April 24, 2013 in Business

Potlatch Corp.

Timber real estate investment trust
 
Stock symbol: PCH
Reporting period: 1Q
Earnings:

Profit of $15.5 million

38 cents per share

Versus 1Q 2012:

Profit of $5 million

13 cents per share

Revenue:

$139 million

Analysis: Lumber prices continued to strengthen despite lower demand from poor winter weather in much of the country, said Michael Covey, chairman and CEO. Thanks to strong sawlog prices in Idaho, the company moved up planned harvests to the first quarter. In the real estate segment, Potlatch sees increased demand for its properties, leading to firmer pricing.

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