Company selling division to Evonik Industries for $3.8 billion.
Day: May 6, 2016
Company's sales for first six months decrease 3 percent.
Company posts profit of $20.3 million for the quarter.
Company merged with Plum Creek Timber Co. in February.
Profit decreased 27.6 percent in the first quarter.
Residential product sales down 6 percent in the first quarter.