Potlatch Corp.
Timber real estate investment trust
Stock symbol:
PCH |
Reporting period:
Q2 |
Earnings:
Profit of $711,000 2 cents per share
Versus Q2 2014: Profit of $16.3 million 40 cents per share |
Revenue: $128.7 million |
Analysis: Depressed lumber prices during the first five months of 2015 and light harvests affected Potlatch’s earnings, said Chairman and CEO Mike Covey. He’s expecting a stronger performance for the second half of the year, based on recovering lumber prices, higher harvest volumes and strong sales of recreational property in Minnesota. |