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Dec 31, 2019
Weyerhaeuser Q4 2019 Earnings Report
Weyerhaeuser reported a net loss for the fourth quarter of 2019, but highlighted strong execution and operational excellence amid market headwinds.
Key Takeaways
Weyerhaeuser Company reported a net loss of $14 million, or two cents per diluted share, on net sales of $1.5 billion for the fourth quarter of 2019. Excluding special items, the company reported net earnings of $23 million, or three cents per diluted share. The company's 2019 performance was impacted by a sluggish housing market, global trade uncertainty, and challenged commodity prices.
Net sales for Q4 2019 were $1.5 billion, compared to $1.6 billion for the same period last year.
The company reported a net loss of $14 million, or two cents per diluted share, for Q4 2019.
Adjusted EBITDA for the fourth quarter of 2019 was $260 million, compared to $346 million for the same period last year.
Weyerhaeuser expects modest growth will drive improvement across its markets as the year progresses.
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 first quarter earnings and Adjusted EBITDA will be slightly higher than the fourth quarter.
Positive Outlook
- Higher domestic and export log sales volumes are anticipated in the West.
- Modestly higher average domestic log sales realizations are expected in the West.
- Lower road spending is anticipated in the West.
- Seasonally improved operating rates for engineered wood products are expected.
- Slightly higher sales volumes for lumber and oriented strand board are anticipated.
Challenges Ahead
- Seasonally lower fee harvest volumes are expected in the South.
- Average log sales realizations comparable with the fourth quarter average are expected in the South.
- No specific negative factors were explicitly mentioned for the company as a whole.
- No specific negative factors were explicitly mentioned for the company as a whole.
- No specific negative factors were explicitly mentioned for the company as a whole.
Revenue & Expenses
Visualization of income flow from segment revenue to net income