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Dec 31, 2024
PotlatchDeltic Q4 2024 Earnings Report
PotlatchDeltic reported a mixed Q4 2024 with increased revenues but decreased net income compared to the previous year, driven by strong performance in the Wood Products segment offsetting declines in Timberlands and Real Estate.
Key Takeaways
PotlatchDeltic Corporation reported net income of $5.2 million, or $0.07 per diluted share, on revenues of $258.1 million for the quarter ended December 31, 2024. This compares to a net loss of $0.1 million on revenues of $254.5 million for the same quarter in 2023. The company's performance was driven by strong results in the Wood Products segment, offset by declines in Timberlands and Real Estate.
Revenues increased to $258.1 million compared to $254.5 million in Q4 2023.
Net income was $5.2 million, or $0.07 per diluted share, compared to a net loss of $0.1 million in Q4 2023.
The Wood Products segment saw increased revenues and Adjusted EBITDDA due to higher lumber prices and lower manufacturing costs.
The Real Estate segment experienced decreased revenues and Adjusted EBITDDA due to lower sales volume.
PotlatchDeltic
PotlatchDeltic
PotlatchDeltic Revenue by Segment
Revenue by Segment
Timberlands Revenue
CapyFin.comWood Products Revenue
CapyFin.comReal Estate Revenue
CapyFin.com Forward Guidance
While ongoing challenges to housing affordability continue to create headwinds, the company is optimistic about the prospects of improving lumber markets and remains confident in the demand fundamentals that drive growth in its businesses. With a strong balance sheet and a continued focus on operational excellence, PotlatchDeltic believes it is well-positioned to drive sustainable, long-term value for its shareholders.
Positive Outlook
- Optimistic about improving lumber markets.
- Confident in the demand fundamentals that drive growth in its businesses.
- Strong balance sheet.
- Continued focus on operational excellence.
- Well-positioned to drive sustainable, long-term value for its shareholders.
Challenges Ahead
- Ongoing challenges to housing affordability continue to create headwinds.
- Changes in the U.S. housing market.
- Changes in timberland values.
- Changes in timber harvest levels on the company’s lands.
- Changes in timber prices.