Jul 26, 2011. /Lesprom Network/. Plum Creek Timber Company, Inc. announced 2Q earnings of $44 million on revenues of $284 million. Earnings for the 2Q 2010 were $35 million on revenues of $258 million. Earnings for the first six months of 2011 were $82 million on revenues of $559 million, as the company said in a press release received by Lesprom Network. Cash provided by operating activities for the 2Q 2011 totaled $81 million. The company ended the quarter with $253 million in cash and cash equivalents. “Good results from our Real Estate segment offset weaker than anticipated results from our timber operations,” said Rick Holley, Plum Creek’s President and CEO. “Sawlog markets in the West and Northeast remained attractive during the second quarter however, sawlog markets in the South continued to be challenging due to extremely dry weather and weak domestic demand.” “We manage the company with the goal of maximizing the long-term value of every acre we own,” continued Holley. “During the second quarter, we reduced our sawlog harvest about 100,000 tons from planned levels in the South. We will bring this volume to the market, at improved prices, in the future.” Plum Creek is the largest and most geographically diverse private landowner in the nation with approximately 6.7 million acres of timberlands in major timber producing regions of the United States and wood products manufacturing facilities in the Northwest.