PotlatchDeltic Q1 net loss $0.3M on revenue $228.1M, down 11.6% YoY

POTLATCHDELTIC CORP

2024-Q1 EPS reported $0.00 revenue$228,127,000

Net loss $0.3M vs net income $16.3M in Q1 2023; revenue fell 11.6% to $228.1M.
Total Adjusted EBITDDA $29.7M (13% margin), down from $57.7M in prior year.
Acquired 16,000 acres of mature Southern timberlands for $31M; agreed to sell 34,000 acres for $58M.
Wood Products segment EBITDDA improved to -$0.1M from -$6.5M sequentially; Real Estate segment EBITDDA fell to $6.2M from $21.9M.
Dividend maintained at $0.45/share; liquidity $479M; Waldo sawmill modernization on track.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

POTLATCHDELTIC CORP reported quarter ended March 31, 2024 results: revenue 228.1 million, net income loss of 0.3 million, EPS 0.00 per diluted share.

Period: quarter ended March 31, 2024
Revenue: 228.1 million
Net income: loss of 0.3 million
EPS: 0.00 per diluted share
Result: reported results

Exact text from the filing

PotlatchDeltic Corporation (Nasdaq: PCH) today reported a net loss of $0.3 million, or $0.00 per diluted share, on revenues of $228.1 million for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000950170-24-049864

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