Weyerhaeuser Company (NYSE: WY) reported Friday that the company suffered a loss in its fiscal fourth quarter, citing the weak housing market.
The company posted a net loss of $175 million, or 83 cents per share, in the last three months of 2009, on net sales from continuing operations of $1.5 billion.
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Last year, Weyerhaeuser reported a fourth quarter net loss of $1.2 billion, or $5.73 per share, on net sales from continuing operations of $1.8 billion.
For the full year 2009, Weyerhaeuser reported a net loss of $545 million, or $2.58 per share, on net sales from continuing operations of $5.5 billion. This compares with a net loss of $1.2 billion, or $5.57 per share, on net sales from continuing operations of $8.1 billion for 2008.
Of the company’s four major categories, Timberlands was the only to drop from last year’s results. The category earned $13 million in the quarter, compared to $68 million in the same quarter last year.
Wood products suffered a $208 million loss, compared to a $960 million loss last year, while real estate also earned an $89 million loss, compared to $630 million in the same quarter in 2008. Cellulose fibers earned a profit of $147 million, compared to a $29 million loss last year.
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