Weyerhaeuser(WY) - 2025 Q1 - Quarterly Results

Financial Performance - Net sales for Q1 2025 were $1,796 million, a 4.0$1,763 million[1] - Gross margin improved to $355 million in Q1 2025, up from$335 million in Q4 2024, reflecting a 5.9% increase[1] - Adjusted EBITDA for Q1 2025 was $352 million, representing a 19.6$294 million in Q4 2024[3] - Net earnings for Q1 2025 rose to $114 million, a significant increase of 37.3$83 million in Q1 2024[1] - Earnings per share (EPS) for Q1 2025 was $0.16, up from$0.11 in Q4 2024, marking a 45.5% increase[2] - Operating income for Q1 2025 was $196 million, an increase of 12.6$179 million in Q4 2024[1] Asset and Cash Management - Total assets decreased slightly to $16,520 million in Q1 2025 from$16,536 million in Q4 2024[5] - Cash and cash equivalents at the end of Q1 2025 were $560 million, down from$684 million at the end of Q4 2024[6] - Cash spent for capital expenditures in Q1 2025 was $67 million, a decrease from$117 million in Q4 2024[18] Segment Performance - The Timberlands segment reported total net sales of $534 million in Q1 2025, up from$497 million in Q4 2024[8] - Total net sales for Q1 2025 were $1,287 million, a slight increase from$1,263 million in Q4 2024, but a decrease from $1,302 million in Q1 2024[16] - Gross margin for Q1 2025 was$173 million, compared to $171 million in Q4 2024 and$195 million in Q1 2024, indicating a decline year-over-year[16] - Adjusted EBITDA for Q1 2025 was $161 million, unchanged from Q4 2024, but down from$184 million in Q1 2024[17] - Delivered logs total for Q1 2025 was 335,000 tons, a decrease from 340,000 tons in Q1 2024[12] - Real estate net sales in Q1 2025 were $69 million, down from$83 million in Q1 2024, with acres sold decreasing to 16,654 from 19,774[15] - Structural lumber third-party net sales increased to $527 million in Q1 2025 from$492 million in Q4 2024, while sales realizations rose to $463 from$442[19] Dividends and Charges - The company paid dividends of $0.21 per common share in Q1 2025, an increase from$0.20 in Q4 2024[2] - The basis as a percent of real estate net sales improved to 35% in Q1 2025 from 45% in Q4 2024[15] - The company reported a net charge to earnings of $99 million in Q1 2025, compared to$74 million in Q4 2024[22]