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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
PotlatchDeltic
PotlatchDeltic
PotlatchDeltic Revenue by Segment
Revenue by Segment
Timberlands Revenue
CapyFin.comWood Products Revenue
CapyFin.comReal Estate Revenue
CapyFin.com 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