NASDAQ$PCH

PotlatchDeltic Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

PotlatchDeltic reported record earnings driven by historic lumber prices.

PotlatchDeltic Corporation reported net income of $187.9 million, or $2.77 per diluted share, on revenues of $447.5 million for the quarter ended June 30, 2021. Lumber prices continued their historic run in the second quarter, driving another quarter of record financial performance.

  • Generated record Total Adjusted EBITDDA of $275.0 million and Total Adjusted EBITDDA margin of 61%
  • Historic lumber prices drove record Wood Products Adjusted EBITDDA of $204.6 million
  • Record Timberlands Adjusted EBITDDA of $77.2 million propelled by higher Idaho sawlog prices
  • Extended strong liquidity position to $891 million as of Q2 2021

Headline financials

Total Revenue

$448M

Previous: $182M+146.5%
EPS (adj)

$2.79

Previous: $0.04+6875.0%
Rural Land Acres Sold

2.6K

Previous: 5.5K-53.0%
Residential Lots Sold

19

Previous: 17+11.8%
Capital Expenditures

-$2.19M

Previous: -$4.73M+53.7%
Free Cash Flow

$339M

Previous: $83.2M+307.6%
Net Income

$188M

Previous: $2.64M+7023.0%
Operating Income

$250M

Previous: $14.9M+1578.4%
Gross Profit

$270M

Previous: $31.7M+750.4%
Cash & Equivalents

$512M

Previous: $81M+532.2%
Total Assets

$2.68B

Previous: $2.21B+21.7%
Stock-Based Comp

$2.14M

Previous: $1.98M+8.1%

Revenue & EPS history

PotlatchDeltic · Revenue · Quarterly

$448M

Q2 2021+146.5%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

PotlatchDeltic · $495M total across 3 segments · Q2 2021

  • Wood Products
    $358M+183.4%
  • Timberlands
    $121M+80.0%
  • Real Estate
    $16M+22.1%

Forward guidance

The company is very well positioned to continue growing shareholder value and execute on its disciplined capital allocation strategy, including paying a meaningful special dividend in the fourth quarter of 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports

Historical avg

-0.2%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.2%

Avg return

30 days after

51%

34 / 67 earnings

Positive

+7.6%

Q3 2015

Best reaction

-10.3%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025+0.1%+6.3%-0.2%
Q2 2025+2.7%+1.7%+2.7%
Q1 2025-0.8%-0.2%+1.6%
Q4 2024-0.8%+4.5%+7.9%
Q3 2024-4.0%-1.7%+5.4%
Q2 2024+4.9%-0.1%-0.5%
Q1 2024-0.7%-3.8%-14.9%
Q4 2023+1.0%-1.1%-7.0%
Q3 2023+3.0%-0.2%+2.6%
Q2 2023-0.6%-0.2%-7.7%
Q1 2023+1.2%+1.0%-3.8%
Q4 2022-2.7%-5.5%+0.9%
Q3 2022-0.0%-1.8%+8.4%
Q2 2022+2.9%-0.0%-3.2%
Q1 2022-0.3%-2.9%+3.3%
Q4 2021-3.0%-3.7%+1.0%
Q3 2021-2.7%
Q2 2021+1.0%
Q1 2021+3.3%
Q4 2020+2.5%
Q3 2020-9.4%
Q2 2020+2.0%
Q1 2020-10.3%
Q4 2019+0.0%
Q3 2019-2.8%
Q2 2019-7.3%
Q1 2019+0.1%
Q4 2018-1.5%
Q3 2018+3.0%
Q2 2018-0.9%
Q1 2018-0.1%
Q4 2017-3.8%
Q3 2017-3.5%
Q2 2017+1.8%
Q1 2017+1.0%
Q4 2016+2.4%
Q3 2016+0.6%
Q2 2016+0.1%
Q1 2016+0.4%
Q4 2015+2.4%
Q3 2015+7.6%
Q2 2015+0.4%
Q1 2015-0.8%
Q4 2014-0.8%
Q3 2014-1.7%
Q2 2014+1.4%
Q1 2014+3.2%
Q4 2013+0.3%
Q3 2013-1.0%
Q2 2013+1.5%
Q1 2013-0.8%
Q4 2012+0.4%
Q3 2012-0.1%
Q2 2012+0.7%
Q1 2012+0.4%
Q4 2011-0.5%
Q3 2011-5.0%
Q2 2011-1.6%
Q1 2010-1.9%
Q1 2011+2.1%
Q4 2008-1.1%
Q4 2010-1.1%
Q3 2010-0.1%
Q3 2009-0.1%
Q2 2010+1.7%
Q2 2009+1.7%
Q4 2009+1.7%

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