PotlatchDeltic owns nearly 1.8 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.
“While lumber prices declined in the third quarter, they bottomed at a high level and EBITDDA of $107 million was still an excellent quarter for the company,” said Eric Cremers, president and chief executive officer. "Looking ahead, lumber prices have continued to increase in the fourth quarter and the outlook on housing fundamentals that drive our business remains positive. Additionally, we continue to expect to pay a special dividend in December and estimate the amount will be $3 to $5 per share," stated Mr. Cremers.
Eric Cremers - President and CEO