Potlatch Corp.
Timberland real estate investment trust
Stock symbol:
PCH |
Reporting period:
1Q |
Earnings:
Profit of $ 5.7 million 14 cents per share
Versus 1Q 2014: Profit of $20.3 million 50 cents per share |
Revenue:
$134 million |
Analysis:
Lumber prices have fallen since the beginning of the year, which affected earnings, said Mike Covey, Potlatch’s chairman and CEO. He’s expecting a continued recovery in the building industry, with U.S. housing starts reaching 1.1 million this year. That should help Potlatch post stronger results in the second half of 2015, Covey said. |