25 July 2006 — Federal Way (WA): Weyerhaeuser has announced a sharp fall in Q2 net earnings following restructuring costs of $12 million. Net earnings were $314 million or, diluted EPS of $1.26, compared to $420 million or, diluted EPS of $1.71 in Q2 2005.
Net sales for the quarter remained the same as Q2 2005 at $5.7 billion.