Weyerhaeuser (WY) Misses Q4 EPS by 2c Ex-Disc Ops and Items

Weyerhaeuser (NYSE: WY) reported Q4 EPS of $0.14, excluding discontinued operations and special items, $0.02 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.63 billion.

"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 R. Simons, president and chief executive officer. "In addition to completing these significant portfolio changes, we increased Adjusted EBITDA by nearly 55 percent, 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 industry-leading performance, continuing to capture benefits of the merger, and demonstrating disciplined capital allocation to drive superior value for shareholders."

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