Catchmark Timber Trust (CTT) Reports Q1 Loss of $0.02

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/29/2026

1. NOW
2. MSFT
3. GOOGL
4. FTNT
5. EBAY
6. CMG
7. TENB
8. ETSY
9. CVNA
10. CHDN

Go back to Catchmark Timber Trust (CTT) Reports Q1 Loss of $0.02

CatchMark First Quarter Results Register 128% Increase in Total Revenues; Adjusted EBITDA Up 464% Year-Over-Year; Second Quarter Dividend Declared

May 4, 2015 4:21 PM EDT

ATLANTA, May 4, 2015 /PRNewswire/ -- Benefiting from successful integration of recent timberland acquisitions, CatchMark Timber Trust, Inc. (NYSE: CTT) today announced strong year-over-year growth for the quarter ended March 31, 2015.

Company highlights for the first quarter of 2015 include:

Increased revenues to $20.2 million for the three months ended March 31, 2015 from $8.9 million for the three months ended March 31, 2014, a 128% increase. Increased Adjusted EBITDA to $11.0 million compared to $1.9 million in the three months ended March 31, 2014, a 464% increase. Increased gross timber sales revenue by approximately 62% over first quarter 2014 to $13.1 million,... More