PotlatchDeltic Corp. (PCH) disclosed its third-quarter earnings, revealing a decline compared to the previous year but outperforming market expectations.
The company reported a profit of $3.3 million, translating to $0.04 per share. This is a decrease from last year's third-quarter earnings of $23.7 million, or $0.29 per share.
When excluding special items, PotlatchDeltic's adjusted earnings stood at $3.3 million, or $0.04 per share for the quarter.
Analysts, based on data provided by Thomson Reuters, had anticipated an average loss of $0.06 per share. Analysts' forecasts typically do not account for special items.
The company's quarterly revenue experienced a 3.9% decline, dropping to $255.131 million from $265.509 million in the corresponding period last year.
Summary of PotlatchDeltic Corp.'s earnings (GAAP):
- Earnings for Q3: $3.3 million compared to $23.7 million the previous year.
- EPS for Q3: $0.04 versus last year's $0.29.
- Revenue for Q3: $255.131 million compared to $265.509 million the prior year.
