PotlatchDeltic Corporation Reports Second Quarter 2025 Results

PotlatchDeltic Corporation reported net income of $7.4 million, or $0.09 per diluted share, on revenues of $275.0 million for the quarter ended June 30, 2025. Net income was $13.7 million, or $0.17 per diluted share, on revenues of $320.7 million for the quarter ended June 30, 2024.

Second Quarter 2025 Highlights

• Generated Total Adjusted EBITDDA of $52.0 million and Total Adjusted EBITDDA margin of 18.9%
• Repurchased 1,418,800 shares for $55.9 million, or $39 per share
• Maintained strong liquidity of $395 million as of June 30, 2025

“Our overall financial results were solid in the second quarter, even amid ongoing economic and trade policy uncertainty,” said Eric Cremers, President and Chief Executive Officer. “This quarter our Timberlands and Real Estate businesses performed well, while our Wood Products segment continued to be impacted by soft demand across lumber markets. We remained focused on our disciplined and opportunistic capital allocation strategy during the quarter, returning meaningful capital to shareholders through the repurchase of $56 million of our common stock, in addition to paying our regular quarterly dividend. Looking ahead, we remain confident in the long-term fundamentals that support demand for our products. With a strong balance sheet, disciplined operations, and a prudent approach to capital deployment, we believe we are well-positioned to deliver long-term value to our shareholders.”

Business Performance: Q2 2025 vs. Q1 2025

Timberlands

Second Quarter 2025 Highlights

• Timberlands Adjusted EBITDDA decreased $2.8 million from Q1 2025
• Northern sawlog prices increased primarily due to higher cedar prices and seasonally lighter logs
• Southern harvest volumes decreased primarily due to lower stumpage sales
• Forest management costs increased due to seasonally higher activity

Wood Products

Second Quarter 2025 Highlights

• Wood Products Adjusted EBITDDA decreased $10.0 million from Q1 2025
• Average lumber price decreased 1% to $450 per thousand board feet (MBF) in Q2 2025
• Log costs increased primarily due to higher indexed pricing in Idaho
• Lumber inventory charge was $3.0 million higher compared to Q1 2025
• Per-unit manufacturing cost unfavorably impacted by $2.8 million from St. Maries equipment upgrade and temporary third-party power supply issue at Waldo

Real Estate

Second Quarter 2025 Highlights

• Real Estate Adjusted EBITDDA was flat compared to Q1 2025
• Sold 7,457 acres of rural land at an average price of $3,108 per acre
• Sold 18 residential lots at an average price of $102,222 per lot

For full results click here.

About PotlatchDeltic

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) with ownership of 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to corporate responsibility. More information can be found at www.potlatchdeltic.com.

Contact:

Wayne Wasechek – Investor Contact – (509) 835-1521

Source: PotlatchDeltic Corporation