Spokane-based PotlatchDeltic Corp. has reported first-quarter net income of about $25.8 million, or 33 cents per diluted share, up from a net loss of about $300,000 in the year-earlier quarter.

The first-quarter earnings also exceeded the previous quarter's performance, when the wood products company and real estate investment trust posted net income of about $5.2 million, or 7 cents per share.

"For the first quarter, we delivered solid operational results across all of our business segments despite the prevailing economic and trade policy uncertainties affecting the market," says PotlatchDeltic President and CEO Eric Cremers in a press release.

PotlatchDeltic owns 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina. Through a subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business, and a rural timberland sales program.

Stock in PotlatchDeltic (Nasdaq: PCH) traded at $39.44 per share at the close of the market on April 28, up from its 52-week low of $36.82 and below its 52-week high of $48.12.