Earnings for the 4Q 2014 were $68 million on revenues of $428 million. Earnings for the full year of 2015 were $197 million on revenues of $1.45 billion. Earnings for the full year of 2014 were $214 million, on revenues of $1.48 billion.
Adjusted EBITDA, a non-GAAP measure of operating performance, for 2015 was $579 million, compared to $605 million for 2014.
The company reported $274 million of operating income for 2015, lower than the $322 million of operating income reported in the prior year. After adjusting for the impact of the 2014 MDF fire, operating income was $315 million for 2014 and $271 million for 2015. The $44 million decline in operating income was primarily the result of lower timber harvest volumes in 2015 and lower results from the companys Manufacturing segment as lumber prices declined.
Plum Creek is among the largest and most geographically diverse private landowners in the nation with more than 6 million acres of timberlands in 19 states.
