PotlatchDeltic

PotlatchDeltic Corp. operates as a real estate investment trust. The firm engages in the ownership and management of acres of timberlands. It operates through the following segments: Timberlands, Wood Products and Real Estate. The Timberland segment sells delivered logs, pulpwood, sawlogs, and stumpage. The Wood Products segment produces and trades lumber, plywood and residuals. The Real Estate segment markets and sells land holdings. The company was founded in 1903 and is headquartered in Spokane, WA.

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PotlatchDeltic reports strong Q4 earnings, eyes growth amid challenges

PotlatchDeltic's Q4 2022 earnings call showcased a robust financial performance, strategic M&A activities, and a focus on ESG initiatives.
While facing challenges in operational segments and market vulnerabilities, the company is poised to capitalize on opportunities in housing, sustainability, and operational efficiency.
Analyst inquiries reflected a keen interest in key operational metrics, pricing trends, and future capital allocation strategies.
Overall, PotlatchDeltic's performance, strengths, challenges, and opportunities paint a comprehensive picture of a company navigating market dynamics with a strategic outlook.

PotlatchDeltic reports solid Q1 earnings, eyes growth in housing and ESG initiatives

PotlatchDeltic's Q1 performance showcased strength in Timberlands and Real Estate segments, with a positive outlook for housing construction. Challenges include stagnant lumber prices and limited share repurchases. Opportunities exist in steady demand for repair/remodel business and exploring high-value carbon projects.

PotlatchDeltic reports solid Q2 performance and eyes growth opportunities

PotlatchDeltic's Q2 performance reflects resilience and strategic initiatives amidst market challenges and operational disruptions.
The company's strong financial position, focus on efficiency, and exploration of new revenue streams position it well for future growth.
Anticipated improvements in Q3 across various segments indicate a positive outlook for PotlatchDeltic's financial performance and strategic direction.

PotlatchDeltic reports solid Q3 earnings amidst housing market challenges

PotlatchDeltic's Q3 performance reflects strength across segments, with a focus on sustainability and shareholder value. Challenges from market uncertainties and lower prices are being navigated strategically. Opportunities in housing fundamentals, solar deals, and capital allocation present avenues for growth.

PotlatchDeltic reports robust 2023 earnings, eyes growth in sustainability

PotlatchDeltic delivered strong financial performance in 2023, driven by record EBITDA in Timberlands and Real Estate segments. The company maintained a robust balance sheet, returned cash to shareholders, and pursued strategic acquisitions. Challenges in market dynamics and pulpwood pricing require attention, while opportunities in solar, carbon credits, and biomass products offer avenues for growth.
Overall, PotlatchDeltic's focus on sustainability, strong market fundamentals, and strategic initiatives position it well for future success. The company's cautious approach in addressing challenges and seizing opportunities demonstrates a balanced growth strategy.

PotlatchDeltic reports solid Q1 earnings, eyes growth in solar contracts

PotlatchDeltic's Q1 performance showcased strength in Timberlands and Real Estate segments, while Wood Products segment nears completion of a major modernization project. Challenges include moderation in Repair and Remodel segment demand and potential pricing challenges in carbon credit discussions. Opportunities exist in rural land sales, solar contracts, and environmental initiatives.

PotlatchDeltic reports robust Q2 earnings, eyes growth in climate solutions

PotlatchDeltic's Q2 performance was driven by strong real estate results, despite challenges in the Wood Products segment. The company is focusing on capital allocation, debt refinancing, and pursuing opportunities in natural climate solutions to drive future growth.

