Plum Creek Timber Co has posted US$19m third-quarter profits on sales of US$294m.
The result compares with profits of US$69m and sales of US$414m a year earlier.
Profits for the first nine months of 2009 were US$208m on sales of US$1.04bn.
President and CEO Rick Holley said third-quarter results reflected some pricing improvement in Pacific Northwest timber markets and also some benefits from manufacturing downsizing and cost management efforts.
Plum Creek’s manufacturing business reported a US$1m operating loss, compared with a US$4m loss a year ago. Lumber unit downsizing and improved results from the company’s MDF production helped, while income from plywood operations declined due to lower prices.
