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 Corporation (NASDAQ: PCH) has released its inaugural Carbon and Climate Report, showcasing its significant carbon negative status as its net carbon removals and storage for 2021 exceed greenhouse gas emissions. This report also examines the potential impacts of climate change on its timberlands in Idaho and the Gulf South. The company aims to proactively address climate-related challenges and is committed to exploring greenhouse gas reduction strategies, as stated by Vice President Anna Torma.
PotlatchDeltic Corporation (NASDAQ: PCH) has successfully completed its merger with CatchMark Timber Trust in an all-stock transaction, enhancing its position as a leading integrated timber REIT. Post-merger, PotlatchDeltic now owns nearly 2.2 million acres of diversified timberlands, with significant holdings in Idaho and the U.S. South. The merger is expected to create synergies and improve shareholder value. Approximately 11.5 million shares of PotlatchDeltic common stock will be issued to CatchMark shareholders, equating to about 14% of total shares outstanding.
PotlatchDeltic Corporation (Nasdaq: PCH) has announced a new $200 million share repurchase program, replacing the previous $100 million program initiated in August 2018. This move underscores the Board's confidence in the company's ability to generate strong cash flows and a commitment to enhancing shareholder value. The company's strategy includes returning cash to shareholders through opportunistic buybacks, showcasing its focus on capital allocation and long-term growth.
The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) has declared a quarterly distribution of
PotlatchDeltic Corporation (Nasdaq: PCH) reported a net income of $120.2 million for Q2 2022, translating to $1.72 per diluted share, down from $187.9 million or $2.77 per share in Q2 2021. Revenue for the quarter was $359.6 million, a decrease from $447.5 million year-over-year. Key highlights include an adjusted EBITDDA of $175.1 million and a liquidity position of $810 million. The company announced a $131 million expansion of its Waldo sawmill and plans for a merger with CatchMark. Despite strong pricing, timberland adjusted EBITDDA saw a decrease influenced by wet weather.
PotlatchDeltic Corporation (Nasdaq: PCH) is set to release its second quarter earnings on July 25, post-market. A live conference call will follow on July 26 at 9:00 a.m. PT to discuss these results. Investors can access the call via www.potlatchdeltic.com or by phone. PotlatchDeltic is a prominent REIT with approximately 1.8 million acres of timberland across multiple states, also operating sawmills and real estate development. The company emphasizes sustainable practices and social responsibility.
PotlatchDeltic Corporation (NASDAQ: PCH) is investing $131 million to expand its Waldo sawmill in Columbia County, Arkansas, increasing annual capacity from 190 million to 275 million board feet. The project aims to reduce operating costs and is projected to generate an additional $25-$30 million in EBITDDA annually with an IRR of approximately 22%. The expansion will create 55 new indirect jobs and is expected to be completed by the end of 2024.
PotlatchDeltic Corporation (Nasdaq: PCH) is set to present a company overview at the REITweek Conference in New York on June 8, 2022, at approximately 12:30 PM Eastern Time. CEO Eric J. Cremers and CFO Jerald W. Richards will lead the presentation. Investors can access the live audio webcast via the PotlatchDeltic website, with an archived version available for 30 days post-event. The company manages 1.8 million acres of timberlands across several states, focusing on sustainable practices.
PotlatchDeltic Corporation (Nasdaq: PCH) and CatchMark Timber Trust (NYSE: CTT) announced a definitive agreement for an all-stock merger. This combination aims to create a timber REIT with approximately 2.2 million acres of diversified timberlands, enhancing shareholder value. PotlatchDeltic's market capitalization post-merger is projected to exceed $4 billion, with total enterprise value over $5 billion. The transaction, providing a 55% premium on CatchMark’s stock price, is set to close in H2 2022, pending stockholder approval.
PotlatchDeltic Corporation (NASDAQ: PCH) released its 2021 ESG Report, showcasing its dedication to environmental stewardship and community support. The report highlights achievements such as the removal of 4.9 million metric tons of CO2e, planting 23 million seedlings, and maintaining record-low injury severity rates. The company emphasizes enhancing board diversity and integrating ESG into management performance goals. PotlatchDeltic's commitment to sustainable practices aligns with frameworks like SASB and TCFD, reflecting its aim to create lasting shareholder value.
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