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Article: Plum Creek Timber Company, Inc. Reports Results for Third Quarter 2009.(Financial report)
- Article from:
- Real Estate Weekly News
- Article date:
- November 13, 2009
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Plum Creek Timber Company, Inc., (NYSE:PCL) announced third quarter earnings of $19 million, or $0.12 per diluted share, on revenues of $294 million. Results for the quarter include a $2 million after-tax ($4 million pre-tax) pension settlement charge resulting from personnel reductions in 2009, primarily within the company's manufacturing operations. The expense, net of tax, reduced earnings by $0.02 per share. Earnings for the third quarter of 2008 were $69 million, or $0.40 per diluted share, on revenues of $414 million.
Earnings for the first nine months of 2009 were $208 million, or $1.27 per diluted share, on revenues of $1.04 billion. Results for the first ...