PotlatchDeltic Corporation - PCH STOCK NEWS

PotlatchDeltic has implemented a comprehensive timberland environmental management system (EMS) to achieve sustainable forest management objectives. The EMS includes:

• Training foresters and contractors
• Prescribing, monitoring, and inspecting forest management practices
• Tracking stakeholder feedback
• Internal inspections with implementation rates averaging 95% or higher
• Monthly regional reporting and annual business unit reviews

The EMS ensures compliance with regulations for wildlife conservation, biodiversity, and protection of water, fish, and endangered species. It also maintains third-party certifications under FSC® or SFI® standards for all timberlands. The system covers log sourcing for wood products facilities under SFI Fiber Sourcing and FSC Chain of Custody standards where applicable.

PotlatchDeltic emphasizes the importance of strong relationships with suppliers and contractors across its value chain. The company's Supplier Code of Conduct and Human Rights Policy outline expectations for these partners. Key aspects include:

1. Environmental compliance: Adherence to forestry regulations and best practices in timberlands and wood products facilities.

2. Human rights: Ethical treatment of workers, prohibition of harassment, and compliance with labor laws.

3. Safety: Commitment to worker safety in all environments.

4. Governance: Ethical business practices, protection of company assets, and compliance with anti-corruption laws.

PotlatchDeltic works with specialized contractors in timberlands and wood products facilities, emphasizing their expertise and local economic impact. The company maintains strict approval processes and ongoing monitoring for contractors, including safety training and performance evaluations.

PotlatchDeltic (PCH) has launched its Impacts podcast series, focusing on wildfire management in Idaho. The first episode features retired District Forester Rich McMillan discussing the company's approach to wildfire risk management. Key points include:

• Unique firefighting coordination due to checkerboard ownership patterns
• Increased measures for fire prevention and damage minimization
• Improved federal wildfire suppression through enhanced coordination
• The podcast series aligns with PotlatchDeltic's four Corporate Responsibility pillars: Forest, Planet, People, and Performance

This initiative demonstrates PotlatchDeltic's commitment to responsible forest management and environmental stewardship in the face of wildfire challenges.

PotlatchDeltic (PCH) is implementing forestry best management practices to protect water quality in Georgia and Alabama. The company is establishing hardwood streamside management zones (SMZs) in areas previously converted to pine plantations, which risked increased erosion. This process involves:

1. Creating a buffer zone around ephemeral channels
2. Removing existing pine trees from the buffer area
3. Protecting and promoting hardwood growth within the buffer
4. Recording and protecting these areas as young hardwood stands in their GIS mapping system

These efforts aim to enhance water quality, wildlife habitat, and biodiversity. The company believes this approach will better protect the litter layer on ephemeral channels during tree harvesting, as required by local BMPs.

PotlatchDeltic (Nasdaq: PCH) has completed construction of its modernization and expansion project at the Waldo, Arkansas sawmill. The $131 million strategic investment is expected to increase annual capacity by 85 million board feet, reaching a total of 275 million board feet per year. The project aims to improve recovery by 6% and reduce cash processing costs by approximately 30%.

The mill is now entering a 6 to 12-month ramp-up phase. Once fully operational, it is projected to generate an additional $25 million in Adjusted EBITDDA annually under mid-cycle conditions, with an expected internal rate of return of 22%. The modernization includes a new saw line, planer upgrade, continuous kiln, and a Fulghum Industries 170' 45-ton log crane.

PotlatchDeltic (Nasdaq: PCH) has announced a quarterly distribution on its common stock. The company's board of directors has declared a distribution of $0.45 per share, which will be payable on September 30, 2024. Stockholders of record as of September 13, 2024 will be eligible to receive this distribution.

PotlatchDeltic, a leading forestry company, is championing sustainable forest management practices in the United States. The company emphasizes its commitment to carefully managing working forests to ensure a reliable and renewable supply of wood for various purposes, including lumber, energy, paper, and everyday products. PotlatchDeltic's approach not only meets product demands but also supports wildlife habitat, clean air, clean water, and job creation.

The company highlights that the U.S. is a global leader in modern forestry, implementing some of the highest standards for sustainable forest management worldwide. As a result of these high standards, the U.S. now boasts some of the most abundant and productive forest resources globally. This press release underscores PotlatchDeltic's role in contributing to this success and its ongoing commitment to sustainable practices in the forestry industry.

PotlatchDeltic (PCH) faced challenges in recruiting qualified talent in 2023, particularly for skilled labor positions in wood products facilities. The company hired 224 new team members, with a nearly equal split between northern and southern operations. 22% of new hires were female and 27% were underrepresented minorities. Wood products facilities accounted for 89% of new hires, with skilled maintenance positions being the most difficult to fill.

The overall employee turnover rate was 16%, with 72% leaving voluntarily. PotlatchDeltic employs various recruitment strategies, including job fairs, college career days, and social media. The company also offers paid internships to build awareness and skills in potential future employees, providing meaningful projects that aid in students' academic development and job readiness.

PotlatchDeltic (Nasdaq: PCH) reported Q2 2024 results with net income of $13.7 million, or $0.17 per diluted share, on revenues of $320.7 million. Key highlights include:

- Total Adjusted EBITDDA of $103.2 million with a 32% margin
- Sale of 34,100 acres of Southern timberlands for $57 million
- Repurchase of 610,000 shares for $25 million
- Nearing completion of $131 million Waldo, Arkansas sawmill expansion
- Strong liquidity of nearly $500 million

The company saw solid operational execution across all business segments despite challenging lumber markets. Real Estate business performed well with strong rural sales activity.