PotlatchDeltic (PCH) Misses Q1 EPS by 20c

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Go back to PotlatchDeltic (PCH) Misses Q1 EPS by 20c

PotlatchDeltic Corporation Reports First Quarter 2024 Results

April 29, 2024 4:10 PM EDT

SPOKANE, Wash.--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) today reported a net loss of $0.3 million, or $0.00 per diluted share, on revenues of $228.1 million for the quarter ended March 31, 2024. Net income was $16.3 million, or $0.20 per diluted share, on revenues of $258.0 million for the quarter ended March 31, 2023. Excluding CatchMark merger-related expenses, adjusted net income was $18.5 million, or $0.23 per diluted share, for the first quarter of 2023.

First Quarter 2024 Highlights

Generated Total Adjusted EBITDDA of $29.7 million and Total Adjusted EBITDDA margin of 13% Acquired 16,000 acres of high-quality mature Southern timberlands for... More