Welcome to our dedicated page for Potlatchdeltic Corporation news (Ticker: PCH), a resource for investors and traders seeking the latest updates and insights on Potlatchdeltic Corporation stock.
Company Overview
PotlatchDeltic Corporation (PCH) is a diversified timberland real estate investment trust (REIT) that manages vast forest assets across multiple states. With a deep-rooted commitment to sustainable forest management and environmental stewardship, the company integrates extensive timberland holdings with wood products manufacturing and real estate development. Utilizing an integrated business model, PotlatchDeltic is actively involved in managing millions of acres of forest lands, operating sawmills, and an industrial-grade plywood mill, and leveraging its land assets for both recreational use and property development.
Core Business Areas
The company’s operations span several core areas:
- Timberland Management: The foundation of its business, involving careful stewardship of extensive forest lands to produce high-quality timber and sustain ecosystem health.
- Wood Products Manufacturing: Processing timber into various value-added wood products through its sawmills and industrial-grade facilities.
- Real Estate Development: Developing residential and commercial properties by leveraging its expansive land portfolio.
Sustainable Forest Management
PotlatchDeltic emphasizes sustainable practices across its operations. Implementing comprehensive environmental management systems (EMS) and best management practices (BMPs), the company ensures that timber harvesting is executed responsibly to protect water quality, wildlife habitats, and biodiversity. This strategy not only maintains the health of forest ecosystems but also supports recreational access, enabling public engagement with nature through controlled leases for camping, hiking, and other outdoor activities.
Operational Excellence and Employee Development
Operational excellence is achieved through robust safety protocols, continuous performance improvement strategies, and comprehensive employee training programs. The company fosters a culture of development by setting meaningful annual goals, providing ongoing feedback, and implementing succession planning. These measures ensure that team members are well-equipped to meet the challenges of the industry, thereby enhancing overall operational efficiency and safety standards across all facilities.
Market Significance and Competitive Landscape
Within the competitive forestry and land management sector, PotlatchDeltic stands out through its diversified approach. The combination of timberland management, wood products manufacturing, and real estate development provides a multifaceted revenue model that adapts to shifting market demands. By integrating sustainable practices with community-focused initiatives—such as public recreational leases—the company not only maximizes asset value but also reinforces its role as a responsible steward of natural resources.
This comprehensive approach, underscored by industry-specific practices and strategic organizational initiatives, situates PotlatchDeltic Corporation as a well-rounded and reliable entity in the timberland REIT sector. Whether evaluating its operational methods or its commitment to sustainable and safe practices, investors and industry followers can gain a deep understanding of how the company harnesses its extensive assets within the broader forestry landscape.
PotlatchDeltic (PCH) has announced it will release its first quarter 2025 earnings on Monday, April 28, 2025, after market close. The company will host a live conference call and webcast to discuss the results on Tuesday, April 29, 2025, at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time).
Investors can access the webcast through the company's website at www.potlatchdeltic.com via the Investors link. For those joining by phone, U.S./Canada participants can dial 1-888-510-2008, while international callers should use 1-646-960-0306, with conference ID 7281983. A replay will be available until May 6, 2025.
PotlatchDeltic (Nasdaq: PCH) has announced its executive participation in three major investor conferences in early 2025. President and CEO Eric J. Cremers and VP/CFO Wayne Wasechek will present company overviews at:
- The BofA Global Agriculture and Materials Conference on February 27 at 1:15 PM ET
- The 46th Annual Raymond James Institutional Investors Conference on March 3 at 8:05 AM ET
- The Citi Global Property CEO Conference on March 4 at 7:30 AM ET
Live audio webcasts will be accessible through PotlatchDeltic's website investor page, with recordings available for approximately 30 days post-presentation.
PotlatchDeltic (Nasdaq: PCH) has announced its board of directors has declared a quarterly distribution of $0.45 per share on the company's common stock. The distribution will be payable on March 31, 2025, to stockholders of record as of March 7, 2025.
PotlatchDeltic (PCH) has signed a mineral lease agreement with TETRA Brine Leaseco , granting exclusive rights for brine exploration and production on approximately 900 surface acres in Lafayette County, Arkansas. The area is located within a high-grade region of the Smackover Formation, known for its lithium reserves.
