The 2020 Mid-Year Economic Update_long

Weyerhaeuser Sales Up 29% in 2Q

CEO: Second quarter brought a return to profitability.

Weyerhaeuser Company (NYSE: WY), Federal Way, WA, today reported sales for the second quarter of $1.8 billion, an increase of 28.6 percent over second quarter 2009. Profit for the forest products company was $14 million, compared with a loss of $106 million for the same period a year ago.

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\”In the second quarter we returned to profitability and all businesses were cash positive from operations,\” said Dan Fulton, president and CEO.

For the first six months, sales were $3.2 billion, up 18.5 percent from the prior year period. Net loss attributable to Weyerhaeuser was $6 million, compared to a recorded loss of $370 million a year ago.

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