Weyerhaeuser Q1 Profit Climbs Despite Unusually Severe Weather - Quick Facts

(RTTNews) - Forest products company Weyerhaeuser Co. (WY) posted higher first-quarter 2014 net earnings attributable to common shareholders of $183 million, or $0.31 a share, compared with $144 million, or $0.26 a share, last year. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.24 for the quarter. Analysts' estimates typically exclude one-time items.

The firm clocked $1.98 billion in net sales for the recent quarter, compared with the prior-year level of $1.95 billion. Nine analysts estimated revenues of $2.08 billion for the quarter.

The company reported strong operating results in the quarter, despite unusually severe winter weather. In addition, Weyerhaeuser's chief executive, stated: "Our Timberlands business is realizing increasing benefits from the Longview Timber acquisition and reported its highest quarterly earnings excluding land sales since 2006."