Potlatch (PCH) Tops Q3 EPS by 5c

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PotlatchDeltic Corporation Reports Third Quarter 2018 Results

October 29, 2018 6:30 AM EDT

SPOKANE, Wash., Oct. 29, 2018 (GLOBE NEWSWIRE) -- PotlatchDeltic Corporation (Nasdaq: PCH) today reported net income of $60.4 million, or $0.93 per diluted share, on revenues of $289.2 million for the quarter ended September 30, 2018.

Third Quarter 2018 Highlights

Consolidated Adjusted EBITDDA of $101.8 million and Adjusted EBITDDA margin of 35%Wood Products Adjusted EBITDDA of $46.5 million and Adjusted EBITDDA margin of 23%Achieved $51 million in after-tax annual cash synergy run rate target as of September 30, 2018 and ahead of schedule

All three of our business segments delivered strong results in the... More