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Weyerhaeuser Q1 Earnings Meet, Sales Beat Estimates, Both Fall Y/Y
WYWeyerhaeuser(WY) ZACKS·2025-04-25 16:00

Core Insights - Weyerhaeuser Company reported first-quarter 2025 results with earnings meeting consensus estimates and net sales exceeding expectations, although both metrics declined year-over-year due to lower export sales volumes, particularly to China [1][3] Financial Performance - Adjusted earnings were 11 cents per share, a decrease of 31.3% from 16 cents in the previous year [3] - Net sales for the quarter were 1.76billion,surpassingtheconsensusmarkof1.76 billion, surpassing the consensus mark of 1.75 billion by 0.7%, but down 1.8% from 1.80billioninthesamequarterlastyear[3]−AdjustedEBITDAwas1.80 billion in the same quarter last year [3] - Adjusted EBITDA was 328 million, down 6.8% from 352millionintheyear−agoperiod[4]SegmentPerformance−∗∗Timberlands∗∗:Netsalesincreasedto352 million in the year-ago period [4] Segment Performance - **Timberlands**: Net sales increased to 534 million from 521millionyear−over−year,withadjustedEBITDArisingto521 million year-over-year, with adjusted EBITDA rising to 167 million from 144million[5]−∗∗RealEstate,EnergyandNaturalResources∗∗:Netsalesdecreasedto144 million [5] - **Real Estate, Energy and Natural Resources**: Net sales decreased to 94 million from 107millionyear−over−year,withadjustedEBITDAdecliningto107 million year-over-year, with adjusted EBITDA declining to 82 million from 94million[6]−∗∗WoodProducts∗∗:Salestotaled94 million [6] - **Wood Products**: Sales totaled 1.29 billion, down from 1.30billioninthepreviousyear,withadjustedEBITDAdecreasingto1.30 billion in the previous year, with adjusted EBITDA decreasing to 161 million from 184million[7]CashFlowandDebt−AsofMarch31,2025,cashandcashequivalentswere184 million [7] Cash Flow and Debt - As of March 31, 2025, cash and cash equivalents were 560 million, down from 684millionattheendof2024[8]−Long−termdebtincreasedto684 million at the end of 2024 [8] - Long-term debt increased to 5.02 billion from 4.87billionattheendof2024[8]−Netcashfromoperationswas4.87 billion at the end of 2024 [8] - Net cash from operations was 70 million, down from 124millionayearago[8]Q2Outlook−ForQ22025,TimberlandearningsandadjustedEBITDAareexpectedtobeapproximately124 million a year ago [8] Q2 Outlook - For Q2 2025, Timberland earnings and adjusted EBITDA are expected to be approximately 15 million lower than Q1 [9] - In the Real Estate, Energy and Natural Resources segment, earnings are anticipated to be about 40millionhigherthanQ1,withadjustedEBITDAexpectedtoincreasebyabout40 million higher than Q1, with adjusted EBITDA expected to increase by about 50 million [11] - Within the Wood Products segment, earnings and adjusted EBITDA are expected to be slightly higher than Q1 levels, with anticipated increases in sales volumes and log costs [12][13]