Earnings summaries and quarterly performance for POTLATCHDELTIC.
Executive leadership at POTLATCHDELTIC.
Board of directors at POTLATCHDELTIC.
Research analysts who have asked questions during POTLATCHDELTIC earnings calls.
George Staphos
Bank of America
4 questions for PCH
Also covers: AMBP, AMCR, ATR +18 more
Ketan Mamtora
BMO Capital Markets
4 questions for PCH
Also covers: ALH, AZEK, BCC +8 more
Mark Weintraub
Seaport Research Partners
4 questions for PCH
Also covers: GPK, IP, LPX +5 more
Anthony Pettinari
Citigroup Inc.
3 questions for PCH
Also covers: AMBP, AMCR, AVY +26 more
Matthew McKellar
RBC Capital Markets
3 questions for PCH
Also covers: CLW, IP, JHX +8 more
Kurt Yinger
D.A. Davidson & Co.
2 questions for PCH
Also covers: BCC, BLD, BXC +8 more
Niccolo Piccini
Truist Securities
2 questions for PCH
Also covers: AMBP, BALL, BERY +4 more
Buck Horne
Raymond James Financial, Inc.
1 question for PCH
Also covers: CLPR, DHI, FPI +8 more
Gregory Andreopoulos
Citigroup
1 question for PCH
Also covers: MAS, RYN
Matt McKellar
RBC Capital Markets
1 question for PCH
Also covers: CLW, IP, SLVM +2 more
Michael Roxland
Truist Securities
1 question for PCH
Also covers: AMBP, AMCR, AVY +16 more
Recent press releases and 8-K filings for PCH.
PotlatchDeltic Corporation Posts Investor Presentation with Q4 and FY 2025 Outlook
PCH
Guidance Update
New Projects/Investments
Share Buyback
- PotlatchDeltic Corporation, a leading $4 billion timberland REIT and top 10 U.S. lumber producer, maintains a strong, investment-grade balance sheet with $388 million in liquidity and an EBITDDA leverage of 3.7x as of September 30, 2025.
- The company provided its Q4 2025 outlook, projecting 1.7 – 1.8 million tons in harvest volume, 290 - 300 MMBF in lumber shipments, and $20 - $25 million in capital expenditures.
- For full-year 2025, the outlook includes ~7.4 million tons in harvest volume, ~1.2 BBF in lumber shipments, and $60 - $65 million in capital expenditures.
- PotlatchDeltic is pursuing natural climate solutions, with 34,000 acres under solar option having an estimated net present value of ~$375 million as of September 30, 2025, and is also exploring lithium opportunities.
- The company has a $200 million share repurchase authorization with $30 million remaining as of September 30, 2025, and a sustainable and growing dividend of $139 million annually.
4 days ago
PotlatchDeltic Reports Q3 2025 Results, Merger Update, and Q4 Outlook
PCH
Earnings
M&A
Guidance Update
- PotlatchDeltic reported total adjusted EBITDA of $89 million for Q3 2025, an increase from $52 million in Q2 2025, primarily driven by strong performance in its real estate business.
- The company announced a proposed merger of equals transaction with Rayonier, which is expected to generate $40 million in synergies and close in late Q1 or early Q2 2026.
- In Q3 2025, the Timberlands segment's Adjusted EBITDA increased to $41 million, while the Wood Products segment reported an EBITDA loss of $2 million due to historically weak lumber prices. The Real Estate segment was a significant contributor, generating $63 million in Adjusted EBITDA.
- PotlatchDeltic expects total Adjusted EBITDA for Q4 2025 to be lower than Q3 results, mainly due to fewer rural real estate acres sold, reduced residential and commercial development activity, and seasonally lower timberland harvest volumes with softer Idaho sawlog pricing.
- The company repurchased $60 million of common stock in the first half of the year, but share repurchases are limited due to the pending merger.
Nov 4, 2025, 5:00 PM
PCH Reports Q3 2025 Financial Results with Strong Real Estate Performance
PCH
Earnings
Guidance Update
Dividends
- PCH reported Total Adjusted EBITDDA of $89.3 million and GAAP Net Income of $25.9 million for Q3 2025.
- The Real Estate segment was a significant contributor, with Adjusted EBITDDA of $63.1 million, representing a $40.4 million increase from Q2 2025.
- The company maintains a strong liquidity position with $388 million and a net debt to enterprise value of 23.1% as of September 30, 2025.
