Friday, July 26, 2013

Weyerhaeuser Reports Q2 Results

http://www.weyerhaeuser.com/
Weyerhaeuser Company (WY) today reported net earnings to common shareholders of $196 million, or 35 cents per diluted share, for the second quarter. As there were no special items this period, this compares with net earnings before special items of $47 million, or 9 cents per diluted share, for the same period last year. Net sales for the second quarter of 2013 totaled $2.1 billion, compared with net sales of $1.8 billion for the second quarter of 2012.
Net earnings before special items increased fourfold compared with second quarter 2012
Net sales increased approximately 20 percent to $2.1 billion, highest since 2008
Acquired approximately 645,000 acres of unique, high-value timberlands in Washington and Oregon through purchase of Longview Timber LLC.