Potlatchdeltic ( (PCH) ) has released its Q1 earnings. Here is a breakdown of the information Potlatchdeltic presented to its investors.
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PotlatchDeltic Corporation is a Real Estate Investment Trust (REIT) that manages 2.1 million acres of timberlands across several U.S. states and operates sawmills, a plywood mill, and a real estate development business, focusing on sustainable forest management.
In its first quarter of 2025, PotlatchDeltic reported a net income of $25.8 million, or $0.33 per diluted share, on revenues of $268.3 million, marking a significant improvement from the previous year’s net loss for the same period.
Key financial highlights include a Total Adjusted EBITDDA of $63.4 million with a margin of 23.6%, completion of the Waldo, Arkansas sawmill ramp-up, and strong liquidity of $447 million. The company also repurchased 93,100 shares for $4.1 million and maintained a steady dividend per share of $0.45.
The Timberlands segment saw an increase in Adjusted EBITDDA by $8.4 million due to favorable harvest conditions and higher sawlog prices, while the Wood Products segment benefited from increased production and lower manufacturing costs. The Real Estate segment also showed growth with increased land and residential lot sales.
Looking ahead, PotlatchDeltic remains cautiously optimistic, leveraging its strong balance sheet and operational discipline to navigate economic uncertainties and deliver long-term value to shareholders.