Earnings report: Potlatch Corp.
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. |