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Jun 30, 2024
PotlatchDeltic Q2 2024 Earnings Report
Reported net income on revenues for the quarter ended June 30, 2024.
Key Takeaways
PotlatchDeltic Corporation reported net income of $13.7 million, or $0.17 per diluted share, on revenues of $320.7 million for the quarter ended June 30, 2024. All business segments delivered solid operational execution in the second quarter.
Generated Total Adjusted EBITDDA of $103.2 million and Total Adjusted EBITDDA margin of 32%
Completed the sale of 34,100 acres of four-year average age Southern timberlands for $57 million, or $1,700 per acre
Repurchased 610,000 shares for $25 million, or $41 per share
Finalizing construction of the $131 million Waldo, Arkansas sawmill expansion and modernization project
Revenue by Segment
Forward Guidance
Looking ahead, PotlatchDeltic continues to believe long-term underlying housing fundamentals remain favorable and are optimistic that lumber markets will gain renewed momentum as inflation and interest rates improve.
Positive Outlook
- Long-term underlying housing fundamentals remain favorable
- Optimistic that lumber markets will gain renewed momentum
- Inflation expected to improve
- Interest rates expected to improve
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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