Plum Creek Timber (PCL) Reports Q3 EPS of $0.58

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Plum Creek Reports Results for Third Quarter 2015

October 26, 2015 4:15 PM EDT

SEATTLE--(BUSINESS WIRE)-- Plum Creek Timber Company, Inc. (NYSE: PCL) today announced third quarter earnings of $100 million, or $0.58 per diluted share, on revenues of $414 million. Earnings for the third quarter of 2014 were $61 million, or $0.34 per diluted share, on revenues of $375 million. The results for the third quarter of 2014 included a $3 million, or $0.02 per diluted share, after-tax gain from insurance recoveries related to a fire at the companys medium density fiberboard (MDF) plant in June 2014.

Earnings for the first nine months of 2015 were $163 million, or $0.93 per diluted share, on revenues of $1.1 billion. For... More