CTT - CatchMark GAAP EPS of $0.70 misses by $0.02 revenue of $20.46M misses by $1.15M

CatchMark press release (NYSE:CTT): Q4 GAAP EPS of $0.70 misses by $0.02. Revenue of $20.46M (-33.9% Y/Y) misses by $1.15M. The company also declared a cash dividend of $0.075 per share for its common stockholders of record as of February 28, 2022, payable on March 15, 2022. Achieved full-year Adjusted EBITDA of $49.4 million, at the higher-end of company's guidance range. Achieved full-year U.S. South timber sales pricing 17% and 14% higher than prior year for pulpwood and sawtimber, respectively, and fourth quarter U.S. South pricing 32% and 21% higher than 2020, respectively, driven by strong market fundamentals. Outlook: For full-year 2022, CatchMark projects a GAAP net loss between $5 million and $7 million and Adjusted EBITDA between $35 million and $41 million. Harvest volumes are forecast between 1.6 million and 1.8 million tons, reflecting consistent annual productivity on a per-acre basis, with a sawtimber mix of approximately 45-50%. Harvests are expected

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CatchMark GAAP EPS of $0.70 misses by $0.02, revenue of $20.46M misses by $1.15M