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. |