Jul 31, 2015. /Lesprom Network/. Weyerhaeuser Company reported 2Q net earnings to common shareholders of $133 million, on net sales of $1.8 billion. This compares with net earnings of $90 million on net sales of $1.7 billion for 1Q 2015, and net earnings of $280 million, on net sales from continuing operations of $2 billion for the 2Q last year, as the company says in the press release received by Lesprom Network.

"Each of our businesses delivered solid second quarter operating results, as operational excellence efforts helped mitigate the delayed arrival of the spring building season and the continuing challenge of a strong U.S. dollar," said Doyle Simons, president and CEO. "In addition, we repurchased over $150 million of common shares in the quarter and neared completion of our existing authorization. Looking forward, we are well positioned to capitalize on the improving housing market, and we remain relentlessly focused on driving value for our shareholders through operational improvements and disciplined capital allocation."

Weyerhaeuser Company is one of the world's largest private owners of timberlands, began operations in 1900.