Plum Creek Reports Q4 EPS of $.37 vs. $.44

Plum Creek Timber Company, Inc. PCL today announced fourth quarter earnings of $59 million, or $0.37 per diluted share, on revenues of $356 million. Earnings for the fourth quarter of 2009 were $28 million, or $0.17 per diluted share, on revenues of $258 million. Earnings for the fourth quarter of 2010 include a $13 million, or $0.08 per diluted share, loss on the early extinguishment of debt. Earnings for the fourth quarter of 2009 include a $3 million, or $0.02 per diluted share, loss on the early extinguishment of debt. Earnings for the full year of 2010 were $213 million, or $1.31 per diluted share, on revenues of $1.19 billion. Results for the full year of 2010 include an $11 million, or $0.07 per diluted share, after-tax gain on the first-quarter sale of certain natural gas assets. As a result, income from continuing operations for 2010 was $202 million, or $1.24 per diluted share. Results for 2010 include the loss from the early retirement of debt mentioned above.