Last $42.55 USD
Change Today -0.07 / -0.16%
Volume 84.7K
PCH On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

potlatch corp (PCH) Snapshot

Open
$42.77
Previous Close
$42.62
Day High
$42.91
Day Low
$42.47
52 Week High
10/31/14 - $44.20
52 Week Low
04/11/14 - $37.04
Market Cap
1.7B
Average Volume 10 Days
193.7K
EPS TTM
$2.05
Shares Outstanding
40.6M
EX-Date
12/12/14
P/E TM
20.8x
Dividend
$1.50
Dividend Yield
3.35%
Current Stock Chart for POTLATCH CORP (PCH)

potlatch corp (PCH) Related Businessweek News

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potlatch corp (PCH) Details

Potlatch Corporation operates as a real estate investment trust (REIT) that owns and manages timberlands located in Arkansas, Idaho, Minnesota and Wisconsin in the United States. The Resource Management Division manages its timberlands, harvests timber, procures other wood fiber, sells logs and leases land for hunting and other recreational activity. The Real Estate Division develops and sells land parcels, as well as invests in timberlands. The Wood Products Division manufactures lumber, plywood, and particleboard in Arkansas, Idaho, Michigan, and Minnesota. This segment's products are sold to wholesalers primarily for use in home building and other construction activities. Potlatch was founded in 1903 and is headquartered in Spokane, Washington.

850 Employees
Last Reported Date: 02/14/14
Founded in 1903

potlatch corp (PCH) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $744.9K
President, Chief Operating Officer, Director ...
Total Annual Compensation: $490.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $123.2K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $272.7K
Vice President of Wood Products and Arkansas ...
Total Annual Compensation: $283.8K
Compensation as of Fiscal Year 2013.

potlatch corp (PCH) Key Developments

Potlatch Corporation and Potlatch Forest Holdings, Inc. Enter into an Amended and Restated Term Loan Agreement

On December 5, 2014, Potlatch Corporation and its wholly owned subsidiary Potlatch Forest Holdings, Inc. (borrowers) entered into an amended and restated term loan agreement among Northwest Farm Credit Services, PCA, as administrative agent and the lender from time to time party thereto, amending and restating their existing term loan agreement dated as of December 18, 2012 among the borrowers, Northwest Farm Credit Services, PCA, as administrative agent and the lenders from time to time party thereto. Capitalized terms used and not otherwise defined herein have the meanings set forth in the amended and restated agreement. Under the amended and restated agreement, the lenders agreed to extend terms loans to the borrowers in an aggregate principal amount not to exceed $322 million, of which $12 million was outstanding under the original agreement immediately prior to the amendment and restatement. Pursuant to the amended and restated agreement the borrowers borrowed the following term loans: term loan C in the principal amount of $40 million, maturing on December 1, 2019, and bearing interest at a rate equal to 3-month LIBOR plus 1.65% per annum; term loan D in the principal amount of $40 million, maturing on December 1, 2020, and bearing interest at a rate equal to 3-month LIBOR plus 1.90% per annum; term loan E in the principal amount of $40 million, maturing on December 1, 2021, and bearing interest at a rate equal to 3-month LIBOR plus 1.90% per annum; term loan F in the principal amount of $40 million, maturing on December 1, 2022, and bearing interest at a rate equal to 4.29% per annum; term loan G in the principal amount of $40 million, maturing on December 1, 2023, and bearing interest at the rate of 4.49% per annum; and term loan H in the principal amount of $110 million, maturing on November 1, 2024, and bearing interest at the rate of 4.64% per annum. the amended and restated agreement contains covenants that, among other things, limit the borrowers ability to create liens, merge or consolidate, dispose of assets, incur indebtedness and guarantees, repurchase or redeem capital stock and indebtedness, make certain investments and acquisitions, enter into certain transactions with Affiliates or change the nature of the borrowers business. The amended and restated agreement contains financial covenants including the maintenance of an interest coverage ratio (a ratio of consolidated EBITDDA to consolidated interest expense) of at least 3.00 to 1.00, and a Leverage Ratio (a ratio of total consolidated funded indebtedness to the consolidated value of timberlands and other defined assets) of no more than 40%. Events of default under the amended and restated agreement include, but are not limited to, payment defaults, covenant defaults, breaches of representations and warranties, cross defaults to certain other material agreements and indebtedness, bankruptcy and other insolvency events, material adverse judgments, actual or asserted invalidity of loan documentation, and certain change of control events. The proceeds of the term loans made under the amended and restated agreement were used by the borrowers to pay a portion of the purchase price of timberlands acquired pursuant to a purchase and sale agreement dated as of October 15, 2014 by and among Red Mountain TimberCo I LLC, Red Mountain TimberCo IV LLC, RMS Timberlands LLC and Springwood Timberlands LLC and Potlatch Forest Holdings, Inc.

Potlatch Corporation Declares Dividend, Payable on December 31, 2014

Potlatch Corporation announced that its Board of Directors has declared a dividend of $0.375 per share payable on December 31, 2014 to stockholders of record on December 16, 2014. This is a 7% increase relative to the prior quarterly dividend of $0.35 per share.

Potlatch Corp. Considers Acquisitions

Jerald W. Richards, Chief Financial Officer and Vice President of Potlatch Corporation (NasdaqGS:PCH) said that they will be have consider transactions and are capable of financing or accommodating future acquisitions.

 

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PCH

Industry Average

Valuation PCH Industry Range
Price/Earnings 20.8x
Price/Sales 2.9x
Price/Book 7.0x
Price/Cash Flow 20.7x
TEV/Sales 2.2x
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