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 Corporation (Nasdaq:PCH) reported a fire at its Ola, Arkansas sawmill on June 13, resulting in damage primarily to the log breakdown area. Fortunately, there were no injuries or environmental impacts. The planer mill, kiln, and shipping department remained unaffected. The company is assessing the extent of the damage to determine downtime and repair costs, preparing an insurance claim as well. Log deliveries will be redirected to other mills, although harvesting may be impacted. The Ola sawmill employs around 148 people and has a capacity of 150 million board feet annually.
PotlatchDeltic Corporation (Nasdaq:PCH) will present at Nareit’s REITweek: 2021 Virtual Investors Conference on June 9, 2021, at 4:00 PM ET. CEO Eric J. Cremers and CFO Jerald W. Richards will provide a company overview to investors. Live or on-demand access requires registration on the REITweek website. An archived webcast will be available on PotlatchDeltic's investor site for 90 days following the event.
PotlatchDeltic, a leader in sustainable forest practices, manages 1.8 million acres of timberlands across several states and operates sawmills and a real estate development business.
PotlatchDeltic Corporation (Nasdaq: PCH) has released its 2020 Environmental, Social, and Governance (ESG) Report, emphasizing its commitment to environmental stewardship and sustainable value creation. The report aligns with guidelines from the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD), and supports the UN Sustainable Development Goals. CEO Eric Cremers noted the favorable impact of climate change on timber growth and highlighted opportunities in carbon sequestration through forest management.
The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) has announced a quarterly distribution of $0.41 per share, payable on June 30, 2021, to stockholders of record as of June 4, 2021. PotlatchDeltic is a leading Real Estate Investment Trust (REIT) with approximately 1.8 million acres of timberlands across several states and operations that include sawmills and real estate development. The company emphasizes sustainable forest management and responsible governance.
PotlatchDeltic Corporation (Nasdaq:PCH) reported impressive Q1 2021 results with a net income of $131.1 million, or $1.94 per diluted share, compared to a net loss of $16.8 million in Q1 2020. Revenues increased to $354.2 million from $208.9 million year-over-year. Adjusted EBITDDA reached a record $195.0 million, representing a margin of 55%. The Wood Products and Timberlands segments performed exceptionally well, benefiting from historic lumber prices. Despite strong overall performance, the Real Estate segment saw a significant decline in Adjusted EBITDDA due to a previous land sale.
PotlatchDeltic Corporation (NASDAQ: PCH) is set to release its first quarter earnings on April 26, 2021, after market close. A live conference call and webcast will follow on April 27, 2021, at 9:00 a.m. PT to discuss the results. Investors can access the webcast via the Investors link on the company's website or by calling designated numbers for U.S./Canada and international participants. PotlatchDeltic operates over 1.8 million acres of timberlands and is recognized for its sustainable forest practices.
PotlatchDeltic Corporation has announced significant changes to its Idaho Recreation Program, effective May 10 through October 20 annually. Campfires and open burning are prohibited, except at leased campsites, with a full burn ban potentially issued during high fire danger. The company will no longer provide firewood permits due to wildfire risks. Moreover, season-long camping permits are being replaced with leased campsite options, while 14-day camping permits will remain available, subject to proximity restrictions to leased sites. Visitors are urged to exercise caution regarding fire safety.
PotlatchDeltic Corporation (NASDAQ: PCH) has announced that Eric J. Cremers, CEO, and Jerald W. Richards, CFO, will present at three upcoming virtual Investor Conferences. The events include the Raymond James Institutional Investors Conference on March 1, the Bank of America Global Agriculture & Materials Conference on March 3, and the Citi Virtual Global Property CEO Conference on March 10. Live webcasts of the presentations will be available on PotlatchDeltic's website, alongside archived versions for 90 days.
The board of directors of PotlatchDeltic Corporation (NASDAQ: PCH) has declared a quarterly distribution of $0.41 per share. This distribution is scheduled for payment on March 31, 2021, to stockholders of record as of March 5, 2021. PotlatchDeltic is a leading Real Estate Investment Trust owning approximately 1.8 million acres of timberlands across six states. In addition, the company operates sawmills and engages in residential and commercial real estate development, underscoring its commitment to sustainable forest management.
PotlatchDeltic Corporation (Nasdaq:PCH) reported a strong financial performance for Q4 2020, with net income at $100 million ($1.48 per diluted share) on revenues of $337.4 million, a significant increase from $11.4 million in Q4 2019. For the full year, net income reached $166.8 million ($2.47 per diluted share), up from $55.7 million in 2019. Key highlights include record Total Adjusted EBITDDA of $382.2 million and a strong liquidity position of $631 million. Despite a decline in Wood Products EBITDDA, the strong demand for lumber and successful real estate transactions contributed positively to the overall results.
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