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Sep 30, 2020
PotlatchDeltic Q3 2020 Earnings Report
PotlatchDeltic reported record financial performance driven by outstanding operational execution and historic lumber prices.
Key Takeaways
PotlatchDeltic Corporation reported net income of $81.0 million, or $1.20 per diluted share, on revenues of $313.0 million for the quarter ended September 30, 2020. The company's Timberlands and Wood Products businesses achieved record financial performance due to outstanding operational execution and historic lumber prices.
Generated record quarterly Total Adjusted EBITDDA of $135.4 million and Total Adjusted EBITDDA margin of 43%
Historic lumber prices drove Wood Products record quarterly Adjusted EBITDDA performance
Timberlands set quarterly records for harvest volume and Adjusted EBITDDA
Expanded strong liquidity position to $528 million as of Q3 2020
Revenue by Segment
Forward Guidance
Looking to the fourth quarter of 2020, our financial results will continue to benefit from high lumber prices through an extended lumber order file and lagged index pricing on our Idaho sawlogs. Additionally, we expect that our Real Estate business will finish the year very strong by closing a large Minnesota transaction.
Positive Outlook
- Financial results will continue to benefit from high lumber prices
- Extended lumber order file
- Lagged index pricing on Idaho sawlogs
- Real Estate business will finish the year very strong
- Closing a large Minnesota transaction
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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