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 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.
PotlatchDeltic Corporation (NASDAQ: PCH) has announced the tax treatment for its 2020 dividend distributions, totaling $1.61 per share, all of which are classified as 100% Capital Gain Distributions. Shareholders will receive distributions of $0.40 per share for the first three quarters and $0.41 for the fourth quarter. The record and payable dates for these dividends range from March 6 to December 15, 2020. Shareholders are advised to consult tax professionals for specific tax implications.
PotlatchDeltic Corporation (NASDAQ: PCH) will announce its fourth quarter earnings on February 1, after market close. A live conference call is scheduled for February 2 at 9:00 a.m. PT (12:00 p.m. ET) to discuss the results. Interested parties can join via PotlatchDeltic's website or by calling specified numbers for the conference. The company is a prominent REIT, owning around 1.8 million acres of timberlands across several states and operating sawmills and a real estate development business.
PotlatchDeltic Corporation (NASDAQ: PCH) has announced a quarterly dividend of $0.41 per share, set for payment on December 31, 2020, to shareholders recorded by December 15, 2020. This reflects a 2.5% increase from the previous dividend of $0.40. The company emphasizes its commitment to shareholder returns through a growing dividend and share repurchases, having increased dividends by 32% per share since 2012 and repurchased $41 million in shares over the last two years.
PotlatchDeltic Corporation (NASDAQ: PCH) will present an overview at the RBC Capital Markets Annual Forest Products Conference on December 2, 2020, at approximately 1:35 pm Eastern Time, led by President and COO Eric J. Cremers. Interested investors can access the live webcast on the company’s website and an archived version will be available for one week post-presentation. PotlatchDeltic is a significant REIT with around 1.8 million acres of timberlands across various states, committed to sustainable forest management and long-term environmental stewardship.
PotlatchDeltic Corporation (NASDAQ: PCH) has finalized the sale of 72,440 acres of forestland in Minnesota to The Conservation Fund for nearly $48 million. This transaction aims to enhance conservation efforts and provide sustainable timber harvesting while preserving water quality and wildlife habitat. The acquired land spans 14 counties, with 31,600 acres included within the reservation boundaries of the Minnesota Ojibwe Tribe. This sale supports PotlatchDeltic's strategy to maximize shareholder value through rural land sales and continues its commitment to environmental stewardship.
PotlatchDeltic Corporation (NASDAQ: PCH) announced the appointment of Eric J. Cremers as president and CEO, effective January 1, 2021. Cremers, who has been with the company since 2007, previously served as president and COO. Michael J. Covey, the outgoing CEO, remains as executive chairperson. Cremers has extensive industry experience and was key in significant company transactions, including the spin-off of Clearwater Paper in 2008 and the merger with Deltic Timber in 2018. The transition aims to ensure leadership continuity and leverage Cremers' expertise to drive growth.
PotlatchDeltic Corporation (Nasdaq:PCH) reported a net income of $81.0 million, equating to $1.20 per diluted share, for Q3 2020 on revenues of $313.0 million, compared to a net income of $20.6 million on revenues of $226.3 million in Q3 2019. The company achieved record quarterly Total Adjusted EBITDDA of $135.4 million, a margin of 43%. Key highlights include increased harvest volumes and significant profit growth in both Timberlands and Wood Products segments, driven by historic lumber prices. Liquidity strengthened to $528 million.
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