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Mar 31, 2021
Weyerhaeuser Q1 2021 Earnings Report
Weyerhaeuser reported first quarter results with record high Adjusted EBITDA.
Key Takeaways
Weyerhaeuser reported first quarter net earnings of $681 million, or 91 cents per diluted share, on net sales of $2.5 billion. The company achieved its highest quarterly Adjusted EBITDA on record at $1.1 billion, driven by strong performance in the Wood Products segment.
Achieved net earnings of $681 million, or $0.91 per diluted share.
Highest quarterly Adjusted EBITDA on record at $1.1 billion.
Increased Adjusted EBITDA by 68 percent compared with fourth quarter 2020.
Wood Products Adjusted EBITDA surpassed previous record by more than 50 percent.
Revenue by Segment
Forward Guidance
Weyerhaeuser expects second quarter earnings and Adjusted EBITDA will be comparable to the first quarter, with various offsetting factors across its business segments.
Positive Outlook
- In the West, the company anticipates significantly higher fee harvest volumes.
- In the South, the company expects significantly higher fee harvest volumes and comparable average sales realizations.
- Excluding the effect of changes in average sales realizations for lumber and oriented strand board, the company expects second quarter earnings and Adjusted EBITDA will be significantly higher than the first quarter.
- The company anticipates higher sales volumes for lumber and increased sales realizations for engineered wood products.
- To date, second quarter benchmark pricing for lumber and oriented strand board is significantly higher than the first quarter average.
Challenges Ahead
- In the West, the company anticipates seasonally higher forestry and road expenses.
- In the South, the company anticipates partially offset by seasonally higher forestry and road expenses.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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