite elevated interest rates [24] - Multifamily construction faced challenges due to an oversupply of units and restrictive financing, while long-term housing fundamentals remained strong [25][26] Company Strategy and Development Direction - The company is focused on optimizing product mix, efficiently running mills, and managing costs to navigate challenging lumber markets [14] - The modernization and expansion project at the Waldo sawmill is expected to increase annual capacity by 85 million board feet and improve recovery by approximately 6% [13] - The company is exploring natural climate solutions, including solar development and lithium opportunities, which are anticipated to drive future growth [17][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the lumber market's recovery, attributing recent price increases to supply constraints and anticipated demand growth due to Federal Reserve interest rate cuts [54] - The company expects to harvest 1.8 million to 1.9 million tons in Q4, with a forecasted increase in Northern sawlog prices and improved production levels at the Waldo sawmill [44][45] - Long-term demand fundamentals in housing and repair and remodel sectors are expected to support growth, with anticipated increases in residential improvement spending [28][29] Other Important Information - The company repurchased $2 million worth of shares in Q3, with $98 million remaining under the repurchase program [23] - Total liquidity was reported at $460 million, including $161 million in cash [40] - Capital expenditures for the year are projected to be between $100 million and $110 million, with a significant portion allocated to the Waldo project [42] Q&A Session Summary Question: Recent uptick in lumber prices - Management indicated that the recent increase in lumber prices is largely supply-driven, with significant capacity reductions in the market [52] Question: Southern sawlog prices and inflation - Management expects log prices to improve as lumber markets recover, particularly in the Southeast region [60] Question: Northern sawlog pricing clarification - The anticipated increase in Northern sawlog prices includes a seasonal density factor [63] Question: Timeline for natural climate solutions contracts - Management is optimistic about solar options but expects significant impacts on P&L to materialize around 2026 [66] Question: Timberland deal activity - The timberland M&A market is currently sluggish, with a lack of high-quality properties available for sale [70] Question: Manufacturing costs in Wood Products - Management expects a significant drop in processing costs as the Waldo mill ramps up production [75] Question: Supply trade flow on lumber markets - Imports from Europe have decreased by about 10% this year, with expectations of moderated import levels [80] Question: Capital spending priorities for 2025 - Management is still in the budgeting process for 2025 and has not finalized capital spending plans [85]

Financial Performance - Potlatch (PCH) reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of a loss of $0.04 per share, representing an earnings surprise of 200% [1] - The company posted revenues of $255.13 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 6.58%, but down from $265.51 million year-over-year [2] - Over the last four quarters, Potlatch has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Potlatch shares have declined approximately 14% since the beginning of the year, contrasting with the S&P 500's gain of 21.8% [3] - The current Zacks Rank for Potlatch is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.11 on revenues of $234.8 million, and $0.02 on revenues of $1.02 billion for the current fiscal year [7] - The estimate revisions trend for Potlatch is mixed, and changes in earnings expectations may occur following the recent earnings report [6] Industry Context - The Building Products - Wood industry, to which Potlatch belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Potlatch's stock performance [5]

Toronto, Ontario--(Newsfile Corp. - October 23, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is excited to announce the commencement of its diamond drilling program in the southwest corner of Target IV. The goal of this program is to identify and delineate a possible Rare Earth Elements (REE) highgrade area at depth, identified by previous Reverse Circulation (RC) drilling (See January 16th 2024 Press Release), associated ...

This maker of fencing and decking products is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of +11.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Potlatch (PCH) came out with quarterly earnings of $0.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarter ...