Weyerhaeuser Q1 net earnings $114M ($0.16 EPS); raises dividend 5.3%; EBITDA up 10% QoQ

WEYERHAEUSER CO

2024-Q1 EPS reported $0.16 revenue$1,796,000,000

Net earnings $114M ($0.16 diluted EPS) vs $151M ($0.21) Q1 2023; no special items.
Adjusted EBITDA $352M +10% QoQ from $321M Q4; down from $395M Q1 2023.
Quarterly base dividend increased 5.3%; Q1 dividend $0.34 vs $0.19 Q4 2023.
Signed third carbon capture & sequestration exploration agreement for five U.S. South sites.
Q2 guidance: earnings and Adj. EBITDA slightly higher QoQ; lumber volumes and OSB volumes expected up.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WEYERHAEUSER CO reported first quarter results: revenue net sales of $1.8 billion, net income net earnings of $114 million, or $0.16 per diluted share, EPS 16 cents per diluted share.

Period: first quarter
Revenue: net sales of $1.8 billion
Net income: net earnings of $114 million, or $0.16 per diluted share
EPS: 16 cents per diluted share
Result: reported results

Exact text from the filing

Weyerhaeuser Company (NYSE: WY) today reported first quarter net earnings of $114 million, or 16 cents per diluted share, on net sales of $1.8 billion. This compares with net earnings of $151 million, or 21 cents per diluted share, on net sales of $1.9 billion for the same period last year and net earnings of $219 million for fourth quarter 2023.

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Source: SEC EDGAR

accession 0000950170-24-048384

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