Weyerhaeuser Profits Hit Record For Quarter

A dramatic jump in pulp and paper profits gave Weyerhaeuser Co. record first-quarter earnings of $206.6 million, or $1 per common share, in 1995’s first quarter, the company said Tuesday.

Earnings were up 63 percent from $126.6 million and 62 cents per share a year ago.

Net sales for the quarter ended March 26 also set a record at $2.75 billion, up 15 percent from $2.39 billion in 1994’s first quarter.

Operating earnings in Weyerhaeuser’s timberlands and wood products division were $239 million, compared with $283 million last year. The drop was blamed on lower product prices.