WEYERHAEUSER REPORTS FOURTH QUARTER, FULL YEAR RES
WEYERHAEUSER REPORTS FOURTH QUARTER, FULL YEAR RESULTS
FOURTH QUARTER 2012 NET EARNINGS INCREASED 22 PERCENT COMPARED WITH THIRD QUARTER. FULL YEAR 2012 NET SALES ROSE 14 PERCENT AND NET EARNINGS BEFORE SPECIAL ITEMS INCREASED 78 PERCENT. TOTAL SHAREHOLDER RETURN FOR 2012 EXCEEDED 50 PERCENT.
FEDERAL WAY, Wash., January 25, 2013 — Weyerhaeuser Company (NYSE: WY) today reported net earnings of $143 million, or 26 cents per diluted share, for the fourth quarter. This compares with net earnings of $65 million, or 12 cents per diluted share, and net earnings before special items of $77 million, or 14 cents per diluted share, for the same period last year. Net sales for the fourth quarter of 2012 totaled $2.0 billion, compared with net sales of $1.6 billion for the fourth quarter of 2011.
For the full year 2012, Weyerhaeuser reported net earnings of $385 million, or 71 cents per diluted share, on net sales of $7.1 billion. This compares with net earnings of $331 million, or 61 cents per diluted share, on net sales from continuing operations of $6.2 billion for the full year 2011.
“As I look forward to 2013, I am excited by the opportunity to build on the momentum of this past year,” said Dan Fulton, president and chief executive officer. “In 2012, we began to realize the results of our work to position the company to capture the benefits of an improving housing market. As a result, our bottom line improved significantly, the Board increased the dividend, and our total shareholder return exceeded 50 percent, one of the best in our industry.”