Weyerhaeuser reported fourth quarter net earnings of $292 million, or 39 cents per diluted share, on net sales of $2.1 billion. Excluding net after-tax charges of $69 million for special items, the company reported fourth quarter net earnings of $361 million, or 48 cents per diluted share. Adjusted EBITDA for the fourth quarter of 2020 was $657 million.
Delivered remarkable results despite unprecedented operating and market challenges.
Achieved highest Wood Products Adjusted EBITDA on record.
Captured approximately $100 million of operational excellence improvements.
Reduced gross debt by more than $900 million.
Weyerhaeuser expects first quarter earnings and Adjusted EBITDA will be slightly higher than the fourth quarter.
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