October 28, 2014

Though Plum Creek Timber Company reported modest sales gains in the third quarter of 2014, the company's outlook for future growth is tempered by a conservative (and realistic) forecast for housing starts, according to the building products supplier.

Housing starts are expected to increase by only 8% in 2014, leading the company to place residential construction activity at a growth rate of about 10% in 2015.

April 29, 2014

Plum Creek Timber Company experienced a slow-down in sales during the first quarter of 2014, though a corresponding drop in income was largely expected due to to a timberland sale.

Net revenue for the three months ended March 31 was $317 million, down from $340 million in the same period last year. 

Net income for the quarter was $30 million, down 46.4% since the first quarter of 2013.

Despite the weak performance, CEO Rick Holley said he was pleased with the company's performance last quarter.

August 8, 2013

Plum Creek Timber appointed Timothy Punke as senior VP, corporate affairs and public policy, effective Oct. 1.

His responsibilities will include oversight of government relations, communications, sustainability and environmental affairs. He will report to CEO Rick Holley. 

April 30, 2013

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

January 30, 2012

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

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

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