Overview

* PotlatchDeltic ( PCH ) Q2 revenue of $275 mln beats analyst expectations

* Adjusted EPS of $0.09 misses analyst estimates, per LSEG data

* Co repurchased 1.4 mln shares for $55.9 mln, reflecting capital allocation strategy

Outlook

* Company confident in long-term fundamentals supporting product demand

* PotlatchDeltic ( PCH ) sees soft demand impacting Wood Products segment

* Company emphasizes strong balance sheet and disciplined capital strategy

Result Drivers

* TIMBERLANDS - Lower stumpage sales and increased forest management costs impacted results

* WOOD PRODUCTS - Segment affected by soft lumber market demand and increased log costs

* REAL ESTATE - Stable performance with land and residential lot sales contributing to revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $275 mln $260.50

Revenue mln (7

Analysts

)

Q2 Miss $0.09 $0.12 (7

Adjusted Analysts

EPS )

Q2 EPS $0.09

Q2 Miss $7.40 $8.50

Adjusted mln mln (7

Net Analysts

Income )

Q2 Net $7.40

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for Potlatchdeltic Corp ( PCH ) is $50.50, about 17% above its July 25 closing price of $41.94

* The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 49 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)