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, a major timberland owner, emphasizes its commitment to water quality protection through Best Management Practices (BMPs). These include:
1. Streamside Management Zones (SMZs): Unharvested or lightly harvested buffers along streams to capture runoff and sediment, stabilize banks, and provide wildlife habitat.
2. Proper logging road design and construction to minimize sediment and protect water quality.
3. Logging methods that disconnect surface water flow from exposed soil.
The company highlights its Mica Creek Experimental Watershed, a 6,672-acre 'living laboratory' in Idaho, where a multi-decade study shows that forest management adhering to Idaho Forest Practices Act BMPs has minimal adverse effects on streams or aquatic life.
PotlatchDeltic highlights its commitment to protecting water quality through its Mica Creek Experimental Watershed study, initiated in 1990. Collaborating with the U.S. Forest Service and the Idaho Department of Lands, the study spans 6,672 acres southeast of Coeur d'Alene, Idaho. The research focuses on the impact of modern forestry best management practices on stream water quality and aquatic ecosystems. Findings indicate slight increases in stream flows and temperatures post-harvest, with no lasting adverse effects on fish, amphibians, or aquatic insects. The company incorporates these results into effective forestry practices, ensuring sustainable forest management.
PotlatchDeltic (Nasdaq: PCH) will release its second-quarter 2024 earnings on Monday, July 29, after the market closes. A live conference call and webcast will follow on Tuesday, July 30, at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results. Investors can access the webcast through the company's website or join via conference call. The call will be accessible to U.S./Canada participants at 1-888-510-2008 and international participants at 1-646-960-0306 using conference ID 7281983. A replay of the conference call will be available until August 6, 2024, using the same conference ID.
PotlatchDeltic has been named the 2024 Business of the Year by the St. Maries Chamber of Commerce. The honor recognizes the company's significant contributions to the local community in St. Maries, Idaho, where it is the largest employer. Key initiatives include a 'free swim summer' program, which doubled attendance at the city pool, and a $150,000 contribution to the construction of PotlatchDeltic Field at the Lumberjack Sports Complex. The company also supported the local Junior Livestock Show & Sale, purchasing animals from 4-H youth participants. PotlatchDeltic emphasizes the importance of community well-being, volunteering, and charitable giving.
On June 21, 2024, PotlatchDeltic outlined its comprehensive corporate responsibility governance framework. The Vice President of Public Affairs and Chief Sustainability Officer spearheads the corporate responsibility strategies, reporting updates to the Board of Directors biannually. A Corporate Responsibility Management Committee and a Working Group meet regularly to devise and implement medium to long-term strategies, focusing on climate risks, greenhouse gas reduction, and sustainable practices. These strategies integrate across business units, involving extensive stakeholder engagement, audit processes, and continuous improvement initiatives. Environmental management practices, safety systems, and risk management are key components, supporting the company's commitment to corporate responsibility and aligning with its financial incentives for employees. External organizations like NCASI provide further support in advancing these initiatives.
PotlatchDeltic released its 2023 Corporate Responsibility Report, highlighting achievements across four key pillars: Forests, Planet, People, and Performance. The report is aligned with the United Nations Sustainable Development Goals. Key accomplishments include planting nearly 30 million seedlings, protecting 8,311 miles of rivers and streams, and achieving net carbon removals of 6.4 million metric tons of CO2e. The company reduced energy usage in wood product facilities by 2.5% and maintained outstanding safety performance. Additionally, PotlatchDeltic linked short-term incentive compensation to corporate responsibility objectives and continued to explore climate-related policies, solar projects, and carbon offset initiatives. The full report is available on their website.
PotlatchDeltic (Nasdaq: PCH) announced that its CEO, Eric J. Cremers, and CFO, Wayne Wasechek, will present a company overview at the REITweek Conference in New York on June 4, 2024, at 4:30 pm ET.
The presentation will be available live via an audio webcast on the Investors page of PotlatchDeltic's website, with an archived version accessible for 30 days following the event.
PotlatchDeltic, in collaboration with The Idea Circle, the Minnesota Innovation Initiative (MI2), and local private employers, has developed a Mechatronics program in Bemidji, Minnesota. The program targets enhancing skills in electrical, mechanical, computer, robotics, and automation systems. It is offered to Team Members at PotlatchDeltic’s Bemidji mill and has been successful since its inception in 2013. Participants can take e-learning courses and hands-on labs, with support from PotlatchDeltic. The program has shown positive outcomes, such as increased proficiency and promotions within the company, and has been extended to local high schools to prepare students for industrial sector employment.
PotlatchDeltic focuses on continuous performance improvement through healthy discussions between employees and managers. Salaried employees set annual goals and track progress in key competency areas. The company offers various training opportunities to help employees grow and develop their talents. Employee development is supported through formal and informal on-the-job programs, tuition reimbursement, and leadership training programs. PotlatchDeltic also emphasizes succession planning to ensure the right people are in the right positions at the right time.
PotlatchDeltic (Nasdaq: PCH) announced a quarterly distribution of $0.45 per share on its common stock. The distribution will be payable on June 28, 2024, to stockholders of record as of June 7, 2024.
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