Weyerhaeuser reports strong 2012 earnings, sales
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Federal Way, Wash.-based Weyerhaeuser reported net earnings of $385 million on net sales of $7.1 billion for the full year 2012. This compares with net earnings of $331 million on net sales from continuing operations of $6.2 billion for the full year 2011.
The company reported net earnings of $143 million for the fourth quarter, compared with net earnings of $65 million for the same period last year. Net sales for the fourth quarter of 2012 totaled $2.0 billion, compared with net sales of $1.6 billion for the fourth quarter of 2011.
“As I look forward to 2013, I am excited by the opportunity to build on the momentum of this past year,” said Dan Fulton, president and CEO. “In 2012, we began to realize the results of our work to position the company to capture the benefits of an improving housing market. As a result, our bottom line improved significantly, the board increased the dividend, and our total shareholder return exceeded 50%, one of the best in our industry."
Fourth-quarter net sales totaled $298 million in the timberlands segment, up from $267 million in the third quarter of 2012. Net sales were $832 million in the wood products segment, up from $816 million in the third quarter. Net sales totaled $463 million in the cellulose fibers segment, up from $459 million.
Weyerhaeuser anticipates a slight profit from single-family homebuilding in the first quarter of 2013. Home closings should decline seasonally to approximately 500 homes, with margins comparable with fourth quarter.
NAHB names National Green Building Awards winners
Las Vegas — The National Association of Home Builders (NAHB) honored builders, remodelers and other home-building industry professionals at the International Builders’ Show here as winners of the National Green Building Awards.
Each year, NAHB recognizes individuals, companies and organizations for excellence in residential green design and construction practices and for green building program and advocacy efforts. The awards were presented during the Eco-Disco, a networking and awards event held during Green Day at IBS.
“This year’s winners are particularly impressive,” said NAHB chairman Barry Rutenberg, a home builder from Gainesville, Fla. “All of those honored have shown superior dedication and leadership to the mission of sustainable and eco-friendly living.”
Individual Project Award
Three single-family home projects were honored:
- The New Edition at Damonte Ranch, Reno, Nev., for Project of the Year: Single-family, Small Volume
- Persimmon – Willis Ranch, San Antonio, Texas, for Project of the Year: Single-family, Production
- Maryland Green Designer Show Home, Gambrills, Md., for Project of the Year: Single-family, Custom
One remodeling project and one multi-family project were honored:
- Finding Paradise on Picardy, Raleigh, N.C., for Project of the Year: Remodel
- Seabourn Cove, Boynton Beach, Fla., for Project of the Year: Multifamily
Green Building Advocacy Awards
Five awards were given to individuals or organizations for their efforts in green building advocacy:
- Dan Wise, Wise Construction, Boalsburg, Pa., for Advocate of the Year: Builder
- Paul Sullivan, The Sullivan Company, Inc. Newton, Mass., for Advocate of the Year: Remodeler
- Drew Smith, Two Trails, Sarasota, Fla., for Advocate of the Year: Individual
- Maryland Residential Green Building Council, for Advocate of the Year: Group
- Build San Antonio Green, for Advocate of the Year: State/Local Government
Laclede Gas Company of St. Louis was also named the Utility Partner of the Year for its dedication to high-performance building, the ICC-700 National Green Building Standard and education at the local and national level.
84 Lumber launches ‘All American’ initiative
Las Vegas — Pro dealer 84 Lumber is launching a new program aimed at encouraging builders and consumers to consider constructing homes with materials sourced in the United States. Called “We Build American,” the initiative was announced Jan. 23 at the International Builders’ Show here.
A group of 84 Lumber executives were joined by Marnie Oursler, president of Marnie Homes of Bethany Beach, Del., who founded We Build American and recruited 84 Lumber to join her efforts to promote the concept. “If we get other builders on board, we can make a difference,” said Oursler, referring to the creation of more jobs in the United States.
The We Build American website already lists approximately 180 companies who sell American-made building materials and products. “We know there are [more] vendors out there we may not be aware of,” said Jeff Nobers, VP marketing and public relations. Builders who are willing to construct homes with at least 95% U.S.-made materials are also encouraged to sign up. A search function for consumers who want to build a USA-sourced house is being added.
Montana builder Jake Lewendal, who has been featured in a number of news stories for his All-American built homes, also spoke at the announcement.
Nobers told HCN that 84 Lumber plans to create a system where the pro dealer, which now operates in 30 states, can give builders two bids for building plans: one with “American content” and the other using foreign-sourced materials. Builders may be surprised, he predicted, at the narrow gap in total costs, especially when labor and productivity are factored in. The quality of U.S.-made products may also win some converts, he added.
84 Lumber is planning a prototype store that will showcase the U.S.-made building products. Chief operating officer Frank Cicero told HCN that the LBM chain is looking at a location in an area where the company has a high concentration of stores, such as the Baltimore/Washington, D.C./Virginia area.
Nobers stressed that 84 Lumber was taking a “big tent” view of the We Build American initiative. “This just can’t be an 84 Lumber thing,” he said. “We think everyone should take a look at this.”