PotlatchDeltic Corporation - PCH STOCK NEWS

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The presentation will be available live via an audio webcast on the Investors page of PotlatchDeltic's website, with an archived version accessible for 30 days following the event.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.

PotlatchDeltic utilizes an Enterprise Risk Management (ERM) framework to identify, assess, and mitigate significant risks facing the company, including those related to corporate responsibility. The Risk Committee, Audit Committee, and senior management play key roles in overseeing risks. Environmental issues and climate change are specifically addressed in the ERM process, with a focus on identifying, assessing, and mitigating related risks. The company is committed to enhancing its ERM framework to address emerging risks and opportunities.

PotlatchDeltic (Nasdaq: PCH) reported a net loss of $0.3 million for Q1 2024, with revenues of $228.1 million. Despite challenges, the company acquired high-quality timberlands and divested young-aged timberlands, enhancing shareholder value. The business segments performed well, with a strong balance sheet and liquidity. Adjusted Net Income was $18.5 million for Q1 2023, excluding merger-related expenses.

PotlatchDeltic emphasizes the importance of tax transparency and governance in its operations. The company's tax strategy is aligned with the interests of stakeholders such as governments, shareholders, employees, and communities. Robust tax governance and risk management policies are in place to ensure compliance with tax requirements. The CFO oversees tax policy, while the Tax Director manages day-to-day tax affairs. The company partners with business operations to enhance value through tax planning and sustainable development. Stakeholder engagement includes maintaining transparent relationships with tax authorities and advocating for tax legislation that fosters innovation and growth.