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PotlatchDeltic's (PCH) CEO Mike Covey on Q1 2018 Results - Earnings Call Transcript

May 04, 2018 9:30 PM ETPotlatchDeltic Corporation (PCH)
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PotlatchDeltic Corporation (NASDAQ:PCH) Q1 2018 Earnings Conference Call May 4, 2018 12:00 PM ET


Jerry Richards - Vice President and Chief Financial Officer

Mike Covey - Chairman and Chief Executive Officer

Eric Cremers - President and Chief Operating Officer


John Babcock - Bank of America Merrill Lynch

Gail Glazerman - ROE Equity Research

Ketan Mamtora - BMO Capital Markets

Collin Mings - Raymond James

Chip Dillon - Vertical Research

Paul Quinn - RBC Capital Markets


Good morning. My name is Ian, and I will be your conference operator today. At this time, I would like to welcome everyone to the PotlatchDeltic First Quarter 2018 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session [Operator Instructions] Thank you.

I would now like to turn the call over to Mr. Jerry Richards, Vice President and Chief Financial Officer for opening remarks. Sir, you may proceed.

Jerry Richards

Thank you, Ian, and good morning. Welcome to the PotlatchDeltic’s investor call and webcast covering our first quarter 2018 earnings. With me in the room are Mike Covey, Chairman and Chief Executive Officer; and Eric Cremers, President and Chief Operating Officer.

This call will contain forward-looking statements. Please review the warning statements in our press release, on the presentation slides and in our filings with the SEC concerning the risks associated with these forward-looking statements. Also, please note that a reconciliation of non-GAAP measures can be found on our Web site at www.potlatchdeltic.com.

I will now turn the call over to Mike for some comments and then I will cover our first quarter results and outlook.

Mike Covey

Thanks, Jerry and good morning. First question results exceeded our expectations and we’re optimistic about the balance of 2018 for many

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