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 (PCH) News on Stock Titan focuses on developments affecting this timber-focused Real Estate Investment Trust and its investors. PotlatchDeltic publicly describes itself as a leading REIT with ownership of approximately 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina, along with wood products manufacturing and real estate activities.
News coverage for PCH commonly includes quarterly earnings releases, where the company reports revenues, net income, Total Adjusted EBITDDA, and segment performance for Timberlands, Wood Products, and Real Estate. These updates often explain changes in harvest volumes, lumber prices, log and haul costs, manufacturing costs, and rural land and real estate sales activity.
Investors can also follow PotlatchDeltic’s regular board actions regarding quarterly distributions on its common stock. Multiple press releases document the declaration of distributions, including the per-share amount, record dates, and payment dates, reflecting the company’s REIT distribution practices.
Another key category of news involves corporate transactions and capital structure decisions. Recent items include the announcement of an all-stock merger of equals with Rayonier Inc., described as creating a leading domestic land resources owner and top-tier lumber manufacturer, and the refinancing of term loans under an amended term loan agreement. These announcements provide insight into PotlatchDeltic’s strategic direction and financing arrangements.
PotlatchDeltic also issues news related to corporate responsibility, such as the release of its Corporate Responsibility Report, which highlights accomplishments in sustainable forest management, climate-related initiatives, safety, community support, and responsible sourcing. Conference participation and investor presentations are additional recurring topics, with details on webcasts and replays for those seeking management commentary.
By reviewing the PCH news feed, readers can track financial performance, dividend decisions, major transactions like the pending Rayonier merger, and sustainability reporting, all of which shape the company’s long-term profile.
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.
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.
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