US timber giant Plum Creek Timber Company will release its second quarter earnings on July 17.
According to the company’s website (www.plumcreek.com) president and chief executive officer Rick Holley will host a conference call to discuss the results on the day at 5pm (US Eastern Daily Time). To access the conference call from outside North America, dial (00 1) 952/556-2804 10 minutes before the start, referencing ‘Plum Creek’s conference call’. Within North America dial 877/679-9051.
The conference will be replayed for 48 hours afterwards on (001) 703/326-3020 (for callers outside North America) or 800/615-3210 (within North America) using the access code 5761547.
A live webcast of the call may also be accessed through Plum Creek’s Internet site at www.plumcreek.com by clicking on the ‘Investor’ link.
Plum Creek Timber Company achieved first quarter earnings of US$56m, or US$0.30 per diluted share. At the time Rick Holley predicted the second quarter would see “strong housing starts, good repair and remodel demand, and the potential for a recovery in pulp and paper markets”.
“Many mills are beginning to experience strengthening demand for their products, translating into improved demand for timber,” he said. “We also anticipate modest improvements in sawlog pricing as the economy strengthens and mills increase their production in response to improving demand.”
Plum Creek operates 7.8 million acres of timberlands across the US and 10 wood product manufacturing facilities in the Northwest. It merged with Georgia Pacific subsidiary The Timber Company last year.
