Weyerhaeuser Company reported Q4 net earnings of $81 million, or 11 cents per diluted share, on net sales of $1.7 billion. This compares with net earnings of $219 million, or 30 cents per diluted share, on net sales of $1.8 billion for the same period last year and net earnings of $28 million for Q3 2024.
There were no special items in Q4 2024. Net earnings before special items was $121 million for the same period last year and $35 million for Q3 2024. Adjusted EBITDA for Q4 2024 was $294 million, compared with $321 million for the same period last year and $236 million for Q3 2024.
For full year 2024, Weyerhaeuser reported net earnings of $396 million, or 54 cents per diluted share, on net sales of $7.1 billion. This compares with net earnings of $839 million on net sales of $7.7 billion for full year 2023. Full year
2024 includes a total after-tax benefit of $12 million for special items. Excluding these items, the company reported net earnings of $384 million, or 53 cents per diluted share. This compares with net earnings before special items of $749
million for full year 2023. Adjusted EBITDA for full year 2024 was $1.3 billion, compared with $1.7 billion for full year 2023.
In 2024, the company delivered strong results from its Natural Climate Solutions business, generating $55 million of operating income. Adjusted EBITDA was $84 million, a 79 percent increase compared to 2023. The company is encouraged by continued market development and demand for its climate solutions offerings and remains on track to reach $100 million of Adjusted EBITDA by year end 2025.
“Our performance in 2024 reflects solid execution against a challenging market backdrop,” said Devin W. Stockfish, President and CEO. “Our teams drove meaningful improvements across each of the value levers of our investment thesis in 2024, and we continued to demonstrate the durability of our portfolio and the flexibility of our capital allocation framework across market cycles. Notably, we grew our timberlands through strategic acquisitions in Alabama, announced an investment to expand our EWP portfolio, advanced our Natural Climate Solutions business and captured additional operational excellence improvements. We also increased our base dividend by 5.3% and repurchased $153 million of our shares. Entering 2025, our balance sheet is strong, and we are well positioned to capitalize as market conditions improve. We remain focused on achieving our multi-year targets, 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 10.4 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada.
