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.