PotlatchDeltic reports solid Q3 earnings, eyes growth in real estate

PotlatchDeltic delivered a resilient performance in Q3 amidst challenging market conditions, driven by Real Estate segment's strength
Company faces challenges in Wood Products segment but is capitalizing on opportunities in natural climate solutions and capital allocation
Positive outlook for U.S. housing market and strategic focus on enhancing shareholder value through investments and returns

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PotlatchDeltic Corp. operates as a real estate investment trust, which engages in the ownership and management of acres of timberlands. It operates through the following segments: Timberlands, Wood Products, and Real Estate. The Timberland segment includes delivering logs, pulpwood, sawlogs, and stumpage. The Wood Products segment produces and trades lumber, plywood and residuals. The Real Estate segment is involved in marketing and selling land holdings. The company was founded in 1903 and is headquartered in Spokane, WA.

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Timberland REITs are hard to value on cashflows alone. Cyclicality of lumber prices often dictates short-term earnings.

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SPOKANE, Wash--( BUSINESS WIRE )--PotlatchDeltic Corporation (Nasdaq: PCH) announced today the tax treatment for its dividend distributions made in 2022 on the company's Common Stock (CUSIP# 737630103).

PotlatchDeltic Announces Tax Treatment for 2022 Dividend Distributions

CatchMark Timber Trust

SPOKANE, Wash.--( BUSINESS WIRE )--PotlatchDeltic Corporation (Nasdaq: PCH) announced today the tax treatment for CatchMark Timber Trust, Inc.'s (NYSE: CTT) dividend distributions made in 2022 on CatchMark's Common Stock (CUSIP# 14912Y202). In 2022, CatchMark paid a total of $0.15 per share in cash dividends prior to completing its merger with PotlatchDeltic Corporation on September 14, 2022.

PotlatchDeltic Announces Tax Treatment for CatchMark's 2022 Dividend Distributions

PotlatchDeltic Corporation's Timberland segment should benefit from favorable long-term demand characteristics for lumber and housing. PotlatchDeltic is trading at an attractive valuation in comparison to both its historical multiples and peers.

PotlatchDeltic: Why Invest In Timberland?

Considering investing in timberland? These timberland REITs can give you the returns without the headache of self-management.

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SPOKANE, Wash.--( BUSINESS WIRE )--PotlatchDeltic Corporation (Nasdaq: PCH) will release fourth quarter earnings on Monday, January 30, after the market closes. The company will hold a live conference call and webcast on Tuesday, January 31 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results.

PotlatchDeltic Scheduled to Release Fourth Quarter 2022 Earnings on January 30, 2023

SPOKANE, Wash.--( BUSINESS WIRE )--PotlatchDeltic Corporation (Nasdaq: PCH) today announced it has established a 2030 greenhouse gas (GHG) emissions reduction target for Scope 1 and Scope 2 emissions of 42 percent and a Scope 3 value chain GHG emissions reduction target of 25 percent from a 2021 baseline. The targets are in accordance with the non-FLAG Science Based Targets Initiative (SBTi) to keep global temperature increases to less than 1.5°C compared to pre-industrial levels and a commitment letter will be submitted to SBTi for validation in 2023. Key components of the initiative include increased utilization of wood residuals, electrification of mobile equipment, energy efficiency efforts, the purchase of green power from electricity suppliers, and working with our value chain. The Company also committed to a goal to achieve net-zero GHG emissions by 2050, including the development of non-FLAG SBTi 2050 GHG reduction targets.

PotlatchDeltic Commits to GHG Reduction Targets

PotlatchDeltic's (PCH) strong capital allocation strategy and business investments bode well.

PotlatchDeltic (PCH) Boosts Investors' Value, Raises Dividend

SPOKANE, Wash.--( BUSINESS WIRE )--The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) declared a Special Dividend on the Company's common stock. The distribution of $0.95 per share is payable December 30, 2022 to stockholders of record on December 21, 2022.

PotlatchDeltic Board Declares $0.95 Special Dividend and Increases Regular Distribution 2.3%

Rising interest rates and a struggling U.S. housing market are major headwinds for timber and forest REITs. Earnings volatility and growth risks are apparent with PotlatchDeltic.

