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 (PCH) News on Stock Titan focuses on developments affecting this timber-focused Real Estate Investment Trust and its investors. PotlatchDeltic publicly describes itself as a leading REIT with ownership of approximately 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina, along with wood products manufacturing and real estate activities.
News coverage for PCH commonly includes quarterly earnings releases, where the company reports revenues, net income, Total Adjusted EBITDDA, and segment performance for Timberlands, Wood Products, and Real Estate. These updates often explain changes in harvest volumes, lumber prices, log and haul costs, manufacturing costs, and rural land and real estate sales activity.
Investors can also follow PotlatchDeltic’s regular board actions regarding quarterly distributions on its common stock. Multiple press releases document the declaration of distributions, including the per-share amount, record dates, and payment dates, reflecting the company’s REIT distribution practices.
Another key category of news involves corporate transactions and capital structure decisions. Recent items include the announcement of an all-stock merger of equals with Rayonier Inc., described as creating a leading domestic land resources owner and top-tier lumber manufacturer, and the refinancing of term loans under an amended term loan agreement. These announcements provide insight into PotlatchDeltic’s strategic direction and financing arrangements.
PotlatchDeltic also issues news related to corporate responsibility, such as the release of its Corporate Responsibility Report, which highlights accomplishments in sustainable forest management, climate-related initiatives, safety, community support, and responsible sourcing. Conference participation and investor presentations are additional recurring topics, with details on webcasts and replays for those seeking management commentary.
By reviewing the PCH news feed, readers can track financial performance, dividend decisions, major transactions like the pending Rayonier merger, and sustainability reporting, all of which shape the company’s long-term profile.
PotlatchDeltic Corporation (Nasdaq: PCH) and CatchMark Timber Trust (NYSE: CTT) announced a definitive agreement for an all-stock merger. This combination aims to create a timber REIT with approximately 2.2 million acres of diversified timberlands, enhancing shareholder value. PotlatchDeltic's market capitalization post-merger is projected to exceed $4 billion, with total enterprise value over $5 billion. The transaction, providing a 55% premium on CatchMark’s stock price, is set to close in H2 2022, pending stockholder approval.
PotlatchDeltic Corporation (NASDAQ: PCH) released its 2021 ESG Report, showcasing its dedication to environmental stewardship and community support. The report highlights achievements such as the removal of 4.9 million metric tons of CO2e, planting 23 million seedlings, and maintaining record-low injury severity rates. The company emphasizes enhancing board diversity and integrating ESG into management performance goals. PotlatchDeltic's commitment to sustainable practices aligns with frameworks like SASB and TCFD, reflecting its aim to create lasting shareholder value.
PotlatchDeltic Corporation (Nasdaq: PCH) has announced a quarterly distribution of $0.44 per share on its common stock. This distribution is set to be paid on June 30, 2022, to stockholders recorded by June 3, 2022. PotlatchDeltic, a leading Real Estate Investment Trust (REIT), manages approximately 1.8 million acres of timberlands across six states and operates multiple sawmills and a plywood mill. The company emphasizes its commitment to sustainable forest practices and responsible governance.
PotlatchDeltic Corporation (Nasdaq: PCH) reported a strong performance for Q1 2022, with net income of $163.9 million, or $2.35 per diluted share, on revenues of $411.4 million. Adjusted net income was $174.6 million, yielding $2.50 per diluted share. Highlights include a record Total Adjusted EBITDDA of $245.6 million and a robust liquidity position of $770 million. The company increased its regular dividend by 7.3% to $0.44 per share. Timberlands and Wood Products segments showed significant revenue growth, driven by higher prices and favorable conditions.
PotlatchDeltic Corporation (Nasdaq: PCH) is set to release its first quarter earnings on April 25, after market close. A live conference call will be held on April 26 at 9:00 a.m. PT to discuss these results. Investors can access the webcast via the company’s website or by calling designated numbers for the U.S. and international audiences. PotlatchDeltic manages about 1.8 million acres of timberlands across several states and operates multiple sawmills and a plywood mill, emphasizing sustainable forest management practices.
PotlatchDeltic Corporation (Nasdaq: PCH) announced an agreement to purchase a $70 million group annuity contract from American General Life Insurance Company. This transaction, effective June 1, 2022, allows American General Life to manage pension obligations for select retirees. Funded with plan assets, the company transfers the premium amount on March 17, 2022. The pension plan will remain well-funded, and benefits for participants will not change. PotlatchDeltic will incur a noncash pension settlement charge in Q1 2022, enhancing its balance sheet by reducing exposure to pension liability volatility.
PotlatchDeltic Corporation (Nasdaq: PCH) announced an upcoming series of presentations at investor conferences. Eric J. Cremers, CEO, and Jerald W. Richards, CFO, will provide a company overview at:
- BofA Securities Global Agriculture & Materials Conference on March 3 at 8:10 AM ET
- 43rd Annual Raymond James Institutional Investors Conference on March 8 at 11:35 AM ET
- 2022 Citi Global Property CEO Conference on March 9 at 9:00 AM ET
Webcasts will be available on PotlatchDeltic's investor page and archived for 30 days post-presentation.
The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) has declared a quarterly distribution of $0.44 per share. This payment is scheduled for March 31, 2022, to stockholders of record on March 4, 2022. PotlatchDeltic is a leading Real Estate Investment Trust (REIT) owning approximately 1.8 million acres of timberlands across several states, including Alabama and Idaho. The company is also involved in sustainable forestry, real estate development, and timber sales.
PotlatchDeltic Corporation (Nasdaq: PCH) reported Q4 2021 net income of $39.2 million, or $0.58 per diluted share, with revenues of $248.4 million. For the full year, net income reached $423.9 million, or $6.26 per diluted share, on revenues of $1.3 billion. Highlights include a record Total Adjusted EBITDDA of $652.9 million, significant returns to shareholders of $388 million through dividends, and strong liquidity of $595 million. However, Timberlands Adjusted EBITDDA dropped due to lower sawlog prices, while Wood Products experienced increased EBITDDA driven by elevated lumber prices.
PotlatchDeltic Corporation (NASDAQ: PCH) announced the tax treatment for its 2021 dividend distributions totaling $5.67 per share. The breakdown includes 68.25% as capital gains, 3.11% as qualified dividends, and 28.63% as non-dividend distributions. Key dates include the record date of March 5, 2021 and payment dates ranging from March 31 to December 31, 2021. Shareholders are advised to consult tax advisors for specific treatment of these distributions, which may impact their tax filings.