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Stock impact report

PotlatchDeltic Corporation Reports Third Quarter 2024 Results

PotlatchDeltic Corporation (PCH) 
Last potlatchdeltic corporation earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Business Wire
SPOKANE, Wash.--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) today reported net income of $3.3 million, or $0.04 per diluted share, on revenues of $255.1 million for the quarter ended September 30, 2024. Net income was $23.7 million, or $0.29 per diluted share, on revenues of $265.5 million for the quarter ended September 30, 2023. Excluding an after-tax gain on insurance recoveries, adjusted net income was $11.4 million, or $0.14 per diluted share for the third quarter of 2023.Third Quarter 2024 HighlightsGenerated Total Adjusted EBITDDA of $45.9 million and Total Adjusted EBITDDA margin of 18%Completed construction on the Waldo, Arkansas sawmill expansion and modernization projectRepurchased 57,000 shares for $2.4 million, or $42 per shareMaintained strong liquidity of $460 million as of September 30, 2024“During the third quarter, our businesses delivered solid operational performance while navigating a challenging lumber market as well as the broader economic envi Show less Read more
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