PotlatchDeltic (PCH) Tops Q2 EPS by 25c

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Go back to PotlatchDeltic (PCH) Tops Q2 EPS by 25c

PotlatchDeltic Corporation Reports Second Quarter 2021 Results

July 26, 2021 4:10 PM EDT

SPOKANE, Wash.--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) today reported net income of $187.9 million, or $2.77 per diluted share, on revenues of $447.5 million for the quarter ended June 30, 2021. Net income was $2.6 million, or $0.04 per diluted share, on revenues of $181.6 million for the quarter ended June 30, 2020.

Second Quarter 2021 Highlights

Generated record Total Adjusted EBITDDA of $275.0 million and Total Adjusted EBITDDA margin of 61% Historic lumber prices drove record Wood Products Adjusted EBITDDA of $204.6 million Record Timberlands Adjusted EBITDDA of $77.2 million propelled by higher Idaho sawlog... More