The 2020 Mid-Year Economic Update_long

Weyerhaeuser Sales Up 5.2% in 1Q

The company reported a profit of $150 million, compared to a loss of $289 million during the first quarter of 2019.
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Weyerhaeuser Co. (NYSE: WY), Federal Way, Washington, reported first quarter sales of $1.7 billion, a 5.2% increase year-over-year. The company reported a profit of $150 million, compared to a loss of $289 million during the first quarter of 2019.

“I am proud of our first quarter performance, as each business delivered strong operating results despite rapidly changing market conditions associated with the COVID-19 pandemic,” said Devin W. Stockfish, president and chief executive officer. “I want to thank our employees for their dedication to safety, operational excellence and serving our customers through this uncertain and challenging environment.”

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