The company has not filed an annual or quarterly report since its Q2 FY2022 10-Q, filed Aug 4, 2022. Its latest SEC filing is a SC 13G/A from Feb 13, 2023.
10-Q for Q2 FY2022, filed Aug 4, 2022
The sections below describe the company as of the FY2021 annual report.
Sells timber from its U.S. South timberlands to pulp, paper and wood-products mills, and sells timberland parcels to land buyers.
10-K for FY2021, filed Mar 3, 2022CatchMark Timber Trust, Inc. ("CatchMark Timber Trust") (NYSE: CTT) owns and operates timberlands located in the United States and has…View ↗
As of December 31, 2021, we wholly owned interests in 369,700 acres of high-quality industrial timberlands located in the U.S. South…View ↗
Maximize Profitability on Timber Sales. We actively manage our log merchandising efforts together with delivered and stumpage sales with…View ↗
Timber buyers pay when wood is delivered or cut, generally within a month; land buyers generally pay in cash at closing. CatchMark also earns fees for managing joint ventures.
10-K for FY2021, filed Mar 3, 2022Contractual terms of each timber sale, including pricing and volume for the respective product, are negotiated and entered into by the…View ↗
Performance obligations associated with timberland sales are met when all conditions of closing have been satisfied. Revenue for timberland…View ↗
We also seek to create additional value from economic realization of environmental initiatives, including carbon sequestration, wetlands…View ↗
$102.2M
10-K for FY2021, filed Mar 3, 2022
$102.2M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Timber sales
Sold outright
10-K for FY2021, filed Mar 3, 2022 |
71%
FY2018: 71%
|
Timber sales, FY2021
$72.5M Sources
|
Sold outright |
|
Timberland sales
Sold outright
10-K for FY2021, filed Mar 3, 2022 |
14%
FY2018: 18%
|
Timberland sales, FY2021
$14.1M Sources
|
Sold outright |
|
Management Service
|
11%
FY2018: 5.7%
|
Management Service, FY2021
$11.5M Sources
|
|
|
Other revenues
|
4.0%
FY2018: 5.4%
|
Other revenues, FY2021
$4.1M Sources
|
Timber buyers include pulp, paper and wood-products mills; WestRock purchases timber under supply agreements. CatchMark also manages timberland joint ventures with institutional equity partners.
10-K for FY2021, filed Mar 3, 2022As of December 31, 2021, we wholly owned interests in 369,700 acres of high-quality industrial timberlands located in the U.S. South…View ↗
We are party to a master stumpage agreement and a fiber supply agreement (collectively, the “Mahrt Timber Agreements”) with a wholly-owned…View ↗
We also seek to create additional value from economic realization of environmental initiatives, including carbon sequestration, wetlands…View ↗
10-K for FY2021, filed Mar 3, 2022
For the years ended December 31, 2021, 2020, and 2019, WestRock represented 16%, 15%, and 16% of CatchMark's total revenues, respectively.…View ↗
Yes. It kept 57 cents of every revenue dollar as net income in FY2021 and turned 46 cents into free cash flow.
10-Q for Q2 FY2022, filed Aug 4, 2022
−$4.5MView ↗
10-Q for Q2 FY2022, filed Aug 4, 2022
Open tableView ↗
8-K, filed Sep 15, 2022
Class A Common Stock: At the effective time of the Company Merger (the “Company Merger Effective Time”), each share of Class A Common Stock…View ↗
Grew. Revenue grew 12% in 4 years, from $91.3M in FY2017 to $102.2M in FY2021, about 3% a year.
A narrower timberland footprint
The older report included Oregon timberlands and a large East Texas joint venture; the latest describes wholly owned timberlands in the U.S. South and reports the Triple T exit.
10-K for FY2018, filed Mar 1, 2019 10-K for FY2021, filed Mar 3, 2022In addition to our wholly-owned timber assets, as of December 31, 2018, we owned a common limited partnership interest in the Triple T…View ↗
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