February 29, 2024
PotlatchDeltic Company (NASDAQ:PCH) This fall 2023 Earnings Convention Name January 30, 2024 12:00 PM ET

Firm Contributors

Eric Cremers – President and CEO

Wayne Wasechek – Vice President and CFO

Convention Name Contributors

George Staphos – Financial institution of America

Anthony Pettinari – Citigroup

Ketan Mamtora – BMO Capital Markets

Michael Roxland – Truist Securities

Matthew McKellar – RBC Capital Markets

Kurt Yinger – D.A. Davidson

Mark Weintraub – Seaport World

Operator

Good morning. My title is Rob, and I can be your convention operator immediately. Presently, I want to welcome everybody to the PotlatchDeltic Fourth Quarter 2023 Convention Name. All traces have been positioned on mute to stop any background noise. After the audio system’ remarks, there can be a question-and-answer session. [Operator Instructions]. Thanks.

I might now like to show the decision over to Mr. Wayne Wasechek, Vice President and Chief Monetary Officer for opening remarks. Sir, you could proceed.

Wayne Wasechek

Good morning and welcome to PotlatchDeltic’s fourth quarter 2023 earnings convention name. Becoming a member of me on the decision is Eric Cremers, PotlatchDeltic’s President and Chief Government Officer. This name will comprise forward-looking statements. Please evaluation the warning statements in our press launch, on the presentation slides and in our filings with the SEC concerning the dangers related to these forward-looking statements. Additionally, please observe {that a} reconciliation of non-GAAP measures may be discovered on our web site at www.potlatchdeltic.com.

I’ll flip the decision over to Eric for some feedback, after which I’ll evaluation our fourth quarter outcomes and our 2024 outlook.

Eric Cremers

Properly, thanks, Wayne. Good morning, everybody. We reported complete adjusted EBITDA of $200 million for 2023 after the market closed yesterday. That’s our fifth highest stage of annual EBITDA on document since electing REIT standing in 2006. We completed this regardless of a comparatively weak lumber pricing surroundings, which displays our