Benzinga | Oct 26, 2020 04:31PM EDT

PotlatchDeltic: Q3 Earnings Insights

Shares of PotlatchDeltic (NASDAQ:PCH) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 300.00% year over year to $1.20, which beat the estimate of $1.13.

Revenue of $313,046,000 higher by 38.33% year over year, which beat the estimate of $308,360,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $48.13

52-week low: $22.40

Price action over last quarter: Up 4.16%

Company Overview

PotlatchDeltic is a REIT that owns and manages forestland in Alabama, Arkansas, Idaho, Minnesota, and Mississippi. Potlach operates in three segments. The timberlands segment covers the planting and harvesting of trees, as well as the construction and maintenance of roads. The wood products segment manufactures and distributes lumber, plywood, and other wood products. The real estate segment covers the sales generated from company-owned timberlands, as well as the commercial and residential properties. The timberlands and the wood product segments combined drive the majority of the company's revenue.