POTLATCHDELTIC CORP SEC 10-Q Report

PotlatchDeltic Corp, a leading timberland and wood products company, has released its Form 10-Q report for the second quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational activities, reflecting the challenges and achievements faced during the period.

Financial Highlights

Revenues: $274.985 million, a decrease of $45.686 million compared to the second quarter of 2024, primarily due to fewer large-scale rural real estate transactions.

Operating Income: $13.846 million, down by $3.6 million from the second quarter of 2024, mainly due to lower revenues.

Net Income: $7.354 million, a decrease of $6.324 million compared to the second quarter of 2024, reflecting lower revenues and increased interest expenses.

Net Income Per Share (Basic): $0.09, down from $0.17 in the second quarter of 2024.

Net Income Per Share (Diluted): $0.09, down from $0.17 in the second quarter of 2024.

Business Highlights

Revenue Segments

• Timberlands Segment: Reported revenues of $101.7 million for Q2 2025, with the Northern region contributing $47.5 million and the Southern region $54.2 million.
• Wood Products Segment: Generated $171.8 million, driven by increased lumber shipments and higher prices.
• Real Estate Segment: Saw revenues of $29.1 million, significantly lower than the previous year due to fewer large-scale land sales.

Geographical Performance

• Northern Region: Sawlog prices increased by 20.4% to $136 per ton, driven by higher cedar sawlog prices and indexed sawlog prices in Idaho. The region also experienced a 4.8% increase in total harvest volume for the first half of 2025.
• Southern Region: Sawlog prices remained stable.

Sales Units

• Timberlands Segment: Reported a total harvest volume of 1.8 million tons for Q2 2025, a decrease from the previous year.
• Wood Products Segment: Shipped 302,915 MBF of lumber in Q2 2025, an increase of 17,265 MBF from Q2 2024, reflecting improved production capacity.

New Production Launches

• The Waldo, Arkansas sawmill completed its ramp-up in early 2025 following its expansion and modernization project, contributing to increased production and shipment volumes in the Wood Products segment.

Future Outlook

• The company expects to harvest 1.9 to 2.0 million tons of timber during Q3 2025, with approximately 80% from the Southern region.
• The Wood Products segment anticipates shipping between 310 and 320 million board feet of lumber in Q3 2025.
• The Real Estate segment plans to sell approximately 15,000 rural acres and 50 residential lots in Chenal Valley during Q3 2025.

SEC Filing: POTLATCHDELTIC CORP [ PCH ] - 10-Q - Aug. 01, 2025