Weyerhaeuser Company reported 2Q 2016 net earnings of $157 million on net sales from continuing operations of $1.7 billion. This compares with net earnings of $133 million on net sales from continuing operations of $1.3 billion for the same period last year, as the company said in the press release received by Lesprom Network.
"Our businesses delivered solid second quarter operating results, with Wood Products capitalizing on improving markets and ongoing operational excellence initiatives to report its strongest quarter in over a decade," said Doyle R. Simons, president and CEO. "During the quarter we also announced the sale of our pulp and liquid packaging board facilities, repurchased over $830 million of common shares, and made strong progress on merger integration activities. Going forward, we remain relentlessly focused on successfully integrating Plum Creek, and fully capturing cost and operational synergies to drive superior value for our shareholders."
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900.
