PotlatchDeltic owns nearly 2.2 million acres of timberland and operates seven manufacturing facilities that produce lumber and plywood. We unlock value in lands that have a higher and better use than timberland and continue to grow our timber base. Through sustainable stewardship of our resources and efficient production at our facilities, we strive to provide economic benefit to the communities in which we operate and superior returns to our shareholders.
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"Third quarter 2022 marked another important milestone in our company’s history as we successfully closed our merger with CatchMark, further diversifying our timberland ownership into some of the strongest markets in the U.S. South,” said Eric Cremers, president and chief executive officer. “Overall, we have acquired almost 500,000 acres of timberlands in the last year at relatively attractive prices, increasing our stable cash flows. All of our businesses continue to perform well and we generated Total Adjusted EBITDDA of $101 million in the third quarter. Our strong balance sheet and liquidity provide a high degree of flexibility as we navigate the current economic environment, along with the ability to continue growing shareholder value." stated Mr. Cremers.
Eric Cremers - President and CEO