Business News: Weyerhaeuser Reports Second Quarter Results

Net earnings of $128 million, or $0.17 per diluted share

Net earnings before special items increased 54 percent compared with first quarter

SEATTLE, WA (STL.News) – Weyerhaeuser Company (NYSE: WY) today reported second quarter net earnings of $128 million, or 17 cents per diluted share, on net sales of $1.7 billion.  This compares with net earnings of $317 million, or 42 cents per diluted share, on net sales of $2.1 billion for the same period last year.

Excluding an after-tax adjustment of $5 million for special items, the company reported second quarter net earnings of $123 million, or 16 cents per diluted share.  This compares with net earnings before special items of $332 million for the same period last year and $80 million for the first quarter of 2019.

Adjusted EBITDA for the second quarter of 2019 was $343 million compared with $637 million for the same period last year and $365 million for the first quarter of 2019.

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