Potlatch Corp.

Timber real estate investment trust

Stock symbol: PCH
Reporting period: 1Q

Profit of $5.1 million

13 cents per share

Versus 1Q 2011:

Profit of $7.7 million

19 cents per share

Revenue: $112.4 million
Analysis: Lumber prices were flat compared with a year ago, though sales increased 6 percent from the prior-year quarter, said Chairman and CEO Mike Covey. Timber harvest, however, dropped as part of a planned reduction related to high log inventories at sawmills.

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