Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Partly Cloudy Day 47° Partly Cloudy
News >  Idaho

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.

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.