Potlatch reports higher sales and earnings in third quarter

PORTLAND, OR, Oct. 25, 2017 (RISI) -Potlatch Corporation reported net income of $33.7 million, or $0.82 per diluted share, on revenues of $190.4 million for the quarter ended September 30, 2017. Net income was $27.6 million, or $0.68 per diluted share, on revenues of $174.0 million in the quarter ended September 30, 2016.

“Our geographical diversity was apparent in our strong third quarter results, which were driven by robust northern sawlog markets and western lumber prices,” said Mike Covey, chairman and chief executive officer.

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