Weyerhaeuser Has Earnings Increase

Weyerhaeuser reported third quarter net earnings of $283 million on net sales of $2.1 billion. This compares with net earnings of $99 million and $1.7 billion in the same period last year. Third-quarter results include after-tax charges of $103 million for special items, primarily a non-cash timber casualty loss associated with Oregon fire damage. Excluding special items, the company reported third-quarter net earnings of $386 million. This compares with net earnings before special items of $59 million for the same period last year and $77 million for the second quarter of 2020.