Trending Now

  • Weyerhaeuser significantly improved operational performance in 2014

    Weyerhaeuser

    Weyerhaeuser Company reported better financial performance in 2014. During the year, Weyerhaeuser divested homebuilding business to become a focused forest products company, achieved our 2014 operational excellence targets and improved earnings from continuing operations by more than 20% compared with 2013. Also the company increased dividend by 32% and completed nearly 30% of a newly authorized USD 700 million share repurchase program.

    For the fourth quarter of the last year net earnings attributable to common shareholders totaled USD 166 million, or 31 cents per diluted share, on net sales of USD 1.8 billion. For the same period of 2013 the company generated  net earnings from continuing operations before special items in amount of USD 111 million, or 19 cents per diluted share .

    Earnings for the fourth quarter of 2014 include net after-tax gains of USD 21 million from special items. Excluding these items, the company reported net earnings of USD 145 million, or 27 cents per diluted share. This compares with net earnings from continuing operations before special items of USD 111 million, or 19 cents per diluted share for the same period last year.

    For the full year 2014, the company  reported net earnings attributable to common shareholders of USD 1.8 billion, or USD 3.18 per diluted share, on net sales from continuing operations of USD 7.4 billion. This compares with net earnings of USD 540 million, or 95 cents per diluted share, on net sales from continuing operations of USD7.3 billion for the same period of 2013.

    Full year 2014 includes after-tax earnings of USD 998 million from discontinued operations related to the divestiture of Weyerhaeuser Real Estate Company and USD 84 million from special items. Excluding these items, the company reported net earnings of USD 700 million, or USD 1.25 per diluted share. This compares with net earnings from continuing operations before special items of USD 572 million, or 99 cents per diluted share, for the full year 2013.

    For 2015, Weyerhaeuser remains relentlessly focused on driving operational excellence to fully capitalize on its improving markets.

    About Weyerhaeuser:
    The company is one of the world’s largest private owners of timberlands, began operations in 1900. The company owns or control nearly 7 million acres of timberlands, primarily in the U.S., and manages another 14 million acres under long-term licenses in Canada. Weyerhaeuser manages these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. It is also one of the largest manufacturers of wood and cellulose fibers products. In 2013, Weyerhaeuser’s  continuing operations generated 7.3 billion USD in sales and employed approximately 13,000 people who serve customers worldwide.

    Source: Woodbizforum

    arrow