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Sep 30, 2021
PotlatchDeltic Q3 2021 Earnings Report
PotlatchDeltic reported third quarter results with net income of $65.7 million.
Key Takeaways
PotlatchDeltic Corporation reported net income of $65.7 million, or $0.97 per diluted share, on revenues of $287.3 million for the quarter ended September 30, 2021. Excluding a net gain on insurance recoveries, Adjusted Net Income was $62.4 million, or $0.92 per diluted share for the third quarter of 2021.
Generated Total Adjusted EBITDDA of $107.2 million and Total Adjusted EBITDDA margin of 37%
Lumber prices bottomed at a high level and have increased eight weeks in a row
Expanded strong liquidity position to $972 million as of Q3 2021
Company expects to pay a special dividend in December and estimates the amount will be $3 to $5 per share
Revenue by Segment
Forward Guidance
Looking ahead, lumber prices have continued to increase in the fourth quarter and the outlook on housing fundamentals that drive our business remains positive. Additionally, we continue to expect to pay a special dividend in December and estimate the amount will be $3 to $5 per share.
Positive Outlook
- Lumber prices have continued to increase in the fourth quarter
- Outlook on housing fundamentals that drive our business remains positive
- Company expects to pay a special dividend in December
- The amount of special dividend will be $3 to $5 per share
- EBITDDA of $107 million was still an excellent quarter for the company
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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