Weyerhaeuser Co.: The Tacoma, Wash., forest products...
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From Times Staff and Wire Reports
Weyerhaeuser Co.: The Tacoma, Wash., forest products company said fourth-quarter net income totaled $59 million, contrasted with a $129-million loss a year ago. Revenue fell 19% to $2.085 billion. For the year, earnings rose 20% to $394 million, while revenue decreased 11% to $9 billion. Results for 1989 reflected a special items charge of $260 million. The firm attributed the revenue drop to the sharp decline in the construction industry.
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