Weyerhaeuser Q2 net earnings $230M ($0.31 EPS), down 71% YoY; Adj EBITDA $469M, up 19% QoQ

WEYERHAEUSER CO

2023-Q2 EPS reported $0.52 revenue$3,878,000,000

Net earnings $230M ($0.31 diluted EPS) vs $788M ($1.06) Q2 2022; net sales $2.0B, down from $3.0B YoY.
Adjusted EBITDA $469M, up 19% from Q1 2023 $395M; adjusted EPS $0.32.
Acquired 22K acres of timberlands in Mississippi for ~$60M; expects to deliver synergies with existing ops.
Q3 outlook: Timberlands Adj EBITDA ~$25M lower QoQ; Wood Products significantly higher; REENR Adj EBITDA ~$20M higher.
Net cash from operations $496M; Adjusted FAD $415M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEYERHAEUSER CO reported the quarter ended June 30, 2023 results: revenue $2.0 billion, net income $230 million, EPS $0.31 per diluted share.

Period: the quarter ended June 30, 2023
Revenue: $2.0 billion
Net income: $230 million
EPS: $0.31 per diluted share
Result: reported results

Exact text from the filing

Weyerhaeuser Company (NYSE: WY) today reported second quarter net earnings of $230 million, or 31 cents per diluted share, on net sales of $2.0 billion.

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Source: SEC EDGAR

accession 0000950170-23-035183

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