The 2020 Mid-Year Economic Update_long

Weyerhaeuser Sales Up 21.3% in 2016

Company more than doubles profit to $1 billion during year.

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."

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com