PotlatchDeltic Corporation reports positive Q3, 2022 results

By PotlatchDeltic Corporation
Business Wire
October 24, 2022
Category: Finance & Economics
Region: United States, US West

SPOKANE, Washington — PotlatchDeltic reported net income of $46.0 million, or $0.64 per diluted share, on revenues of $306.7 million for the quarter ended September 30, 2022. Excluding after tax special items consisting of a gain on insurance recoveries and CatchMark merger related expenses, adjusted net income was $53.2 million for the third quarter of 2022. Net income was $65.7 million on revenues of $287.3 million for the quarter ended September 30, 2021. …Eric Cremers, CEO said, “Overall, we have acquired almost 500,000 acres of timberlands in the last year at relatively attractive prices, increasing our stable cash flows. All of our businesses continue to perform well and we generated Total Adjusted EBITDDA of $101 million in the third quarter.

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