Weyerhaeuser revenue up 9.4%

Weyerhaeuser, the Seattle-based forest products giant, reported third quarter 2017 net sales of $1.87 billion — a 9.4% increase over net sales of $1.71 billion for the third quarter 2016.

The company also reported net earnings of $130 million for the quarter, down from net earnings from continuing operations of $162 million in the same period last year.

"I am very pleased with our third quarter performance, as each of our businesses delivered strong operating results despite various weather-related challenges in the quarter," said Doyle Simons, Weyerhaeuser president and CEO.

During the quarter, Weyerhaeuser sold its operations in Uruguay. The company also recently redeemed its interest in the Twin Creeks timberland venture.

In the West, higher average sales realizations for domestic and export logs were offset by lower fee harvest volumes due to fire season related logging restrictions, the company reported.

In the South, log sales volumes increased, and average sales realizations were comparable to the second quarter, as slightly higher sawlog pricing was offset by a higher proportion of pulpwood sales. Forestry costs also increased slightly, according to Weyerhaeuser.