Potlatch Corporation reported net income of $3.5 million on revenues of $138 million for 4Q ended December 31, 2015. Net income was $20.1 million on revenues of $146.2 million in the 4Q 2014.

标准木材

Potlatch 4Q net income down to $3.5 million

Jan 27, 2016. /Lesprom Network/. Potlatch Corporation reported net income of $3.5 million on revenues of $138 million for 4Q ended December 31, 2015. Net income was $20.1 million on revenues of $146.2 million in the 4Q 2014, as the company said in the press release received by Lesprom Network.

Net income for the full year of 2015 was $31.7 million on revenues of $575.3 million. This compares to net income of $89.9 million on revenues of $607.0 million in 2014.

"The strong U.S. dollar was at the top of a list of factors that drove lumber prices lower, which contributed to 2015 being a very challenging year," said Mike Covey, CEO. "We maintained our focus on things in our control. We successfully integrated 200,000 acres of timberlands that we acquired in Alabama and Mississippi at the end of 2014. We also completed four high-return capital projects at each of our lumber mills on time and under budget this year. Our Resource business continues to be a steady contributor of cash and the Minnesota rural recreational real estate market remains strong," concluded Mr. Covey.

Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.6 million acres of timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi.