PotlatchDeltic Corp. has reported second-quarter net income of about $7.4 million, or 9 cents per diluted share, down from the Spokane-based company’s net income of $13.7 million, or 17 cents per share, in Q2 2024.

PotlatchDeltic’s earnings are also down from Q1 this year, when the company posted net income of $25.8 million.

"Our overall financial results were solid in the second quarter, even amid ongoing economic and trade policy uncertainty,” says Eric Cremers, president and CEO of PotlatchDeltic, in a press release. “This quarter, our timberlands and real estate businesses performed well, while our wood products segment continued to be impacted by soft demand across lumber markets.”

Through the six months ended June 30, the wood products company and real estate investment trust reported net income of $33.2 million, up nearly $20 million from the year-earlier period.

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.