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.
Company Overview
PotlatchDeltic Corporation (PCH) is a diversified timberland real estate investment trust (REIT) that manages vast forest assets across multiple states. With a deep-rooted commitment to sustainable forest management and environmental stewardship, the company integrates extensive timberland holdings with wood products manufacturing and real estate development. Utilizing an integrated business model, PotlatchDeltic is actively involved in managing millions of acres of forest lands, operating sawmills, and an industrial-grade plywood mill, and leveraging its land assets for both recreational use and property development.
Core Business Areas
The company’s operations span several core areas:
- Timberland Management: The foundation of its business, involving careful stewardship of extensive forest lands to produce high-quality timber and sustain ecosystem health.
- Wood Products Manufacturing: Processing timber into various value-added wood products through its sawmills and industrial-grade facilities.
- Real Estate Development: Developing residential and commercial properties by leveraging its expansive land portfolio.
Sustainable Forest Management
PotlatchDeltic emphasizes sustainable practices across its operations. Implementing comprehensive environmental management systems (EMS) and best management practices (BMPs), the company ensures that timber harvesting is executed responsibly to protect water quality, wildlife habitats, and biodiversity. This strategy not only maintains the health of forest ecosystems but also supports recreational access, enabling public engagement with nature through controlled leases for camping, hiking, and other outdoor activities.
Operational Excellence and Employee Development
Operational excellence is achieved through robust safety protocols, continuous performance improvement strategies, and comprehensive employee training programs. The company fosters a culture of development by setting meaningful annual goals, providing ongoing feedback, and implementing succession planning. These measures ensure that team members are well-equipped to meet the challenges of the industry, thereby enhancing overall operational efficiency and safety standards across all facilities.
Market Significance and Competitive Landscape
Within the competitive forestry and land management sector, PotlatchDeltic stands out through its diversified approach. The combination of timberland management, wood products manufacturing, and real estate development provides a multifaceted revenue model that adapts to shifting market demands. By integrating sustainable practices with community-focused initiatives—such as public recreational leases—the company not only maximizes asset value but also reinforces its role as a responsible steward of natural resources.
This comprehensive approach, underscored by industry-specific practices and strategic organizational initiatives, situates PotlatchDeltic Corporation as a well-rounded and reliable entity in the timberland REIT sector. Whether evaluating its operational methods or its commitment to sustainable and safe practices, investors and industry followers can gain a deep understanding of how the company harnesses its extensive assets within the broader forestry landscape.
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.
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.
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