Weyerhaeuser Earnings Up 31 Percent; 2014 Net Triples to $1.8 B

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weyerhauser(FEDERAL WAY, WA) – Lumber giant Weyerhaeuser (NYSE: WY) fourth quarter earnings rose 31% to $166 million on revenues of $1.8 billion.For the year, net income more than tripled to $1.8 billion, with gains driven by healthy construction and divestitures. This compares with net earnings of $540 million, for the same period last year.

Full year 2014 includes after-tax earnings of $998 million from discontinued operations related to the divestiture of Weyerhaeuser Real Estate Company and $84 million from special items. Excluding these items, the company reported net earnings of $700 million. This compares with net earnings from continuing operations before special items of $572 million in 2013.

Source: http://www.woodworkingnetwork.com/wood-market-trends/woodworking-industry-news/production-woodworking-news/Weyerhaeuser-Earnings-Up-31-Percent-Revenues-Triple-290329061.html#sthash.5DCU1w6k.KrI33I1F.dpuf