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Jun 30, 2022
Weyerhaeuser Q2 2022 Earnings Report
Reported strong second-quarter results with solid performance across all business segments.
Key Takeaways
Weyerhaeuser reported second quarter net earnings of $788 million, or $1.06 per diluted share, on net sales of $3.0 billion. The company's financial position remains exceptionally strong, and they are committed to delivering operational excellence and enhancing shareholder value.
Achieved net earnings of $788 million, or $1.06 per diluted share
Generated record first half Adjusted EBITDA of $2.7 billion
Enhanced portfolio with strategic timberlands acquisition in North and South Carolina
Teams delivered strong results across each of our businesses
Revenue by Segment
Forward Guidance
Weyerhaeuser anticipates third quarter earnings before special items and Adjusted EBITDA will be lower than second quarter 2022, but moderately higher than third quarter 2021.
Positive Outlook
- In the South, the company expects sales realizations and per unit log and haul costs to be comparable and fee harvest volumes to be moderately higher.
- Raw material costs for engineered wood products are expected to be significantly lower, primarily for oriented strand board webstock.
- The company expects comparable sales volumes and unit manufacturing costs for lumber, as well as moderately lower log costs.
- The company expects slightly lower sales volumes, comparable fiber costs
- The company now expects full year 2022 Adjusted EBITDA for the segment will be approximately $325 million
Challenges Ahead
- Weyerhaeuser anticipates third quarter earnings before special items and Adjusted EBITDA will be lower than second quarter 2022
- In the West, the company expects comparable fee harvest volumes and significantly lower sales volumes due to export.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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