PotlatchDeltic: A Timber REIT Just Not Cutting It In A Tough Macro Environment

PotlatchDeltic Corporation (NASDAQ:PCH ) Q3 2022 Earnings Conference Call October 25, 2022 12:00 PM ET Company Participants Jerry Richards - Vice President & Chief Financial Officer Eric Cremers - President & Chief Executive Officer Conference Call Participants Mark Weintraub - Seaport Global Kurt Yinger - D.A. Davidson George Staphos - Bank of America Ketan Mamtora - BMO Capital Markets Mike Roxland - Truist Securities Paul Quinn - RBC Capital Markets Operator Good morning.

PotlatchDeltic Corporation (PCH) Q3 2022 Earnings Call Transcript

Potlatch (PCH) delivered earnings and revenue surprises of 7.25% and 3.65%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Potlatch (PCH) Q3 Earnings and Revenues Beat Estimates

PotlatchDeltic Corporation Reports Third Quarter 2022 Results

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SPOKANE, Wash.--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) will release third quarter earnings on Monday, October 24, after the market closes. The company will hold a live conference call and webcast on Tuesday, October 25 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

PotlatchDeltic Scheduled to Release Third Quarter 2022 Earnings on October 24, 2022

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SPOKANE, Wash.--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) today issued its inaugural Carbon and Climate Report. The report quantifies the carbon removals, storage, and greenhouse gas emissions associated with our operations in 2021. Overall, PotlatchDeltic is significantly carbon negative as 2021 net carbon removals and storage exceed our scope 1, 2, and 3 greenhouse gas emissions. In addition, the report evaluates the potential physical impacts of temperature and precipitation

PotlatchDeltic Corporation Issues 2021 Carbon and Climate Report

PotlatchDeltic's (PCH) strategic investment to expand its REIT business bode well.

PotlatchDeltic (PCH) Completes Merger With CatchMark, Stock Up

SPOKANE, Wash. & ATLANTA--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) (“PotlatchDeltic”) announced today the successful completion of the previously announced merger of CatchMark Timber Trust, Inc. (“CatchMark”) with PotlatchDeltic in an all-stock transaction, creating a leading integrated timber REIT. All closing conditions have been met. The combination brings together two high quality timberland REITs resulting in PotlatchDeltic owning nearly 2.2 million acres of diversified ti

PotlatchDeltic and CatchMark Complete Merger

ATLANTA , Sept. 13, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE: CTT) ("CatchMark" or the "Company") announced that, at the special meeting of stockholders (the "Special Meeting") held today, its stockholders approved the merger of CatchMark with and into a wholly owned subsidiary of PotlatchDeltic Corporation (NASDAQ: PCH) ("PotlatchDeltic"), pursuant to the terms of the Agreement and Plan of Merger, dated as of May 29, 2022 (the "Merger Agreement").

CatchMark Timber Trust, Inc. Stockholders Approve Merger with PotlatchDeltic Corporation

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Let's see if PotlatchDeltic Corporation (PCH) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Is PotlatchDeltic (PCH) Stock a Good Pick for Value Investors?

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While still outperforming the REIT Index this year, timber and farmland REITs have pulled back amid cooling inflation expectations, slumping global commodity demand, and regional weather complications. A hedge on chaos? Amid indications that the Russia-Ukraine conflict may drag on indefinitely, we expect continued global market share gains for North American producers of the disrupted agricultural products.

Land REITs: Hedge Inflation - And Chaos

PotlatchDeltic has benefited from high lumber prices over the last three years that were a result of increasing housing demand. Lumber prices have been falling significantly as mortgage rates climb higher and the demand for housing subsides.

PotlatchDeltic: The 3.8% Yield Is Tempting But In A Cyclical Decline

External trends are against the company while the management has to consolidate the newly acquired CatchMark Timber. Sawmill and labor costs are rising, energy prices and transportation costs are also on the rise, and at the same time, the housing market is slowing down.

PotlatchDeltic: External And Internal Challenges On The Horizon

News for PotlatchDeltic Stock (PCH)