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Sep 30, 2023
Weyerhaeuser Q3 2023 Earnings Report
Weyerhaeuser reported solid results across its businesses and achieved its first forest carbon credits in Maine.
Key Takeaways
Weyerhaeuser reported third quarter net earnings of $239 million, or 33 cents per diluted share, on net sales of $2.0 billion. Adjusted EBITDA for third quarter 2023 was $509 million.
Achieved net earnings of $239 million, or $0.33 per diluted share
Generated Adjusted EBITDA of $509 million, a 9 percent increase compared with second quarter 2023
Received approval for the company’s first forest carbon credits
Near-term market conditions have moderated, but the company remains constructive on the longer-term demand fundamentals.
Revenue by Segment
Forward Guidance
Weyerhaeuser anticipates fourth quarter earnings and Adjusted EBITDA will be moderately lower than the third quarter, excluding the effect of changes in average sales realizations for lumber and oriented strand board.
Positive Outlook
- For lumber, the company expects moderately higher sales volumes.
- For lumber, the company expects comparable log costs.
- For lumber, the company expects slightly lower unit manufacturing costs.
- For oriented strand board, the company anticipates moderately higher sales volumes.
- For oriented strand board, the company anticipates slightly lower unit manufacturing costs.
Challenges Ahead
- For engineered wood products, the company expects lower sales realizations.
- For engineered wood products, the company expects slightly higher raw material costs.
- For engineered wood products, the company expects slightly lower sales volumes, primarily for solid section products.
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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