CatchMark Timber Trust, Inc. (CTT) Q1 2022 Earnings Conference Call May 6, 2022 10:00 AM ET

Company Participants

Ursula Godoy-Arbelaez - Senior Vice President and Chief Financial Officer

Brian Davis - President and Chief Executive Officer

Todd Reitz - Chief Resources Officer

Conference Call Participants

David Rodgers - Robert W. Baird & Co.

Paul Quinn - RBC Capital Markets

Anthony Pettinari - Citigroup Inc.

Buck Horne - Raymond James & Associates, Inc.

Operator

Good morning, and welcome to the CatchMark Timber Trust First Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I'd now like to turn the conference over to Ursula Godoy, Chief Financial Officer. Please go ahead.

Ursula Godoy-Arbelaez

Good morning, and thank you for joining us for our review of CatchMark Timber Trust results for first quarter 2022. I am Ursula Godoy, Chief Financial Officer of CatchMark. Joining me today on the call, our Chief Executive Officer, Brian Davis; and Chief Resources Officer, Todd Reitz.

During this call, CatchMark management will make forward-looking statements. These forward-looking statements are based on management's current beliefs and the information currently available. CatchMark's actual results will be affected by certain risks and uncertainties that are beyond its control or ability to predict and could cause our actual results to differ materially from expectations. For more information about the factors that could cause such differences, we refer you to our 2021 annual report on Form 10-K and subsequent reports that we filed with the SEC.

Today's presentation includes certain non-GAAP financial measures. Reconciliations of these measurements are included in our first quarter 2022 earnings release and financial supplement, which are posted on our website and on Form 10-Q filed with the SEC yesterday, May 5, 2022. After our presentation, Brian, Todd, and I will be pleased to answer any of your questions.

Now, I turn over the call to Chief Executive Officer, Brian Davis.

Brian Davis

Thank you, Ursula, and good morning, everyone. We appreciate you joining us today for our review of first quarter 2022 results. We had an exceptional start to the year. In the first quarter, CatchMark again, demonstrated how our business model delivers consistently strong operating results. We are now focused on owning prime timberlands entirely in leading U.S. South mill markets, where our delivered wood sales supplemented by opportunistic stumpage sales again generated superior pricing well above market averages and registering significant year-over-year increases.