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) has lifted the temporary public access ban on its Idaho timberlands, effective August 27, following a decline in fire risk due to recent rainfall and lower temperatures. Recreational activities such as camping, hunting, and fishing are now permitted, though campfires remain banned and motorized vehicle access is restricted to open, ungated roads. The company encourages visitors to exercise caution regarding fire safety while enjoying the outdoor recreation opportunities available on its lands.
PotlatchDeltic Corporation (Nasdaq: PCH) reported a net income of $187.9 million, or $2.77 per diluted share, for Q2 2021, up from $2.6 million in Q2 2020. Revenues reached $447.5 million, driven by record wood product prices and a Total Adjusted EBITDDA of $275.0 million. Timberlands and Wood Products segments reported Adjusted EBITDDA of $77.2 million and $204.6 million, respectively. Despite challenges from a sawmill fire, the company maintains strong liquidity of $891 million and plans a special dividend in Q4 2021.
PotlatchDeltic Corporation (Nasdaq: PCH) has announced an immediate suspension of public access to its Idaho timberlands due to severe fire danger. This measure, in effect until further notice, is aimed at ensuring public safety and protecting wildlife during extreme fire conditions. All public use, including roads and campsites, is prohibited, with vacating of leased campsites required by August 1, 2021. This decision aligns with the Idaho Department of Fish and Game’s Large Tracts Program, and similar actions have been taken by other landowners in the area.
PotlatchDeltic Corporation (Nasdaq: PCH) has appointed Ashlee Cribb as Vice President of Wood Products, effective July 28, succeeding Tom Temple, who retires later this year. Ashlee brings over 30 years of industry experience, notably from her previous role as Senior Vice President at Roseburg Forest Products. She holds an MBA from Washington University and a degree in chemical engineering from Georgia Institute of Technology. Cribb aims to enhance operational excellence and value delivery for customers and shareholders.
PotlatchDeltic Corporation has implemented immediate restrictions on motorized recreational vehicle use in Idaho due to severe fire danger. Effective until further notice, motorized vehicles are restricted to open, ungated roads; ATVs and motorcycles are prohibited behind gates. Additionally, ORV and 14-day camping permit sales have been temporarily curtailed, and campfires are banned. The company urges caution for visitors to Idaho’s forests during this high-risk fire season.
PotlatchDeltic Corporation (Nasdaq: PCH) is set to announce its second quarter earnings on July 26, after market close. Following this, a live conference call will be held on July 27 at 9:00 a.m. PT (12:00 p.m. ET) for discussions on the results. Investors can join via the company's website or by calling specific numbers for U.S. and international participants. PotlatchDeltic is a prominent REIT with approximately 1.8 million acres of timberlands across six states and operates sawmills and a real estate development business.
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.
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