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Dec 31, 2020
Weyerhaeuser Q4 2020 Earnings Report
Weyerhaeuser reported net earnings of $292 million for the fourth quarter of 2020.
Key Takeaways
Weyerhaeuser reported fourth quarter net earnings of $292 million, or 39 cents per diluted share, on net sales of $2.1 billion. Excluding net after-tax charges of $69 million for special items, the company reported fourth quarter net earnings of $361 million, or 48 cents per diluted share. Adjusted EBITDA for the fourth quarter of 2020 was $657 million.
Delivered remarkable results despite unprecedented operating and market challenges.
Achieved highest Wood Products Adjusted EBITDA on record.
Captured approximately $100 million of operational excellence improvements.
Reduced gross debt by more than $900 million.
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
- Expects first quarter earnings and Adjusted EBITDA will be slightly higher than the fourth quarter.
- Anticipates higher export log sales volumes in the West.
- Expects higher fee harvest volumes in the South.
- Expects improved manufacturing costs across product lines.
- Expects slightly higher sales volumes, primarily for lumber and engineered wood products.
Challenges Ahead
- Anticipates slightly lower average domestic log sales realizations in the West.
- Anticipates slightly higher unit logging and hauling costs in the West.
- Anticipates seasonally lower road spending in the West.
- Adjusted EBITDA will be modestly lower than first quarter 2020 due to the timing and mix of real estate transactions
- Various risks and uncertainties detailed in the report could affect actual results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income