PotlatchDeltic Corp. today reported net income of $1.8 million, or $0.03 per diluted share, on revenues of $217.3 million for the quarter ended December 31, 2018. Excluding after-tax special items consisting of Deltic merger-related costs, adjusted net income was $2.7 million, or $0.04 per diluted share for the fourth quarter of 2018. Net income was $11.6 million, or $0.28 per diluted share, on revenues of $175.2 million [...]
PotlatchDeltic Corp. announced today the tax treatment for its dividend distributions made in 2018 on the company’s Common Stock. The total dividend distributions of $5.13809258 per share are classified for income tax purposes as $1.60 of Capital Gain Distributions and $3.53809258 as Qualified Dividends from the special dividend paid to distribute Deltic Timber Corporation’s accumulated earnings and profits [...]
PotlatchDeltic Corp. will release fourth quarter earnings on Monday, February 4th, after the market closes. A live conference call and webcast will be hosted by Michael J. Covey, chairman and chief executive officer on Tuesday, February 5th at 9:00 a.m. Pacific Time . Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investor Resources link or by conference call at 1-877-823-6919 for [...]
PotlatchDeltic Corp. today announced an agreement to sell its El Dorado Medium Density Fiberboard business to Roseburg Forest Products for a purchase price of approximately $92 million, consisting of $63 million in cash and assumption of $29 million of revenue bond obligations. “We obtained this well-positioned MDF business through our recent merger with Deltic Timber. The sale of MDF focuses our Arkansas operations [...]
The board of directors of PotlatchDeltic Corp. has declared a quarterly distribution on the Company's common stock. This release updates an earlier press release to correct the record and payment dates. The distribution of $0.40 per share is payable December 28, 2018 to stockholders of record on December 18, 2018. The distribution returns $27 million to shareholders, a 7.7% increase from the $25 million paid to [...]
The board of directors of PotlatchDeltic Corp. has declared a quarterly distribution on the Company's common stock. The distribution of $0.40 per share is payable December 31, 2018 to stockholders of record on December 7, 2018. The distribution returns $27 million to shareholders, a 7.7% increase from the $25 million paid to shareholders the last three quarters. The distribution is payable on the Company’s current [...]
PotlatchDeltic Corp. today announced payment of the previously announced $222 million special dividend. The dividend consisted of approximately 4.8 million shares of common stock and $44.4 million in cash. The special dividend is payable to shareholders of record as of September 27 in connection with the distribution of the accumulated earnings and profits of Deltic Timber Corporation as of February 20, 2018, the date [...]
PotlatchDeltic Corp. today announced that it will distribute approximately 4.8 million shares to pay the stock portion of its special dividend. This distribution is based on the volume weighted average price for PotlatchDeltic common stock over the period from November 12 through November 14 of $36.88. The special dividend is payable to shareholders of record as of September 27 in connection with the distribution of the [...]
PotlatchDeltic Corp. today announced the preliminary results of the shareholder election relating to a special dividend of the accumulated earnings and profits of Deltic Timber Corporation as of February 20, 2018, the date Deltic merged into a wholly-owned subsidiary of the company. Shareholders of record at the close of business on September 27, 2018 were able to elect stock or cash for the special dividend of $222 [...]
PotlatchDeltic Corp. today reported net income of $60.4 million, or $0.93 per diluted share, on revenues of $289.2 million for the quarter ended September 30, 2018. Third Quarter 2018 Highlights Consolidated Adjusted EBITDDA of $101.8 million and Adjusted EBITDDA margin of 35% Wood Products Adjusted EBITDDA of $46.5 million and Adjusted EBITDDA margin of 23% Achieved $51 million in after-tax annual cash synergy run rate [...]
PotlatchDeltic Corp. will release third quarter earnings on Monday, October 29th, before the market opens. A live conference call will follow hosted by Michael J. Covey, chairman and chief executive officer at 8:00 a.m. Pacific Time . Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investor Resources link or by conference call at 1-866-393-8403 for U.S./Canada and 1-706-679-7929 for [...]
PotlatchDeltic Corp. announced today that its Board of Directors approved a new $100 million share repurchase program. “Returning cash to our shareholders is an important part of our capital allocation strategy,” said Mike Covey, chairman and chief executive officer. “Our Board has confidence in our business outlook and our ability to continue generating strong cash flows. This new share repurchase [...]
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