Weyerhaeuser Co. (NYSE: WY), Federal Way, WA, reported sales for 2016 of $6.4 billion, an increase of 21.3 percent from the previous year. Profit more than doubled to $1 billion.
Sales for the fourth quarter were $1.6 billion, up 26.1 percent year-over-year. Profit was $551 million, as compared to $59 million the same period a year ago.
"2016 was a transformational year for Weyerhaeuser," said Doyle R. Simons, president and CEO. "Through our merger with Plum Creek and the $2.5 billion divestiture of our Cellulose Fibers business, we became a focused timber, land and forest products company and nearly doubled the size of our timberland holdings."