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Investing.com -- PotlatchDeltic Corporation (NASDAQ:PCH) reported first-quarter earnings that surpassed analyst expectations, driving its shares up 2% in response to the news.
The timber real estate investment trust posted adjusted earnings per share of $0.33 for the quarter ended March 31, 2025, beating the analyst consensus of $0.17 by $0.16. Revenue came in at $268.3 million, exceeding the estimated $243.1 million and marking a 17.6% increase YoY from $228.1 million.
PotlatchDeltic’s total adjusted EBITDDA for the quarter was $63.4 million, with a margin of 23.6%. The company’s Timberlands segment saw an $8.4 million increase in adjusted EBITDDA compared to the previous quarter, driven by higher harvest volumes in the North and improved sawlog prices.
Eric Cremers, President and CEO of PotlatchDeltic, commented on the results: "For the first quarter, we delivered solid operational results across all of our business segments despite the prevailing economic and trade policy uncertainties affecting the market."
The company’s Wood Products segment reported a $2.9 million increase in adjusted EBITDDA from the previous quarter. Average lumber prices rose 2% to $454 per thousand board feet, while manufacturing costs decreased due to increased production at the Waldo, Arkansas sawmill.
PotlatchDeltic maintained strong liquidity of $447 million as of March 31, 2025, and repurchased 93,100 shares for $4.1 million during the quarter. The company also declared a quarterly dividend of $0.45 per share.
Despite the positive results, Cremers noted that "the broader macroeconomic environment remains unpredictable," but expressed confidence in the company’s strong balance sheet and operational discipline to navigate future challenges.
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