FEDERAL WAY, WA -- Weyerhaeuser Company (NYSE: WY) reported net earnings of $1.116 billion for the third quarter on net sales of $1.7 billion. This compares with essentially break-even results on net sales of $1.4 billion for the same period last year.

Excluding the income tax adjustments, the company reported net earnings of $81 million in Q3 of 2010, a $137 million increase compared with the $56 million loss before special items reported in the third quarter of 2009.

Read Weyerhaeuser's press release.