Content about Plum Creek Timber Co.

January 28, 2014

Seattle-based Plum Creek Timber Co. posted fourth-quarter earnings of $40 million, down from $79 million in the same quarter last year. 

Sales in the fourth quarter were $331 million, down 6.9% from $354 million.

Results for the fourth quarter include $12 million of expenses directly related to the completion of the company’s December acquisition of timberland, real estate, and subsurface resources from MeadWestvaco Corp.

December 9, 2013

Plum Creek Timber Co. completed the acquisition of approximately 501,000 acres of industrial timberlands, associated mineral and wind assets, and interests in approximately 109,000 acres of high-value rural and development quality lands from MeadWestvaco Corp.

November 11, 2013

Plum Creek Timber Company has announced the appointment of Sara Grootwassink Lewis to the company's board of directors. She is founder and CEO of capital markets and board advisory firm Lewis Corporate Advisors.

Lewis, who is the ninth independent member of the company's board, has an extensive background in finance and capital markets. 

Prior to her work with Lewis Corporate Advisors, she was EVP and CFO of Washington Real Estate Investment Trust. She also holds the Chartered Financial Analyst designation and is a certified public accountant.

February 28, 2013

Plum Creek Timber Co. will reopen a sawmill in Evergreen, Mont., according to a report in the Montana Standard.

Plum Creek Timber Co. will reopen a sawmill in Evergreen, Mont., according to a report in the Montana Standard. 

The facility closed back in 2009. The news outlet quoted Plum Creek VP Tom Ray, who said steady improvement in the U.S. housing market caused the reopening. 

The mill comes back on line in early April, according to the report.

January 22, 2013

Plum Creek Timber Co. has acquired an interest in about 144 million tons of production at four quarries from Vulcan Materials Co. for $75 million.

Plum Creek Timber Co. has acquired an interest in about 144 million tons of production at four quarries from Vulcan Materials Co. for $75 million. The quarries are located near the Greenville and Spartanburg, S.C., markets.

Beginning in January 2013, Plum Creek expects to receive royalty payments from the production and sale of the crushed stone from the quarries for approximately 25 years.

May 3, 2012

Plum Creek Timber Co. posted first-quarter earnings of $29 million, down 23.6% from $38 million in the first quarter of 2011. Revenues in the first quarter totaled $337 million, up 22.5% from $275 million in the year-ago period

Earnings declined due to lower reported income from the real estate segment, although revenues and cash generated by the segment increased. 

January 30, 2012

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.

October 25, 2011

Plum Creek Timber Co. posted third-quarter earnings of $50 million, up 56% from $32 million in the third quarter of 2010. Revenues for the period totaled $293 million, up 13% from $259 million in the same period last year. 

Earnings for the first nine months of 2011 were $132 million, down 14% from $154 million in the year-ago period. Revenues for the period totaled $852 million, up 2% from $834 million in the first nine month of 2010.