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Idaho

Earnings report: Potlatch Corp.

Wed., April 23, 2014

Timber real estate investment trust

Stock symbol:

PCH

Reporting period:

1Q

Earnings:

Profit of $ 20.3 million

50 cents per share

Versus X1 Q 2013:

Profit of $15.5 million

38 cents per share

Revenue:

$139.6 million

Analysis:

“We continue to believe housing starts will exceed 1 million in the U.S. this year,” said Chairman and CEO Mike Covey. As a result, demand for Idaho sawlogs and lumber should remain strong, and company officials expect a gradual recovery in prices for Southern pine sawlogs, he said.



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