Weyerhaeuser Company reported Q3 net earnings of $28 million, or 4 cents per diluted share, on net sales of $1.7 billion. This compares with net earnings of $239 million, or 33 cents per diluted share, on net sales of $2.0 billion for the same period last year and net earnings of $173 million for Q2 2024.
Excluding an after-tax charge of $7 million for special items, the company reported Q3 net earnings of $35 million, or 5 cents per diluted share. This compares with net earnings before special items of $154 million for Q2 2024.
Adjusted EBITDA for Q3 2024 was $236 million, compared with $509 million for the same period last year and $410 million for Q2 2024.
“Our teams delivered solid operating performance in the Q3 against a challenging market backdrop,” said Devin W. Stockfish, president and CEO. “We remain well positioned in the current environment given our deeply engrained OpX culture and relative position on the cost curve. Our balance sheet is strong, and we continue to demonstrate the durability of our portfolio and capital allocation framework across market cycles. Looking forward, we maintain a constructive outlook for the demand fundamentals that support growth for our businesses, and we remain focused on serving our customers and driving long-term value for our shareholders.”
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls approximately 10.5 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada.
