The 2020 Mid-Year Economic Update_long

Weyerhaeuser Sales Down 8% in 2Q

Year-to-date sales decreased 4.6 percent year-over-year.

Weyerhaeuser Company (NYSE: WY), Federal Way, WA, reported sales for the second quarter of $1.8 billion, a decrease of 8 percent compared to the same period a year ago. Profit decreased 52.5 percent to $133 million.

For the first six months, sales were $3.5 billion, a decrease of 4.6 percent. Profit decreased 51.8 percent to $463 million.

"Each of our businesses delivered solid second quarter operating results, as operational excellence efforts helped mitigate the delayed arrival of the spring building season and the continuing challenge of a strong U.S. dollar," said Doyle Simons, president and CEO.

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