Content about Rick Holley

April 30, 2013
Earnings and revenues grow in Q1 for Plum Creek

CEO Rick Holley: "We’re encouraged by what we’re experiencing in our markets and the trends we are seeing in residential construction."

Plum Creek Timber Co. today announced first-quarter earnings of $56 million on revenues of $340 million.

In the same quarter last year, earnings were $29 million, on revenues of $337 million.

“The financial performance of each of our business segments improved compared with the first quarter of 2012," said Rick Holley, CEO. "We’re on track to grow our non-real estate adjusted EBITDA by $50 million this year. Our first-quarter growth in this area was $12 million." 

January 30, 2012
Year-end numbers take a dip at Plum Creek

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.

July 27, 2011
Demand from China lifts Plum Creek

In its second quarter, timber company Plum Creek's shipments of Oregon sawlogs to China went up 7%, compared with the first quarter. China now accounts for 27% of such logs, and Plum Creek CEO Rick Holley sees this relationship as a new status quo.

"While we expect that Chinese demand will exhibit some volatility from time to time, we believe their presence in the North American market is a lasting one that adds a relevant source of demand to West Coast log and lumber markets," Holley told investors.

October 3, 2010
Deep in the woods

The UBS Global Paper and Forest Products Conference, held Sept. 14-15 in New York City,...