Plum Creek Timber (PCL) Reports In-Line Q1 EPS, Offers Q2, FY15 Guidance
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Plum Creek Reports Results for First Quarter 2015
April 27, 2015 4:03 PM EDTSEATTLE--(BUSINESS WIRE)-- Plum Creek Timber Company, Inc. (NYSE: PCL) today announced first quarter earnings of $42 million, or $0.24 per diluted share, on revenues of $406 million. Earnings for the first quarter of 2014 were $30 million, or $0.17 per diluted share, on revenues of $317 million.
Adjusted EBITDA, a non-GAAP measure of operating performance, for the first quarter of 2015 was $175 million and was $93 million for the same period of 2014. A reconciliation of adjusted EBITDA to net income and cash flow from operations is provided as an attachment to this release.
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