- PCH returned cash to shareholders through a $139 million annual dividend run rate and $60 million in share repurchases year-to-date at $40 per share.
- Management anticipates Q4 2025 Total Adjusted EBITDDA to be lower than Q3 2025, reflecting reduced rural and development real estate sales activity, seasonal declines in harvest volumes, and softer Idaho sawlog pricing.
Nov 4, 2025, 5:00 PM
PotlatchDeltic Reports Third Quarter 2025 Results and Merger Agreement
PCH
Earnings
M&A
Debt Issuance
- PotlatchDeltic Corporation reported net income of $25.9 million, or $0.33 per diluted share, on revenues of $314.2 million for the third quarter ended September 30, 2025. This compares to net income of $3.3 million, or $0.04 per diluted share, on revenues of $255.1 million for the same period in 2024.
- The company generated Total Adjusted EBITDDA of $89.3 million with a 28.4% margin for Q3 2025 and maintained strong liquidity of $388 million as of September 30, 2025.
- PotlatchDeltic entered into a definitive merger agreement with Rayonier Inc., which is expected to close in late Q1 or early Q2 2026, and refinanced $100 million of maturing debt.
- Real Estate Adjusted EBITDDA significantly increased by $40.4 million in Q3 2025 compared to Q2 2025, driven by sales of rural land and residential lots.
Nov 3, 2025, 9:23 PM
Rayonier and PotlatchDeltic Announce All-Stock Merger of Equals
PCH
M&A
Dividends
Board Change
- Rayonier and PotlatchDeltic have entered into a definitive all-stock merger of equals agreement, with PotlatchDeltic shareholders receiving 1.7339 shares in Rayonier for each PotlatchDeltic share, representing an 8.25% premium to PotlatchDeltic based on closing stock prices as of October 10.
- The combined company will own nearly 4.2 million acres of timberlands across 11 states and have 1.2 billion board feet of lumber capacity. Pro forma ownership will be approximately 54% for Rayonier shareholders and 46% for PotlatchDeltic shareholders.
- The merger is expected to generate $40 million in annual synergies, primarily from corporate and operational cost optimization, with half anticipated by the end of year one and the remainder by year two. The transaction is anticipated to close in late first quarter or early second quarter of 2026, subject to regulatory and shareholder approvals.
- The combined company will be headquartered in Atlanta, Georgia. Eric Cremers will serve as Executive Chair, Mark McHugh as President and CEO, and Wayne Wasechek as CFO. The board will be comprised of five existing directors from Rayonier and five existing directors from PotlatchDeltic.
- The combined company plans to maintain Rayonier's current quarterly dividend level, adjusted to reflect the increased number of common shares. Additionally, Rayonier shareholders will receive a $1.40 per share special dividend in December, paid in cash and shares, to meet REIT taxable income distribution requirements.
Oct 14, 2025, 12:30 PM
Rayonier and PotlatchDeltic Announce Merger of Equals
PCH
M&A
Dividends
New Projects/Investments
- Rayonier and PotlatchDeltic are combining in an all-stock merger of equals, announced on October 14, 2025.
- PotlatchDeltic shareholders will receive 1.7339 shares in Rayonier for each PotlatchDeltic share, representing an 8.25% premium based on closing stock prices as of October 10, 2025.
- The merger is anticipated to generate $40 million of estimated annual run-rate synergies, primarily from corporate and operating overhead cost savings, and is expected to be accretive to per share metrics.
- The combined company will have a market capitalization of approximately $7.1 billion and own about 4.2 million acres of timberlands, making it the second largest publicly-traded timber/wood products company.
Oct 14, 2025, 12:30 PM
PotlatchDeltic Amends Term Loan Agreement and Secures New Loan
PCH
Debt Issuance
- PotlatchDeltic Corporation entered into a Twelfth Amendment to its Second Amended and Restated Term Loan Agreement on August 27, 2025, establishing a new Term Loan X.
- The new Term Loan X has a total principal amount of $127,500,000.
- An initial $100,000,000 of Term Loan X was funded on August 27, 2025, as a Daily Simple SOFR Loan, maturing on August 27, 2035, with an interest rate of Daily Simple SOFR plus 2.30% per annum.
- The proceeds from this initial funding were used to refinance Term Loan J in the principal amount of $100,000,000.
Aug 27, 2025, 12:00 AM
Quarterly earnings call transcripts for POTLATCHDELTIC.
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