Potlatch (PCH) Tops Q4 EPS by 4c

Potlatch (NASDAQ: PCH) reported Q4 EPS of $0.17, $0.04 better than the analyst estimate of $0.13. Revenue for the quarter came in at $203.5 million versus the consensus estimate of $211.88 million.

Outlook

“We are encouraged by the increased pace of U.S. housing starts during the second half of 2019 along with robust levels of housing permits and homebuilder order files entering 2020. We expect this to translate into stronger demand and higher prices for lumber this year, which is meaningful given our leverage to lumber prices. During 2020, we expect to harvest approximately 6 million tons in our Timberlands segment, ship over 1.1 billion board feet of lumber, and sell 20,000 to 25,000 rural acres and approximately 140 residential lots in our Real Estate segment,” stated Mr. Covey.

For earnings history and earnings-related data on Potlatch (PCH) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Jernigan Capital (JCAP) Tops Q2 EPS by 5c
• Lument Finance Trust (LFT) Misses Q2 EPS by 17c