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Weyco Results

Posted on 30th January 2015 at 09:21

Weyerhaeuser is out with fourth quarter and full year financial results today, announcing that the company had net income of $166 million in the fourth quarter, on net sales of $1.8 billion. That compares to net income of $43 million in the same quarter last year, on the same amount of net sales. For all of 2014, Weyerhaeuser had net income of $1.8 billion on net sales of $7.4 billion, compared to full-year earnings of $540 million in 2013, on net sales of $7.3 billion. President and CEO Doyle Simmons says that they demonstrated their commitment to driving shareholder value in 2014, divesting their homebuilding business to become more focused on being a forest products company. For the year ahead, Simmons says that they remain “relentlessly focused” on driving that value through operational excellence, capitalizing on improving markets and delivering value to shareholders.