Weyerhaeuser increased 3Q net sales to $1.9 billion
Weyerhaeuser Company reported 3Q 2017 net earnings of $130 million on net sales of $1.9 billion. This compares with earnings from continuing operations of $162 million on net sales of $1.7 billion for the same period last year, as the company says in the press release received by Lesprom Network.
Adjusted EBITDA for the 3Q was $569 million, compared with $434 million for the 3Q of last year.
"I am very pleased with our 3Q performance, as each of our businesses delivered strong operating results despite various weather-related challenges in the quarter," said Doyle R. Simons, president and CEO. "We also continued to simplify our business and strategically optimize our timberland portfolio by completing the sale of our Uruguay operations, and we redeemed our interest in the Twin Creeks joint venture in October. Looking forward, we remain focused on driving value for shareholders by delivering continued operational improvements and capturing the full benefit of improving market conditions."
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900.
PULPAPERNEWS - USA - 30 octubre 2017