Apr 25, 2014. /Lesprom Network/. Weyerhaeuser Company reported 1Q net earnings to common shareholders of $183 million, or 31 cents per diluted share, on net sales of $2 billion. This compares with net earnings of $144 million, or 26 cents per diluted share, on net sales of $2 billion for the same period last year, as the company said in the press release received by Lesprom Network.

Earnings for the 1Q 2014 include net after-tax gains of $30 million from special items. Excluding these items, the company reported net earnings of $153 million, or 26 cents per diluted share, for the 1Q 2014. The company reported no special items for the 1Q 2013.

"Despite unusually severe winter weather, we delivered strong operating results in the quarter," said Doyle Simons, president and CEO. "Our Timberlands business is realizing increasing benefits from the Longview Timber acquisition and reported its highest quarterly earnings excluding land sales since 2006. We are relentlessly focused on driving operational excellence in each of our businesses to grow a truly great company."

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