PotlatchDeltic (PCH) Tops Q2 EPS by 19c

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Go back to PotlatchDeltic (PCH) Tops Q2 EPS by 19c

PotlatchDeltic Corporation Reports Second Quarter 2022 Results

July 25, 2022 4:10 PM EDT

SPOKANE, Wash.--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) today reported net income of $120.2 million, or $1.72 per diluted share, on revenues of $359.6 million for the quarter ended June 30, 2022. Excluding an after-tax gain on insurance recoveries, adjusted net income was $112.9 million, or $1.61 per diluted share for the second quarter of 2022. Net income was $187.9 million, or $2.77 per diluted share, on revenues of $447.5 million for the quarter ended June 30, 2021.

Second Quarter 2022 Highlights

Generated Total Adjusted EBITDDA of $175.1 million and Total Adjusted EBITDDA margin of 49% Entered into definitive merger agreement with CatchMark... More