Tuesday, January 29, 2013

Plum Creek Improves Q4 and Full-Year Results

Plum Creek Timber (NYSE: PCL  ) released Q4 and 2012 results that showed marked improvements in both revenue and profitability. The quarter's revenue was $354 million, and the company netted $79 million ($0.49 per diluted share). The latter represented a sharp upside surprise, as the company indicated last autumn that EPS would come in at $0.25-$0.30. The bottom line was nearly 30% higher on a year-over-year basis.

For fiscal 2012, the company's net profit was $203 million ($1.25 diluted EPS) on revenue of $1.34 billion. Both were higher than the previous year's figures of $193 million and $1.19 billion, respectively.

Plum Creek also provided guidance for 2013. It anticipates "continued demand growth" in several crucial product categories, leading to a net income of $1.25-$1.50 per share for the year. It anticipates Q1 EPS of $0.28-$0.33.

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