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Stock impact report

PotlatchDeltic Corporation Reports First Quarter 2024 Results

PotlatchDeltic Corporation (PCH) 
Last potlatchdeltic corporation earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Business Wire
SPOKANE, Wash.--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) today reported a net loss of $0.3 million, or $0.00 per diluted share, on revenues of $228.1 million for the quarter ended March 31, 2024. Net income was $16.3 million, or $0.20 per diluted share, on revenues of $258.0 million for the quarter ended March 31, 2023. Excluding CatchMark merger-related expenses, adjusted net income was $18.5 million, or $0.23 per diluted share, for the first quarter of 2023.First Quarter 2024 HighlightsGenerated Total Adjusted EBITDDA of $29.7 million and Total Adjusted EBITDDA margin of 13%Acquired 16,000 acres of high-quality mature Southern timberlands for $31 million, or $1,900/acreAnnounced agreement to sell 34,000 acres of under four-year aged Southern timberlands for $58 million, or $1,700/acreOn track to complete our expansion and modernization of Waldo, Arkansas sawmill in 2024Maintained strong liquidity of $479 million as of March 31, 2024“Our business segments deliver Show less Read more
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