PotlatchDeltic (PCH) Tops Q4 EPS by 9c

PotlatchDeltic (NASDAQ: PCH) reported Q4 EPS of $1.48, $0.09 better than the analyst estimate of $1.39. Revenue for the quarter came in at $337.4 million versus the consensus estimate of $319.75 million.

Outlook

“We expect housing fundamentals and lumber demand to remain strong in 2021. While lumber prices will likely moderate this year, we expect lumber prices to remain higher than long-term averages. This is particularly important to PotlatchDeltic given our leverage to lumber prices. We continue to keep an eye on the pandemic and its potential impact on the economy and our business. During 2021, we expect to harvest approximately 6 million tons in our Timberlands segment, ship around 1.1 billion board feet of lumber, and sell about 20,000 acres and 145 residential lots in our Real Estate segment,” stated Mr. Cremers.

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

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