Last $42.57 USD
Change Today -0.23 / -0.54%
Volume 29.6K
PCH On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 1:01 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

potlatch corp (PCH) Snapshot

Open
$42.75
Previous Close
$42.80
Day High
$43.00
Day Low
$42.49
52 Week High
10/21/13 - $43.84
52 Week Low
04/11/14 - $37.04
Market Cap
1.7B
Average Volume 10 Days
121.7K
EPS TTM
$1.79
Shares Outstanding
40.6M
EX-Date
06/4/14
P/E TM
23.8x
Dividend
$1.40
Dividend Yield
3.19%
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, Potlatch Forest Holdings, Inc. and Potlatch Land & Lumber, LLC Enter into Amended and Restated Credit Agreement

On August 12, 2014, Potlatch Corporation, and its Potlatch Forest Holdings, Inc. and Potlatch Land & Lumber, LLC, entered into an Amended and Restated Credit Agreement among KeyBank National Association, as Administrative Agent, L/C Issuer and Swing Line Lender, the Guarantors from time to time party thereto and the Lenders from time to time party thereto, amending and restating their existing credit agreement dated as of December 11, 2012 among the Borrowers, Bank of America, N.A., as administrative agent, swing line lender and L/C issuer, the Guarantors from time to time party thereto and the Lenders from time to time party thereto. Capitalized terms used and not otherwise defined herein have the meanings set forth in the Credit Agreement. Under the Credit Agreement, the lenders have agreed to extend revolving loans to the Borrowers in an initial aggregate principal amount not to exceed $250 million, which may be increased by up to an additional $250 million of principal amount. The Credit Agreement includes a sublimit of $40 million for the issuance of standby letters of credit and a sublimit of $25 million for swing line loans. The Credit Agreement is an unsecured 66-month revolving facility, with a stated maturity date of February 12, 2020. Pricing is set according to the type of borrowing under the Credit Agreement. LIBOR Loans are issued at a rate equal to LIBOR plus the Applicable Rate, while Base Rate Loans are issued at a rate equal to the Base Rate, which is a fluctuating rate per annum equal to the high of (a) the Federal Funds Rate plus of 1.00%, (b) LIBOR that would then be applicable to a new LIBOR Loan with a one month Interest Period plus 1.00%, and (c) the rate of interest in effect for such day as publicly announced from time to time by KeyBank as its prime rate. The Applicable Rate for LIBOR Loans can range from 0.875% to 1.70% and the Applicable Rate for Base Rate loans can range from 0.00% to 0.70% depending on the Debt Rating.

Potlatch Corporation Announces Closing of an Amended and Restated $250 Million Senior Unsecured Revolving Credit Facility

Potlatch Corporation announced the closing of an amended and restated $250 million Senior Unsecured Revolving Credit Facility with a syndicate of financial institutions led by KeyBanc Capital Markets Inc. and Bank of America Merrill Lynch. The credit agreement matures in February 2020 and includes an optional increase in the aggregate commitment of up to an additional $250 million, subject to certain conditions. No amounts were outstanding under the prior agreement.

Potlatch Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Potlatch Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $143,919,000 compared to $133,212,000 a year ago. Operating income was $29,725,000 compared to $29,441,000 a year ago. Income before income taxes was $24,216,000 compared to $23,774,000 a year ago. Net income was $16,270,000 or $0.40 per basic and diluted share compared to $19,182,000 or $0.47 per basic and diluted share a year ago. For the six months, the company reported revenues of $283,498,000 compared to $272,465,000 a year ago. Operating income was $61,034,000 compared to $56,049,000 a year ago. Income before income taxes was $50,065,000 compared to $44,046,000 a year ago. Net income was $36,620,000 or $0.90 per diluted share compared to $34,669,000 or $0.85 per basic and diluted share a year ago. Net cash provided by operating activities was $68,432,000 compared to $41,515,000 a year ago. Additions to property, plant and equipment were $6,508,000 compared to $5,792,000 a year ago. Additions to timber and timberlands were $5,887,000 compared to $4,683,000 a year ago.

 

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Industry Analysis

PCH

Industry Average

Valuation PCH Industry Range
Price/Earnings 24.1x
Price/Sales 3.0x
Price/Book 7.7x
Price/Cash Flow 24.0x
TEV/Sales 2.3x
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