PotlatchDeltic Corporation - Co
40.62-1.44 (-3.42%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · PCH · USD
Key Stats
Market Cap
3.14BP/E (TTM)
76.64Basic EPS (TTM)
0.53Dividend Yield
0.04%Recent Filings
8-K
Merger creates timber giant
PotlatchDeltic agreed to merge with Rayonier in an all-stock deal on October 13, 2025, creating a REIT with 4.2 million acres of timberland and 1.2 billion board feet lumber capacity. PotlatchDeltic shareholders get 1.7339 Rayonier shares per share, adjusted for Rayonier's $1.40 special dividend payable December 12, 2025. The combo eyes $40 million annual synergies within 24 months, yet integration risks loom amid regulatory hurdles. Deal closes early 2026.
8-K
PotlatchDeltic refinances $100M term loan
PotlatchDeltic secured a $127.5M unsecured Term Loan X on August 27, 2025, with $100M funded immediately as a Daily Simple SOFR Loan at SOFR plus 2.30%, maturing August 27, 2035, to refinance $100M of existing Term Loan J debt. The remaining $27.5M commitment steps up on February 2, 2026, offering flexible fixed, SOFR, or combined rate options. This extends maturities and bolsters liquidity, yet ties the company deeper to farm credit lenders.
8-K
Q3 2025 investor update released
PotlatchDeltic released its Q3 2025 investor presentation on August 18, highlighting a strategically managed 2.1 million-acre timberland portfolio with strong leverage to lumber prices amid favorable housing and repair/remodel trends. The company outlines 2025 guidance projecting 1.9-2.0 million tons of timber harvest, ~7.4 million tons of lumber shipments, and $60-65 million in capital expenditures, while advancing natural climate solutions like 34,000 acres under solar options with ~$400 million NPV. Waldo sawmill modernization promises 22% IRR and ~$25 million annual EBITDDA boost. Risks include lumber price volatility and execution challenges.
10-Q
Q2 FY2025 results
PotlatchDeltic's Q2 revenues dipped 14.3% y/y to $275M, yet operating income held steady at $13.8M while net income edged down to $7.4M from $13.7M, buoyed by higher lumber prices and shipments despite softer real estate sales. Wood Products turned profitable with $18M revenue growth from Waldo mill ramp-up, while Timberlands harvest volumes fell 3% y/y but Northern sawlog prices rose 20% to $136/ton. Cash stood at $95M with $1.0B debt (fixed via swaps) and $300M revolver fully available; free cash flow generated $62M YTD after $27M capex. Share repurchases accelerated to $60M YTD. Elevated mortgage rates continue to pressure housing starts.
8-K
Q2 earnings dip amid lumber woes
PotlatchDeltic reported Q2 2025 net income of $7.4 million on $275.0 million in revenues, down from $13.7 million on $320.7 million a year ago, as wood products grappled with soft lumber demand and higher log costs. Timberlands and real estate held steady, delivering adjusted EBITDDA of $39.6 million and $22.7 million, respectively. The company repurchased $55.9 million in shares. Solid liquidity persists at $395 million.
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