PotlatchDeltic Corp. announced today that its Board of Directors approved a new $100 million share repurchase program. “Returning cash to our shareholders is an important part of our capital allocation strategy,” said Mike Covey, chairman and chief executive officer. “Our Board has confidence in our business outlook and our ability to continue generating strong cash flows. This new share repurchase [...]
The board of directors of PotlatchDeltic Corp. has declared a quarterly distribution on the Company's common stock. The distribution of $0.40 per share is payable September 28, 2018 to stockholders of record on September 14, 2018. The Board also approved a special dividend on PotlatchDeltic’s common stock of approximately $222 million, or $3.54 per share based upon the number of shares currently outstanding. The [...]
SPOKANE, Wash., July 30, 2018 -- PotlatchDeltic Corp. today reported net income of $46.1 million, or $0.73 per diluted share, on revenues of $268.2 million for the quarter ended June 30, 2018. Second Quarter 2018 Highlights Consolidated Adjusted EBITDDA of $94.2 million and Adjusted EBITDDA margin of 35.1% Wood Products Adjusted EBITDDA of $51.5 million and Wood Products Adjusted EBITDDA margin of 26.6% On track with $50 [...]
PotlatchDeltic Corp. Standard & Poor’s Global Ratings announced July 6, 2018 an upgrade in PotlatchDeltic’s corporate credit rating outlook and issue-level ratings on senior unsecured debt to BBB- from BB+. The rating outlook is stable. S&P cited strong demand and pricing, timberland coverage, high margins and conservative financial policies as factors that led to the upgrade. PotlatchDeltic is investment [...]
SPOKANE, Wash., June 28, 2018 -- PotlatchDeltic Corp. will release second quarter earnings on Monday, July 30th, after the market closes. A live conference call and webcast will be hosted by Michael J. Covey, chairman and chief executive officer on Tuesday, July 31st at 9:00 a.m. Pacific Time . Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investor Resources link or by conference call at [...]
SPOKANE, Wash., May 24, 2018 -- PotlatchDeltic Corp. announced today that Michael J. Covey, chairman and chief executive officer and Jerald W. Richards, vice president and chief financial officer, will provide a company overview to investors at the REITWeek conference in New York, June 7, 2018 at approximately 11:45 AM Eastern Time. The live audio webcast of the presentation will be available via the Investor Resources [...]
SPOKANE, Wash., May 09, 2018 -- The board of directors of PotlatchDeltic Corp. has declared a quarterly distribution on the Company's common stock. The distribution of $0.40 per share is payable June 29, 2018 to stockholders of record on June 7, 2018. About PotlatchDeltic PotlatchDeltic Corp. is a leading Real Estate Investment Trust that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana [...]
SPOKANE, Wash., May 03, 2018 -- PotlatchDeltic Corp. today reported net income of $14.6 million, or $0.29 per diluted share, on revenues of $199.9 million for the quarter ended March 31, 2018. First Quarter 2018 Highlights Merged with Deltic Timber on February 20, 2018 to form PotlatchDeltic On track with $50 million in after-tax annual cash synergy run rate in year two; achieved $30 million run rate as of March 31, 2018 [...]
SPOKANE, Wash., April 03, 2018 -- PotlatchDeltic Corp. will release first quarter earnings on Thursday, May 3rd, after the market closes. A live conference call and webcast will be hosted by Michael J. Covey, chairman and chief executive officer on Friday, May 4th at 9:00 a.m. Pacific Time . Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investor Resources link or by conference call at [...]
SPOKANE, Wash., Feb. 22, 2018 -- PotlatchDeltic Corporation announced today that Michael J. Covey, chairman and chief executive officer and Jerald W. Richards, vice president and chief financial officer, will provide a company overview to investors at the Raymond James & Associates’ 39th Annual Institutional Investors Conference in Orlando, March 7, 2018 at approximately 12:45 PM Eastern Time. The live audio webcast [...]
SPOKANE, Wash. and EL DORADO, Ark., Feb. 20, 2018 -- PotlatchDeltic Corporation today announced the successful completion of the previously announced merger of Potlatch Corp. with Deltic Timber Corporation in an all-stock transaction, creating a leading domestic timberland owner and top-tier wood products manufacturer. All closing conditions for the deal have been met. The combined company has changed its name to [...]
SPOKANE, Wash., Feb. 16, 2018 -- The board of directors of Potlatch Corp. has declared a quarterly distribution on the Company's common stock. The distribution of $0.40 per share is payable March 30, 2018 to stockholders of record on March 7, 2018. ABOUT POTLATCH Potlatch is a Real Estate Investment Trust with approximately 1.4 million acres of timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi. Potlatch, a [...]
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