PotlatchDeltic (PCH) Tops Q2 EPS by 25c

PotlatchDeltic (NASDAQ: PCH) reported Q2 EPS of $2.77, $0.25 better than the analyst estimate of $2.52. Revenue for the quarter came in at $447.5 million versus the consensus estimate of $422.23 million.

“Lumber prices continued their historic run in the second quarter, driving another quarter of record financial performance,” said Eric Cremers, president and chief executive officer. “Our employees did a good job navigating operational challenges, including a fire at our Ola, Arkansas sawmill. While lumber prices have recently retreated from historic highs, overall fundamentals that drive our business remain favorable. We are very well positioned to continue growing shareholder value and execute on our disciplined capital allocation strategy, including paying a meaningful special dividend in the fourth quarter of 2021,” stated Mr. Cremers.

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

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