Tree Frog Forestry News

Weyerhaeuser earnings fall as it prepares for Plum Creek merger

February 9, 2016
Category: Business & Politics
Region: United States

Weyerhaeuser’s fourth quarter earnings from continuing operations fell 17 percent from the same quarter last year, the company reported Friday. Excluding special items, Weyerhaeuser earned $121 million, or 24 cents a share, for the quarter ended Dec. 31. That’s down from $145 million, or 27 cents a share, for the year-ago quarter. Special items for the quarter included costs related to its merger with Plum Creek, an asset impairment, and restructuring charges related to the closing of four distribution centers. Weyerhaeuser announced in November that it is buying Plum Creek for $8.4 billion, forming the nation’s largest private owner of timberland.