earnings
confidence high
sentiment positive
materiality 0.82
Weyerhaeuser Q2 net earnings $173M; announces $244M Alabama timberland acquisitions
WEYERHAEUSER CO
2024-Q2 EPS reported
$0.39
revenue$3,735,000,000
- Net earnings of $173M ($0.24 diluted EPS); adjusted EPS $0.21; net sales $1.94B.
- Adjusted EBITDA $410M, up 16% QoQ but down 13% YoY.
- Announces $244M acquisition of 84,300 acres in Alabama; $100M share repurchases in H1 2024.
- Wood Products segment Adjusted EBITDA $225M includes $25M product remediation recovery.
- Q3 outlook: Timberlands EBITDA down $20-30M; Real Estate EBITDA down ~$30M.