Catchmark Timber Trust (CTT) Tops Q1 EPS by 9c

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Go back to Catchmark Timber Trust (CTT) Tops Q1 EPS by 9c

CatchMark Delivers Strong First Quarter 2022 Results and Declares Dividend

May 5, 2022 4:05 PM EDT

 Achieved $3.2 million of net income, or $0.07 per share, and Adjusted EBITDA of $14.8 million, 15% higher than prior year quarter. Increased year-over-year net timber sales prices by 30% for sawtimber and 8% for pulpwood. Continued to achieve significant timber sales pricing premiums above market averages  47% for sawtimber and 37% for pulpwood. Generated 17% higher timber sales revenue year-over-year in the U.S. South.  Produced $12 million of net cash provided by operating activities and $10.2 million in Cash Available for Distribution, 4% and 34% year-over-year increases, respectively. Registered timberland sales revenue of $6.1 million, on... More