Weyerhaeuser Company reported 3Q 2022 net earnings of $310 million, or 42 cents per diluted share, on net sales of $2.3 billion. This compares with net earnings of $482 million, or 64 cents per diluted share, on net sales of $2.3 billion for the same period last year and net earnings of $788 million for the 2Q 2022. There were no special items in 3Q or 2Q 2022. Net earnings before special items was $450 million for the same period last year.
Adjusted EBITDA for the 3Q 2022 was $583 million compared with $746 million for the same period last year and $1.2 billion for the 2Q 2022.
"In the 3Q, we delivered solid results across our businesses, despite increasing macroeconomic headwinds," said Devin W. Stockfish, President and CEO. "Although near-term market conditions have moderated, we maintain a constructive longer-term outlook for the demand fundamentals that support our businesses. Looking ahead, our balance sheet is exceptionally strong, and we are well positioned to navigate through a range of market conditions. We remain focused on serving our customers and driving long-term value for our shareholders through an unmatched portfolio of assets, industry-leading performance and disciplined capital allocation."
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. The Company owns or controls approximately 11 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada.
