Oct 28, 2015. /Lesprom Network/. Plum Creek Timber Company, Inc. announced 3Q earnings of $100 million on revenues of $414 million. Earnings for the 3Q 2014 were $61 million on revenues of $375 million, as the company said in the press release received by Lesprom Network.

Earnings for the first nine months of 2015 were $163 million on revenues of $1.1 billion. For the first nine months of 2014, earnings were $146 million on revenues of $1 billion.

Adjusted EBITDA, a non-GAAP measure of operating performance, for the first nine months of 2015 was $472 million, higher than the $389 million in the same period of 2014. The growth in adjusted EBITDA is largely the result of the timing of Real Estate activity during 2015. 

“Earnings for the 3Q were better than we initially anticipated with good performance from each of our business segments despite uneven demand and more challenging near-term market conditions,” said Rick Holley, CEO. “As always, our operations are remaining flexible, adjusting to local market conditions with the goal of maximizing the value of our harvests over the long term.”

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.