SPOKANE, Washington — PotlatchDeltic reported a net loss of $0.3 million on revenues of $228.1 million for the quarter ended March 31, 2024. Net income was $16.3 million on revenues of $258.0 million for the quarter ended March 31, 2023. Excluding CatchMark merger-related expenses, adjusted net income was $18.5 million for the first quarter of 2023. Highlights include: Generated Total Adjusted EBITDDA of $29.7 million and Total Adjusted EBITDDA margin of 13%; Acquired 16,000 acres of high-quality mature Southern timberlands for $31 million, or $1,900/acre; Announced agreement to sell 34,000 acres of under four-year aged Southern timberlands for $58 million, or $1,700/acre; On track to complete our expansion and modernization of Waldo, Arkansas sawmill in 2024; and Maintained strong liquidity of $479 million as of March 31, 2024.