PotlatchDeltic (PCH) Tops Q1 EPS by 18c, Revenues Beat
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PotlatchDeltic Corporation Reports First Quarter 2021 Results
April 26, 2021 4:10 PM EDTSPOKANE, Wash.--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) today reported net income of $131.1 million, or $1.94 per diluted share, on revenues of $354.2 million for the quarter ended March 31, 2021. Net loss was $16.8 million, or ($0.25) per diluted share, on revenues of $208.9 million for the quarter ended March 31, 2020. Excluding an after-tax pension settlement charge, adjusted net income was $15.0 million, or $0.22 per diluted share for the first quarter of 2020.
First Quarter 2021 Highlights
Generated record Total Adjusted EBITDDA of $195.0 million and Total Adjusted EBITDDA margin of 55% Record Wood Products Adjusted EBITDDA... More