Potlatch (PCH) Tops Q1 EPS by 10c, Revenues Beat

Potlatch (NASDAQ: PCH) reported Q1 EPS of $0.22, $0.10 better than the analyst estimate of $0.12. Revenue for the quarter came in at $208.9 million versus the consensus estimate of $195.91 million.

First Quarter 2020 Highlights

• Generated $47.6 million of Total Adjusted EBITDDA and Adjusted EBITDDA margin of 23%
• Repurchased $12.3 million of shares at an average of $30.79 per share
• Locked interest rates at historically low levels on $654 million of planned, future debt refinances
• Transferred $101 million in pension obligations to New York Life

"Our businesses performed well in the first quarter, taking advantage of the robust market conditions that existed prior to the impact of COVID-19,” said Mike Covey, chairman and chief executive officer. "Our priorities are maintaining the safety of our employees and continuing to operate at a level that maximizes cash flows. Our strong balance sheet and liquidity provide flexibility as we navigate through these challenging times," stated Mr. Covey.

For earnings history and earnings-related data on Potlatch (PCH) click here.

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