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.
PotlatchDeltic Corporation (NASDAQ: PCH) is a leading Real Estate Investment Trust (REIT) in the United States, specializing in the ownership and management of timberlands. With 1.8 million acres spread across Alabama, Arkansas, Idaho, Louisiana, Minnesota, and Mississippi, the company plays a critical role in sustainable forest management. PotlatchDeltic's operations are divided into three main segments: timberlands, wood products, and real estate.
The timberlands segment is involved in planting and harvesting trees, as well as constructing and maintaining access roads. PotlatchDeltic has been a pioneer in sustainable forestry and was the first publicly traded company in the U.S. to become FSC certified. Their commitment to environmental and social responsibility is evident through third-party certifications by the Sustainable Forestry Initiative® (SFI®) and the Forest Stewardship Council® (FSC®).
The wood products segment focuses on manufacturing and distributing lumber, plywood, and other wood products. The company operates six sawmills and an industrial-grade plywood mill, ensuring a steady supply chain for their diverse customer base.
In the real estate segment, PotlatchDeltic engages in residential and commercial real estate development, as well as a rural timberland sales program. This segment also covers sales generated from company-owned timberlands.
PotlatchDeltic’s recent achievements include successful third-party re-certifications for sustainable forestry and the introduction of innovative practices like using drones for herbicide application. Their continuous performance improvement strategy and employee development programs ensure a skilled and motivated workforce.
The company also actively engages with local communities by allowing public recreational access to their timberlands, promoting outdoor activities like hunting, fishing, and camping. This not only underscores their commitment to social responsibility but also strengthens community ties.
Financially, PotlatchDeltic remains robust, with the timberlands and wood products segments driving the majority of the revenue. Their focus on sustainable practices and strategic investments positions them well for future growth and stability.
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.
PotlatchDeltic is undertaking a significant tree planting initiative in Idaho, aiming to plant 6 million seedlings over 15,000 acres in six to eight weeks. This process involves an 18-month preparation period, including seedling growth in nurseries across the Pacific Northwest and southern British Columbia. Over 90% of the seedlings come from first-generation tree improvement programs, with more than 70% sourced from PotlatchDeltic's Cherrylane Seed Orchard. The planting season is compressed due to Idaho's climate and terrain, requiring precise timing to ensure seedling survival. Over 200 people are involved in the peak planting season, planting more than 280,000 seedlings daily. The initiative also aims to reduce costs and resource inputs by decreasing seedling stock size. Manual hand planting is necessary due to the terrain, with planters carrying up to 300 seedlings at a time. The effort relies on H-2B temporary labor visas, and the process is heavily regulated to ensure job availability for American citizens. This reforestation effort is critical for regulatory, environmental management, and wildlife benefits.
FAQ
What is the current stock price of Potlatchdeltic Corporation (PCH)?
What is the market cap of Potlatchdeltic Corporation (PCH)?
What does PotlatchDeltic Corporation do?
Where are PotlatchDeltic's timberlands located?
What certifications does PotlatchDeltic hold?
How does PotlatchDeltic contribute to sustainable forestry?
What products does PotlatchDeltic manufacture?
Does PotlatchDeltic offer public access to their timberlands?
What recent achievements has PotlatchDeltic made in sustainability?
How does PotlatchDeltic support employee development?
What role does PotlatchDeltic play in community engagement?
What are the main revenue drivers for PotlatchDeltic?
