Wood products producer Weyerhaeuser reported revenues of $1.64 billion for its second fiscal quarter, a 2% drop from $1.61 billion in revenues during the same period last year.
Sales in Weyerhaeuser's wood products segment dropped 10.3% to $726 million from $809 million a year ago.
The Federal Way, Wash.-based company, which also operates divisions in timber sales, cellulose fibers and real estate, registered a profit of $10 million, compared with $14 million in the second quarter of 2011. Excluding one-time charges, earnings in the most recent quarter were $32 million.
Operating losses for the wood products division, which includes dimensional lumber, engineered wood products, oriented strand board (OSB) and plywood, were posted at $61 million in the second quarter of 2011, compared with a loss of $4 million a year earlier ago.
Excluding the sale of its hardwood products divi