The lease includes an initial five-year term for planning, engineering, and construction before potential production begins. The agreement provides for lease payments, future production payments for bromine, and royalty payments for profitable lithium extraction, with rates to be set by the Arkansas Oil and Gas Commission.
The company estimates having 5,000-7,000 acres with lithium-bearing opportunities in the high-grade Smackover Formation area, where significant lithium-related investments have been announced. PotlatchDeltic is currently in lease discussions with other parties.
PotlatchDeltic (PCH) reported Q4 2024 net income of $5.2 million ($0.07 per share) on revenues of $258.1 million, compared to a net loss of $0.1 million in Q4 2023. Full-year 2024 net income was $21.9 million ($0.28 per share) on revenues of $1.1 billion, down from $62.1 million ($0.77 per share) in 2023.
Key 2024 highlights include: Generated Total Adjusted EBITDDA of $232.1 million with 22% margin; completed Waldo, Arkansas sawmill expansion; sold 34,100 acres of Southern timberlands for $57 million; acquired 16,000 acres of mature Southern timberlands for $31 million; repurchased 847,000 shares for $35 million; refinanced $176 million in debt at below market rates; maintained $451 million liquidity.
Q4 2024 saw improved lumber prices at $445 per MBF (up 11% from Q3), while Timberlands revenue decreased due to seasonal factors. The Real Estate segment sold 5,919 acres of rural land at $2,923 per acre and 45 residential lots at $101,400 per lot.
PotlatchDeltic (PCH) has disclosed the tax treatment for its 2024 dividend distributions on Common Stock. The company distributed a total of $1.80 per share throughout 2024, paid in four equal quarterly installments of $0.45 per share. These distributions are classified as 100% Capital Gain Distributions for income tax purposes, subject to the long-term 20% rate.
The dividends were paid on the following dates: March 29, June 28, September 30, and December 31, 2024, with corresponding record dates of March 8, June 7, September 13, and December 16, 2024. The company notes that all capital gain dividends relate to IRC Section 1231 gains, with one-year and three-year amounts disclosures of $0.00 for holders of applicable partnership interests.
PotlatchDeltic (Nasdaq: PCH) has announced its upcoming fourth quarter 2024 earnings release, scheduled for Monday, January 27, 2025, after market close. The company will host a live conference call and webcast the following day, Tuesday, January 28, at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time).
Investors can access the webcast through the Investors section of www.potlatchdeltic.com. Conference call access is available at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international callers, using conference ID 7281983. A replay will be available for one week until February 4, 2025, accessible at 1-800-770-2030 (U.S./Canada) or 1-609-800-9909 (international).
PotlatchDeltic has detailed its electrician apprenticeship program at its St. Maries, Idaho facility. The program combines online/classroom coursework with practical experience, requiring apprentices to complete 8,000 hours of on-the-job work experience and enroll in accredited schools like North Idaho College or College of Southern Idaho.
The program spans four years with eight levels, requiring 144 hours of annual instruction (576 total hours). Training covers electrical codes, wiring, troubleshooting, motor installation, controls, and PLC classes. Currently, nine apprentices are at various stages of training, with eight apprentices achieving journeyman status over the past five years.
Electricians at the facility maintain important operations, ensuring compliance with OSHA safety protocols and managing essential systems like lock out/tag out. Their responsibilities include wiring installation, blueprint interpretation, system repairs, and providing input on electrical systems' longevity for capital planning.
PotlatchDeltic highlights its participation in Voluntary Protection Programs (VPP), demonstrating excellence in workplace safety across multiple facilities. The company's Gwinn, Michigan facility maintains Star Worksite status in MVPP since 2013, recognized for its safety vision and 90-day Safety Passport onboarding process. The Bemidji, Minnesota facility has held MNSTAR status since 2001, earning the Minnesota Safety Council's Governor's Safety Award in 2022. The St. Maries, Idaho lumber and plywood facilities have been VPP Star sites since 2000, featuring exemplary lockout/tagout procedures and employee-engaged safety processes.
PotlatchDeltic (Nasdaq: PCH) announced that its board of directors has declared a quarterly distribution of $0.45 per share on the company's common stock. The distribution will be paid on December 31, 2024, to stockholders of record as of December 16, 2024.
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