Weyerhaeuser posts a strong 2013
Federal Way, Wash.-based Weyerhaeuser posted net earnings of $540 million for the full year 2013, up from $385 million in 2012.
Net sales for the year were $8.5 billion, up from $7.1 billion in 2012.
The company noted that in 2013 it doubled earnings before special items, increased its per share dividend by nearly 30% and announced a deal to combine its real estate operation with TRI Pointe Homes. It also acquired about 645,000 acres of timberlands in the Pacific Northwest through the purchase of Longview Timber.
"As 2014 begins, we are relentlessly focused on driving operational excellence to fully capitalize on improving markets and deliver value to our shareholders," said President and CEO Doyle Simons.
In the fourth quarter, Weyerhaeuser’s net sales were $2.26 billion, up from $2.00 billion in the same quarter last year. Fourth quarter net earnings declined from $143 million in last year’s quarter, to $43 million.
BMC introduces BMC Design
Boise, Idaho-based BMC launched a brand extension called BMC Design, aimed at boosting service for existing customers and appealing to homeowners, designers and architects.
BMC describes the new service as “elevated customer service, additional support and a sophisticated experience that builders can share with their buyers as a valuable project-development tool.”
BMC CEO Peter Alexander said the new brand brings the company’s industry-leading specialists to help inspire and guide product selection, while aslo managing expectations and budgets. “Whether your goal is to deliver on a home buyer’s vision, increase sales or differentiate your company from other builders, BMC can help you achieve that goal,” he said.
Additionally, the company unveiled its first BMC Design Center in Salt Lake City in November. BMC plans to have a BMC Design Center in each of its markets within the next two years.
“BMC Design is all about product selection and customer experience,” Alexander said. “You’ll be working with certified Product Specialists in millwork, windows and cabinetry to select your options. BMC handles everything else, with service you can count on from order to delivery.”
BMC operates in 16 markets in 10 states, eight of which are in the top 25 single-family construction markets, and has nearly 4,000 employees.
Pope Resources climbs out of the red in 2013
Pope Resources posted strong earnings for the full year and fourth quarter ended Dec. 31, 2013, pulling itself into the black after a 2012 riddled by losses.
Net revenue for the quarter was $19.1 million, up from $12.9 million during the same quarter in 2012. For the full year, revenues were also up substantially — 30.8% — at $70.7 million.
Net income of $2.5 million in the fourth quarter was a significant turnaround from year-ago losses of $673,000. Full-year income was $11.7 million, compared with a loss of $6.8 million in 2012.
"Gradually improving domestic housing starts and steady export log demand drove strong log prices for the quarter and the year," said David L. Nunes, president and CEO. "These market forces allowed us to increase our harvest volume, capturing previously deferred volume. Our Real Estate segment also benefited from improved market conditions as revenue for 2013 was nearly double the level of 2012. Together, these factors combined for a record year of revenue for the Partnership, and they laid the groundwork for a promising 2014 as we anticipate healthy prices for our logs and a string of real estate sales flowing from our Gig Harbor project."