PotlatchDeltic Corporation - PCH STOCK NEWS

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.

PotlatchDeltic implemented the SLAM (Stop, Look, Assess, Manage) process across all wood products facilities in 2021 as a risk assessment program. SLAM reinforces individual accountability and hazard awareness before tasks. Safety Managers introduced SLAM, followed by online training for Team Members. The process involves completing SLAM cards for upset conditions, non-routine tasks, or tasks without a written job safety analysis.

In 2023, SLAM continued to enhance safety protocols. The program was further refined and integrated into daily operations for all Maintenance tasks at the Warren facility. SLAM Card usage across the division showed significant changes: 6,392 in 2021, 19,494 in 2022, and 12,306 in 2023. The decrease in 2023 reflects the integration of Job Hazard Analyses (JHA) and procedural enhancements, indicating a more systematic approach to risk assessment.

PotlatchDeltic (Nasdaq: PCH) has announced the release of its third quarter 2024 earnings on Monday, October 28, after market close. The company will host a live conference call and webcast on Tuesday, October 29 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results.

Investors can access the webcast at www.potlatchdeltic.com via the Investors link or join the conference call using the following numbers:

• U.S./Canada: 1-888-510-2008
• International: 1-646-960-0306

Participants will need to provide the conference I.D. number 7281983. A replay of the call will be available until November 5, 2024, by calling 1-800-770-2030 (U.S./Canada) or 1-609-800-9909 (international) using the same I.D. number.

PotlatchDeltic has implemented a comprehensive timberland environmental management system (EMS) to achieve sustainable forest management objectives. The EMS includes:

• Training foresters and contractors
• Prescribing, monitoring, and inspecting forest management practices
• Tracking stakeholder feedback
• Internal inspections with implementation rates averaging 95% or higher
• Monthly regional reporting and annual business unit reviews

The EMS ensures compliance with regulations for wildlife conservation, biodiversity, and protection of water, fish, and endangered species. It also maintains third-party certifications under FSC® or SFI® standards for all timberlands. The system covers log sourcing for wood products facilities under SFI Fiber Sourcing and FSC Chain of Custody standards where applicable.

PotlatchDeltic emphasizes the importance of strong relationships with suppliers and contractors across its value chain. The company's Supplier Code of Conduct and Human Rights Policy outline expectations for these partners. Key aspects include:

1. Environmental compliance: Adherence to forestry regulations and best practices in timberlands and wood products facilities.

2. Human rights: Ethical treatment of workers, prohibition of harassment, and compliance with labor laws.

3. Safety: Commitment to worker safety in all environments.

4. Governance: Ethical business practices, protection of company assets, and compliance with anti-corruption laws.

PotlatchDeltic works with specialized contractors in timberlands and wood products facilities, emphasizing their expertise and local economic impact. The company maintains strict approval processes and ongoing monitoring for contractors, including safety training and performance evaluations.

PotlatchDeltic (PCH) has launched its Impacts podcast series, focusing on wildfire management in Idaho. The first episode features retired District Forester Rich McMillan discussing the company's approach to wildfire risk management. Key points include:

• Unique firefighting coordination due to checkerboard ownership patterns
• Increased measures for fire prevention and damage minimization
• Improved federal wildfire suppression through enhanced coordination
• The podcast series aligns with PotlatchDeltic's four Corporate Responsibility pillars: Forest, Planet, People, and Performance

This initiative demonstrates PotlatchDeltic's commitment to responsible forest management and environmental stewardship in the face of wildfire challenges.

PotlatchDeltic (PCH) is implementing forestry best management practices to protect water quality in Georgia and Alabama. The company is establishing hardwood streamside management zones (SMZs) in areas previously converted to pine plantations, which risked increased erosion. This process involves:

1. Creating a buffer zone around ephemeral channels
2. Removing existing pine trees from the buffer area
3. Protecting and promoting hardwood growth within the buffer
4. Recording and protecting these areas as young hardwood stands in their GIS mapping system

These efforts aim to enhance water quality, wildlife habitat, and biodiversity. The company believes this approach will better protect the litter layer on ephemeral channels during tree harvesting, as required by local BMPs.

PotlatchDeltic (Nasdaq: PCH) has completed construction of its modernization and expansion project at the Waldo, Arkansas sawmill. The $131 million strategic investment is expected to increase annual capacity by 85 million board feet, reaching a total of 275 million board feet per year. The project aims to improve recovery by 6% and reduce cash processing costs by approximately 30%.

The mill is now entering a 6 to 12-month ramp-up phase. Once fully operational, it is projected to generate an additional $25 million in Adjusted EBITDDA annually under mid-cycle conditions, with an expected internal rate of return of 22%. The modernization includes a new saw line, planer upgrade, continuous kiln, and a Fulghum Industries 170' 45-ton log crane.