PotlatchDeltic (PCH) Misses Q3 EPS by 26c

PotlatchDeltic (NASDAQ: PCH) reported Q3 EPS of $0.92, $0.26 worse than the analyst estimate of $1.18. Revenue for the quarter came in at $287.3 million versus the consensus estimate of $312.01 million.

“While lumber prices declined in the third quarter, they bottomed at a high level and EBITDDA of $107 million was still an excellent quarter for the company,” said Eric Cremers, president and chief executive officer. "Looking ahead, lumber prices have continued to increase in the fourth quarter and the outlook on housing fundamentals that drive our business remains positive. Additionally, we continue to expect to pay a special dividend in December and estimate the amount will be $3 to $5 per share," stated Mr. Cremers.

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

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