these further capital used pay concluding now, proceeds exit dispositions executed. first quarter the Good and were morning, for in capital lot the to for A review. has was third from T strategy of and us joining earnings happened Bandon was position. strengthen large our call debt sale Ursula. Thanks, our finalized for everyone. Triple And for August. The down our thank our today since last The recycling you transactions week
presence weather continue while our our to refocused maintaining advantages. challenges wet dealing our with on concentrate And expanding the operations, in premier we We pricing harvest successfully U.S. optimizing on
adjusted XXXX solidly CatchMark markets. guidance. generate track end of full top takeaways year on today to EBITDA The key at our new remains the South's
after We exceed over business also are to and further expect full the and our well months, positioned sheet net strengthening last XX we income simplifying CatchMark's guidance, growth. for year balance
delivered during Our timber timberlands prime supplemented third direct pulpwood ongoing long our in delivered This standing by both nation's pricing sawtimber. in and investments higher the stumpage well averages result year-over-year market U.S. we significantly sales, middle wood strategy a was for sales. to opportunistic a leading captured, which higher using is the markets of operations and harvest pricing again the also The above our quarter model and concentrate
lower also South the capital the share. successful wet renewed Northwest, in expanding focus in sale significant helped marks harvest earnings scale gain The U.S. It net in region persistent Pacific program due around make for up primary now in large the quarterly for August, Bandon dispositions income recycling registered in achieving a closed on end volumes and was a operations leading which conditions. increasing and our driver year-over-year of record to of per the and our and
used much acquisitions, have credit and capital initiatives. down so and provide from achieved revenue success. exit markets the liquidity facilities have mill South Proceeds to ample Triple our environmental well position to as we and T been of result where pursue producing as Bandon a debt pay as
are we growth emphasize, mode. me in Let a
credits increasing should industry involving prudent market initiatives anticipated premiums, meet energy. and EBITDA and sequestration capitalize challenges we on of our Our in in demand our market acquisitions, environmental and climate carbon to stable opportunities per-acre harvest bank are which also The securing while already realization helps value pursuing leading mitigation solar sustain merchantable objective inventory. per-acre is to be disciplined pricing maintaining
Bluffs Dawsonville successful already a bank mitigation demonstrated joint track transactions our with in have venture. record We
we operating product And Georgia have recovery Materials, We a those supporting have have credits. of our Buyers including demand publicly housing, go-forward Department fundamentals acquired The included remain perspective, dynamics wood for outlook more sustained. and a we million. total Transportation, sold growth nearly economic and than cities and household municipalities. be various formation, waste need $XX have XX% credits traded but pricing business in are strong, products. for the of the of to-date service in and market From company before discussed in we counties current Vulcan housing place, a to created XXX,XXX management
U.S. Our
South on projects, robust other global timber and as serving which ongoing leveraging leading as regional as reinforce nation's region an population expansion expansion and based strategy greenfield regional baskets, well a markets. is the mill standing domestic
averages. New to XX% continue demand for positioned the sales. prime sales through our premiums will are quarter, added and CatchMark create for to those were and and stumpage timberlands In premiums South delivered mill sawtimber South, capacity wide pulpwood pricing third timber respectively optimizing mart pricing and above capture harvests, XX%
Strong were respectively and both and quarter. the U.S. XX% above the pricing in prices X% stumpage and prior-year Our sawtimber pulpwood
from South harvest the resulted in revenues the reduction due regional U.S. XX% volumes the quarter down timber third a increase conditions Bandon revenue wet and year-over-year. weather X% overall disposition in offset down timber and And region XX% harvest in in resulted sales the sales XX% in year-over-year to year-over-year. large primarily Lower
with quarter, sales sold line year full in achieving pickup also with the to anticipated half as in full a the full guidance South quarter, But just land quarters million sales the activity with sales range of year the performance third of per-acre. exceeded our totaling guidance. $XX.X on $X as us also combined our quarter Investment we second guidance. midpoint comparable September strong completed keeps midpoint XX. us on year year, and million fewer harvest The land fourth year-over-year the acres already weather fourth Management plan. of In the for in first of in track in the target target achieve as under keep the of XX% lower those prices conditions. well have a at harvest sales together a timberland for But first sales was
Triple joint Dawsonville result credit for recent of XXXX the agreement, with XXXX. Bluffs the of fee was In fees promote management million. through return year-over-year Asset sales. connection March transition asset T bank a investment September provide the by venture management effective comparable were for the mitigation agreement agreement XX, services strong a services X, Under redemption as from exceeding a will hurdles including transition CatchMark $X
the XX% XX% weighted to Taken timing to lower which as well as primarily sales, quarter were registered EBITDA. year-over-year and half harvest exceptionally strong altogether again third Lower This and The an record timberland adjusted due large was acquisition million above revenue results share to of from $XX.X per basis year earnings gain $X.XX cents $XXX the quarter record. Bandon million a sale Bandon recognized third disposition. XX% also a $XX.X to and income the drove net first million the XXXX
quarter, covered XX, we in as Three stockholders stockholders, $XX.X per operating fully to million declared a the share total net Bringing to activities. the paid on XX. $X.X payable cash provided weeks set distributions cash During record of November of by dividend by common ago, $X.XXX million. December we year-to-date distributions for
rate earnings And cash to XX% right Following maintain the historical prioritizes redemption, time. available for ratios the increase our payout over expect asset trajectory sizing net Triple our of in CatchMark's investing to dividend we distribution. annualized of XX% growth value T and to
and fully investments. We're remain to to dividends primary ongoing to simplified in solid determined future and predictable deliver generate strategy cash growth, course invest make stable we covered we straightforward maintain and our of determined utilizing sheet our As our strength a flow objectives. balance
Bandon and and results quarter position third cover and our some will T Ursula Triple discuss transactions. capital strengthen Now of more line the detail in