Weyerhaeuser reports Q4.SEATTLE,
Feb. 3, 2017 /PRNewswire/ --
Weyerhaeuser Company (NYSE: WY) today reported fourth quarter net earnings to common shareholders of
$551 million, or
73 cents per diluted share, on net sales of
$1.6 billion. This compares with net earnings of
$59 million, or
11 cents per diluted share, on net sales of
$1.3 billion for the same period last year.
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1Q 2017 Outlook - Weyerhaeuser expects first quarter earnings and Adjusted EBITDA from the Timberlands segment will be comparable to the fourth quarter. In the South, the company anticipates lower fee harvest volumes, comparable log price realizations and a seasonal increase in forestry and silviculture expenses. In the West, the company expects modestly higher log sales volumes and improved average realizations due to higher export mix.