Content about Buybacks

Valspar Paint has announced a replacement guarantee for Lowe’s customers who buy a gallon of paint and are simply dissatisfied with the color. From now until Oct. 8, 2012, Valspar is offering a free replacement color to anyone who does not “absolutely love” their first color choice. The Love Your Color Guarantee applies only to purchases of Valspar Signature Colors Interior Paint at Lowe's, and will be issued through a rebate for up to two gallons of a replacement Valspar paint color.

Plum Creek Timber Co. has announced revenues of $315 million for its fourth quarter, an 11.5% decrease over revenues of $356 million for the same quarter of 2010. Net earnings for the quarter, which ended Dec. 31, 2010, were $61 million, compared to $59 million a year old.

In year-end figures, Plum Creek reported revenues of $1.16 billion for fiscal 2011, a 2.5% decrease over $1.19 billion in 2010. Net income for the Seattle-based company was $193 million, compared to $213 million for fiscal 2010.

While posting strong second-quarter results, Marysville, Ohio-based Scotts Miracle-Gro is hoping for more cooperative weather. 

Scotts posted net sales of $1.13 billion for the quarter ended April 2, up 8% from the same quarter last year. Net income increased 50% to $177.6 million.

For the quarter, company-wide adjusted gross margin rate increased 41.1% compared with 39.6% a year earlier. The improvement was due to the benefit of lower commodity costs, as well as supply chain efficiencies and a favorable product mix.

North Plains, Ore.-based LBM distributor Jewett-Cameron Trading Company Ltd. authorized a share repurchase plan to purchase for cancellation up to 350,000 common shares through facilities of the NASDAQ Stock. This amount represents approximately 17% of the approximately 2.0 million common shares outstanding.  During 2010, the Company repurchased 376,112 shares under a prior formal plan of repurchase, the company said.