Potlatch Corp.
Timber real estate investment trust
| Stock symbol: PCH |
| Reporting period: 1Q |
| Earnings:
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. |