Jan 25, 2013. /Lesprom Network/. Weyerhaeuser Company reported net earnings of $143 million, or 26 cents per diluted share, for the 4Q. 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 4Q 2012 totaled $2 billion, compared with net sales of $1.6 billion for the 4Q 2011, as the company said in a press release received by Lesprom Network. 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 CEO. "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%, one of the best in our industry." Timberlands division's 4Q earnings increased compared with the 3Q due to improved selling prices and stronger market demand for export and domestic logs. Fee harvest volumes increased in both the West and the South. Earnings from disposition of non-strategic timberlands decreased $5 million. Wood Products division: Stronger than expected market conditions for oriented strand board and lumber resulted in higher average selling prices and sales volumes for those products. However, all product lines experienced higher raw material costs. Engineered wood products operating rates decreased due to maintenance and seasonally weaker market conditions. Cellulose Fibers division: Average sales realizations for pulp declined, and chemical and energy costs increased. Sales realizations and volumes for liquid packaging board decreased due to operational issues that are now resolved. These factors were partially offset by lower maintenance costs and improved pulp mill productivity due to fewer days of scheduled annual maintenance outages. Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900.