Potlatch Corp. third-quarter earnings report
Timber real estate investment trust
| Stock symbol: PCH |
| Reporting period: 3Q |
| Earnings:
Profit of $22.2 million 54 cents per share
Versus 3Q of 2012: Profit of $18.6 million 46 cents per share |
| Revenue: $157.9 million |
| Analysis: Strong timber harvests, improving prices for sawlogs and an uptick in lumber shipments helped Potlatch’s third-quarter earnings, said CEO Mike Covey. Third-quarter results are traditionally the strongest for Potlatch, which owns timberlands in Arkansas, Idaho and Minnesota. |