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Jun 30, 2020
Weyerhaeuser Q2 2020 Earnings Report
Weyerhaeuser reported net earnings of $72 million, or $0.10 per diluted share, on net sales of $1.6 billion for the second quarter.
Key Takeaways
Weyerhaeuser reported second quarter net earnings of $72 million, or 10 cents per diluted share, on net sales of $1.6 billion. Adjusted EBITDA for the second quarter of 2020 was $386 million.
Net earnings achieved $72 million, or $0.10 per diluted share.
Adjusted EBITDA increased by more than 12 percent compared to second quarter 2019.
Delivered strong results across each of the businesses despite the disruptive impacts of the COVID-19 pandemic
Generated solid cash flow and strengthen balance sheet.
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 expects third quarter earnings and Adjusted EBITDA will be significantly higher than second quarter.
Positive Outlook
- U.S. housing activity is improving
- Third quarter benchmark pricing for lumber and oriented strand board is significantly higher than the second quarter average.
- Anticipates increased sales volumes across most product lines.
- Expects third quarter earnings and Adjusted EBITDA will be significantly higher than second quarter (Wood Products).
- Full year 2020 Adjusted EBITDA for the segment will be approximately $235 million (Real Estate, Energy & Natural Resources).
Challenges Ahead
- Rising COVID-19 infection rates
- Rollback of certain economic reopening plans.
- Third quarter earnings and Adjusted EBITDA will be lower than second quarter (Timberlands)
- Anticipates slightly lower average log sales realizations and seasonally higher road, forestry, and per unit logging and hauling costs (Timberlands).
- Expects seasonally higher forestry expenses, decreased fee harvest volumes and slightly lower average log sales realizations, primarily due to mix (Timberlands).