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Mar 31, 2022
Weyerhaeuser Q1 2022 Earnings Report
Weyerhaeuser reported record first quarter earnings.
Key Takeaways
Weyerhaeuser reported first quarter net earnings of $771 million, or $1.03 per diluted share, on net sales of $3.1 billion. The company's strongest first quarter Adjusted EBITDA on record was $1.5 billion.
Achieved net earnings of $771 million, or $1.03 per diluted share.
Net earnings before special items of $978 million, or $1.31 per diluted share.
Generated record first quarter Adjusted EBITDA of $1.5 billion.
Returned over $1.3 billion of cash to shareholders.
Weyerhaeuser
Weyerhaeuser
Weyerhaeuser Revenue by Segment
Revenue by Segment
Timberlands Revenue
CapyFin.comReal Estate & ENR Revenue
CapyFin.comWood Products Revenue
CapyFin.com Forward Guidance
Weyerhaeuser anticipates second quarter earnings before special items and Adjusted EBITDA will be significantly lower than the first quarter, but higher than any other quarter since fourth quarter 2018.
Positive Outlook
- The company expects significantly higher sales volumes for lumber
- The company expects moderately lower log costs and unit manufacturing costs for lumber.
- The company expects moderately higher sales volumes for oriented strand board
- The company expects comparable fiber costs for oriented strand board
- The company expects slightly lower unit manufacturing costs for oriented strand board.
Challenges Ahead
- In the West, the company expects significantly higher per unit log and haul costs.
- In the South, the company expects moderately higher fee harvest volumes and per unit log and haul costs.
- Forestry and road costs will be seasonally higher.
- Engineered wood products production and sales volumes are expected to be significantly higher with comparable sales realizations, partially offset by significantly higher raw material costs, primarily for oriented strand board webstock.
- Distribution commodity product margins are expected to be significantly lower.
Revenue & Expenses
Visualization of income flow from segment revenue to net income