Michael Covey - PotlatchDeltic Corp Chairman

PCH Stock  USD 44.84  0.01  0.02%   

Chairman

Mr. Michael J. Covey is Chairman of the Board, Chief Executive Officer of the Company. He was a director since February 2006. Our Chief Executive Officer since February 2006 and President and Chief Executive Officer from 2006 to 2013, Mr. Covey was Chairman since January 1, 2007. Prior to joining PotlatchDeltic in February 2006, he was employed for 23 years by Plum Creek Timber Company, Inc., a REIT formerly traded on NYSE until it was acquired by Weyerhaeuser Company in February 2016, where he served as Executive Vice President from August 2001 until shortly before joining PotlatchDeltic in February 2006. Mr. Covey has served as a director of Esterline Corporationrationration, a publicly traded aerospace manufacturing company since 2017. As our Chief Executive Officer, Mr. Covey has a deep understanding of all aspects of our business and operations since 2013.
Age 64
Tenure 11 years
Address 601 West First Avenue, Spokane, WA, United States, 99201-0603
Phone509 835 1500
Webhttps://www.potlatchdeltic.com
Covey has a strong background in timberlands, real estate and forest products, with extensive executivelevel experience in financial and operational management of timberlands and wood products and other manufacturing facilities. In addition, Mr. Covey has experience managing a REIT, with an operational understanding of the requirements associated with maintaining REIT status. We believe Mr. Covey’s deep knowledge of our industry, his deep understanding of our business and operations and his service on another public company’s board enable him to facilitate the Board’s oversight role.

Michael Covey Latest Insider Activity

Tracking and analyzing the buying and selling activities of Michael Covey against PotlatchDeltic Corp stock is an integral part of due diligence when investing in PotlatchDeltic Corp. Michael Covey insider activity provides valuable insight into whether PotlatchDeltic Corp is net buyers or sellers over its current business cycle. Note, PotlatchDeltic Corp insiders must abide by specific rules, including filing SEC forms every time they buy or sell PotlatchDeltic Corp'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

PotlatchDeltic Corp Management Efficiency

The current Return On Tangible Assets is estimated to decrease to 0.02. The current Return On Capital Employed is estimated to decrease to 0.03. As of now, PotlatchDeltic Corp's Intangibles To Total Assets are increasing as compared to previous years. PotlatchDeltic Corp's management efficiency ratios could be used to measure how well PotlatchDeltic Corp manages its routine affairs as well as how well it operates its assets and liabilities.
PotlatchDeltic Corp has 1.03 B in debt with debt to equity (D/E) ratio of 0.43, which is OK given its current industry classification. PotlatchDeltic Corp has a current ratio of 3.91, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for PotlatchDeltic to invest in growth at high rates of return.

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PotlatchDeltic is a leading Real Estate Investment Trust that owns 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. PotlatchDeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance. Potlatch operates under REITSpecialty classification in the United States and is traded on NASDAQ Exchange. It employs 1299 people. PotlatchDeltic Corp (PCH) is traded on NASDAQ Exchange in USA. It is located in 601 West First Avenue, Spokane, WA, United States, 99201-0603 and employs 1,384 people. PotlatchDeltic Corp is listed under Specialized REITs category by Fama And French industry classification.

Management Performance

PotlatchDeltic Corp Leadership Team

Elected by the shareholders, the PotlatchDeltic Corp's board of directors comprises two types of representatives: PotlatchDeltic Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PotlatchDeltic. The board's role is to monitor PotlatchDeltic Corp's management team and ensure that shareholders' interests are well served. PotlatchDeltic Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PotlatchDeltic Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Glen Smith, Chief Officer
Anna Torma, Vice President
Michele Tyler, General VP
Michael Covey, Chairman of The Board, CEO and Member of Fin. Committee
Eric Cremers, President, COO, Director and Member of Fin. Committee
Thomas Temple, VP of Wood Products and Southern Resource
Wayne Wasechek, Principal Accounting Officer, Controller
Ashlee Cribb, VP Products
Darin Ball, Vice President - Resources
Jerald CPA, VP CFO
Robert Schwartz, Vice Resources

PotlatchDeltic Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is PotlatchDeltic Corp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether PotlatchDeltic Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PotlatchDeltic Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Potlatchdeltic Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Potlatchdeltic Corp Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PotlatchDeltic Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
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Is Specialized REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PotlatchDeltic Corp. If investors know PotlatchDeltic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PotlatchDeltic Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.86)
Dividend Share
1.8
Earnings Share
0.2
Revenue Per Share
13.309
Quarterly Revenue Growth
(0.04)
The market value of PotlatchDeltic Corp is measured differently than its book value, which is the value of PotlatchDeltic that is recorded on the company's balance sheet. Investors also form their own opinion of PotlatchDeltic Corp's value that differs from its market value or its book value, called intrinsic value, which is PotlatchDeltic Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PotlatchDeltic Corp's market value can be influenced by many factors that don't directly affect PotlatchDeltic Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PotlatchDeltic Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if PotlatchDeltic Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PotlatchDeltic Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.