PotlatchDeltic (PCH) Tops Q4 EPS by 12c

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PotlatchDeltic Corporation Reports Fourth Quarter and Full Year 2023 Results

January 29, 2024 4:10 PM EST

SPOKANE, Wash.--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) today reported a net loss of $0.1 million, or $0.00 per diluted share, on revenues of $254.5 million for the quarter ended December 31, 2023. Net income was $3.8 million, or $0.05 per diluted share, on revenues of $253.1 million for the quarter ended December 31, 2022. Excluding after tax special items consisting of CatchMark merger-related expenses and an environmental charge, adjusted net income was $9.3 million, or $0.12 per diluted share, for the fourth quarter of 2022.

Net income for the full year 2023 was $62.1 million, or $0.77 per diluted share, on revenues of $1.0 billion.... More