PotlatchDeltic Corporation

PCH

Equity

ISIN US7376301039 / Valor 2433391

NASDAQ (2024-12-23)

USD 39.58+2.14%

PotlatchDeltic Corporation
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About company

PotlatchDeltic Corporation is a prominent player in the forestry and wood products industry, with a significant focus on sustainable forest management. As the largest private landowner in Idaho, the company oversees approximately 625,000 acres of timberlands in the northern part of the state, emphasizing the cultivation of a diverse range of tree species such as Douglas Fir, Western Larch, Western Red Cedar, Grand Fir, Ponderosa Pine, Engelmann Spruce, and Western White Pine. This diversity not only enhances the ecological value of their forests but also caters to a variety of market needs. PotlatchDeltic's operations are deeply rooted in the region, boasting over a century of experience. The company's business model integrates the supply chain from forest to final products, with a significant portion of its timber harvest—about one-third—being processed in its own lumber and plywood mills located in St. Maries, Idaho. The remainder of the timber is sold to other wood product and paper manufacturers in the area, indicating a broad engagement with the regional wood products industry. This approach underscores PotlatchDeltic's commitment to leveraging its vast timberland assets to support both its manufacturing operations and the wider industry, all while adhering to the principles of sustainable forestry practices as certified under the Sustainable Forestry Initiative (SFI) standards.

Summarized from source with an LLMView SourceSector: Finance

Net Loss

PotlatchDeltic Corporation reported a net loss of $0.3 million, or $0.00 per diluted share, for the first quarter of 2024. This is a significant decline compared to the net income of $16.3 million, or $0.20 per diluted share, reported for the same period in 2023.

Revenue Decline

Revenues for PotlatchDeltic Corporation in the first quarter of 2024 were $228.1 million, down from $258.0 million in the first quarter of 2023. This represents a decrease in revenue year-over-year, reflecting challenging market conditions.

Adjusted EBITDDA

PotlatchDeltic Corporation generated Total Adjusted EBITDDA of $29.7 million in the first quarter of 2024, with a Total Adjusted EBITDDA margin of 13%. This is a decrease from the $57.7 million Total Adjusted EBITDDA and 22.4% margin reported in the first quarter of 2023.

Dividends

PotlatchDeltic Corporation maintained its dividend payout, declaring dividends of $0.45 per share for the first quarter of 2024. This is consistent with the dividend payout in the first quarter of 2023.

Liquidity

As of March 31, 2024, PotlatchDeltic Corporation reported strong liquidity with $479 million in cash and cash equivalents. This financial position provides the company with flexibility to navigate the current economic environment and pursue strategic opportunities.

Summarized from source with an LLMView Source

Key figures

-19.9%1Y

-30.0%3Y

-9.24%5Y

Performance

24.5%1Y

27.1%3Y

39.2%5Y

Volatility