Weyerhaeuser Company (NYSE: WY), Federal Way, WA, reported sales for the second quarter of $1.7 billion, an increase of 23 percent compared to the same period a year ago. Profit increased 18 percent to $157 million.
During the second quarter, Weyerhaeuser announced the sale of its cellulose fibers pulp mills and liquid packaging board business. Results for the segment were presented as discontinued operations.
For the first six months, sales were $3.1 billion, an increase of 16.6 percent. Profit increased 1.8 percent to $223 million.
Weyerhaeuser also merged with Plum Creek Timber Company Inc. on Feb. 19. Amounts presented include the results of Plum Creek from the merger date forward.
