• PotlatchDeltic Corporation (NASDAQ:PCH) reported an EPS of $0.066, beating the estimated loss.
• The company's revenue for the quarter was $258.1 million, exceeding expectations.
• Net income for the full year 2024 was $21.9 million, with revenues reaching $1.1 billion.

PotlatchDeltic Corporation (NASDAQ:PCH), a leading real estate investment trust (REIT) specializing in timberland and wood products, has recently outperformed market expectations. The company, which operates extensively in the United States, has shown a remarkable ability to compete with other timberland REITs such as Weyerhaeuser and Rayonier.

On January 27, 2025, PCH announced an earnings per share (EPS) of $0.066, surpassing the anticipated loss of $0.03. This performance indicates a significant turnaround from the previous year's results. The company's revenue for the quarter was approximately $258.1 million, also exceeding the estimated $240.5 million. For the quarter ending December 31, 2024, PCH reported a net income of $5.2 million, or $0.07 per diluted share, showcasing a substantial improvement from the same quarter in 2023, where it experienced a net loss.

For the entirety of 2024, PCH achieved a net income of $21.9 million, or $0.28 per diluted share, with total revenues reaching $1.1 billion. This marks a decrease compared to the previous year, where the company reported higher net income and revenues. However, the adjusted net income for 2023 was $35.0 million, or $0.43 per diluted share, excluding special items.

In 2024, PCH generated a total adjusted EBITDDA of $232.1 million, with a margin of 22%. The company also completed significant expansion and modernization of its sawmill in Waldo, Arkansas, and successfully sold 34,100 acres of Southern timberlands. The quarterly operating income was reported at $13.33 million, with an EBITDA of $13.33 million. The income before tax was $4.43 million, and PCH recorded an income tax benefit of $766,000, further highlighting its financial resilience and strategic growth initiatives.