Q4 results include after-tax earnings of $ 489 million from discontinued operations , primarily consisting of gains from the divestiture of the Cellulose Fibers pulp mills and printing papers business , and net after-tax charges of $ 44 million for special items . Excluding discontinued operations and special items , the company reported net earnings of $ 106 million . This compares with net earnings from continuing operations before special items of $ 81 million for the same period last year and $ 172 million for Q3 2016 . For the full year 2016 , |
Weyerhaeuser reported net earnings of $ 1.005 billion on net sales of $ 6.4 billion . This compares with net earnings of $ 462 million on net sales of $ 5.2 billion for the same period last year . 2016 results include after-tax earnings of $ 612 million from discontinued operations related to the divested Cellulose Fibers segment .
“ 2016 was a transformational year for Weyerhaeuser . Through our merger with Plum Creek and the $ 2.5 billion divestiture of our Cellulose Fibers business , we became a focused timber , land and forest products company and
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Doyle R . Simons , President and CEO
nearly doubled the size of our timberland holdings ,” said Doyle R . Simons , President and CEO . “ In addition to completing these significant portfolio changes , we increased Adjusted EBITDA by nearly 55 %, delivered more than $ 100 million of operational excellence improvements , captured significant merger synergies , and achieved the highest annual Wood Products earnings in over a decade . Finally , we returned cash to shareholders through a $ 2 billion share repurchase . Entering 2017 , we remain strongly committed to driving industryleading
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performance , continuing to capture benefits of the merger , and demonstrating disciplined capital allocation to drive superior value for shareholders .” |
Q4 results include after-tax earnings of $ 489 million from discontinued operations , primarily consisting of gains from the divestiture of the Cellulose Fibers pulp mills and printing papers business , and net after-tax charges of $ 44 million for special items . Excluding discontinued operations and special items , the company reported net earnings of $ 106 million . This compares with net earnings from continuing operations before special items of $ 81 million for the same period last year and $ 172 million for Q3 2016 . For the full year 2016 , Weyerhaeuser reported net |
earnings of $ 1.005 billion on net sales of $ 6.4 billion . This compares with net earnings of $ 462 million on net sales of $ 5.2 billion for the same period last year . 2016 results include after-tax earnings of $ 612 million from discontinued operations related to the divested Cellulose Fibers segment .
“ 2016 was a transformational year for Weyerhaeuser . Through our merger with Plum Creek and the $ 2.5 billion divestiture of our Cellulose Fibers business , we became a focused timber , land and forest products company and nearly doubled the size of our timberland holdings ,” said Doyle
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R . Simons , president and CEO . “ In addition to completing these significant portfolio changes , we increased Adjusted EBITDA by nearly 55 %, delivered more than $ 100 million of operational excellence improvements , captured significant merger synergies , and achieved the highest annual Wood Products earnings in over a decade . Finally , we returned cash to shareholders through a $ 2 billion share repurchase . Entering 2017 , we remain strongly committed to driving industryleading performance , continuing to capture benefits of the merger , and demonstrating disciplined capital |
allocation to drive superior value for shareholders .” |