Weyerhaeuser Swings to Profit in Fourth Quarter

Federal Way, WA, Feb. 4, 2011 -- Weyerhaeuser Co. reported fourth quarter net income of $171 million, or $0.32 a share, compared with a loss of $175 million, or a loss of $0.83 a share a year earlier.

Net sales rose to $1.7 billion from $1.5 billion last year.

For 2010, Weyerhaeuser reported net income of $1.281 billion, or $3.99 per share, and net sales of $6.6 billion, compared with a net loss of $545 million, or a loss $2.58 per share, and sales of $5.5 billion for 2009.

“Extremely challenging housing market conditions affected the financial performance of our Timberlands, Wood Products and Real Estate segments. We anticipate these market challenges will continue in 2011," said Dan Fulton, CEO and president, in a press release.