Potlatchdeltic Corp (OQ:PCH)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 601 W 1st Ave Ste 1600
SPOKANE WA 99201-3807
Tel: N/A
Website: https://www.potlatchdeltic.com
IR: See website
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Key People
Michael J. Covey
Chairman of the Board
Eric J. Cremers
President, Chief Executive Officer, Director
Glen F. Smith
Chief Accounting Officer
Michele L. Tyler
Vice President, General Counsel, Corporate Secretary
Robert L. Schwartz
Vice President - Human Resources
Darin R. Ball
Vice President - Timberlands
Ashlee Townsend Cribb
Vice President - Wood Products
William R. DeReu
Vice President - Real Estate
Anna E. Torma
Vice President - Public Affairs, Chief ESG Officer
Business Overview
PotlatchDeltic Corporation is a real estate investment trust (REIT) with operations in approximately nine states. The Company operates through three segments: Timberlands, Wood Products, and Real Estate. Timberlands segment includes planting and harvesting trees and building and maintaining roads. Wood Products segment manufactures, and markets lumber and plywood. Its products are sold to end users, retailers or wholesalers for nationwide distribution primarily for use in home building, repair and remodeling, industrial products and other construction activity. Real Estate segment consists primarily of the sale of rural land and real estate development and subdivision activity. The Company also own six sawmills and an industrial grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. It owns approximately 2.2 million acres of timberland in Alabama, Arkansas, Idaho, Georgia, Louisiana, Mississippi, and South Carolina.
Financial Overview
For the fiscal year ended 31 December 2023, Potlatchdeltic Corp revenues decreased 23% to $1.02B. Net income decreased 81% to $62.1M. Revenues reflect Wood Products segment decrease of 30% to $635.7M, Timberlands segment decrease of 15% to $411.1M. Net income also reflects Int exp on Financial Lease liab. increase of 35% to $458K (expense). Dividend per share decreased from $1.77 to $0.49.
Employees: 1,384 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $4,090M as of Dec 31, 2023
Annual revenue (TTM): $1,024M as of Dec 31, 2023
EBITDA (TTM): $170.48M as of Dec 31, 2023
Net annual income (TTM): $62.10M as of Dec 31, 2023
Free cash flow (TTM): -$104.26M as of Dec 31, 2023
Net Debt Last Fiscal Year: $814.83M as of Dec 31, 2023
Shares outstanding: 79,508,189 as of Mar 11, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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