UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO ______ COMMISSION FILE NUMBER: 1-4825 WEYERHAEUSER COMPANY (Exact name of registrant as specified in its charter) Washington 91-0470860 (State or other jurisdiction of ...

Financial Data and Key Metrics Changes - Weyerhaeuser reported Q1 2023 GAAP earnings of $151 million or $0.21 per diluted share on net sales of $1.9 billion, with adjusted EBITDA of $395 million, a 7% increase over Q4 2022 [4][15] - The company ended the quarter with approximately $800 million in cash and cash equivalents and total debt of approximately $5 billion, maintaining a strong balance sheet and liquidity position [15][16] Business Line Data and Key Metrics Changes - Timberlands contributed $120 million to Q1 earnings with adjusted EBITDA of $188 million, a 25% increase compared to Q4 [4][5] - Real Estate, Energy, and Natural Resources contributed $53 million to Q1 earnings and $89 million to adjusted EBITDA, with a significant increase in real estate acres sold [9] - Wood Products generated $95 million in earnings and $148 million in adjusted EBITDA, a 25% reduction from Q4, primarily due to softening wood products pricing [10][12] Market Data and Key Metrics Changes - In the Western domestic market, log demand and pricing faced downward pressure at the start of Q1, but log consumption increased as end market demand improved [5][6] - In China, log inventories at ports declined, and daily takeaway increased, leading to significantly higher sales volumes compared to Q4 [7] - The Japanese log market softened due to elevated inventories of European lumber imports and lower consumption [6][20] Company Strategy and Development Direction - The company remains focused on operational excellence and returning cash to shareholders, having increased its base dividend by 5.6% [16][30] - Weyerhaeuser anticipates a challenging housing market in 2023 but maintains a positive long-term view on housing fundamentals supported by strong demand and favorable demographic trends [27][30] Management's Comments on Operating Environment and Future Outlook - Management noted improvements in home builder sentiment and new home sales, indicating a better-than-expected housing market [27] - The company expects Q2 earnings and adjusted EBITDA for timberlands to be approximately $20 million lower than Q1 due to market dynamics [19][23] - Management expressed optimism about the long-term growth trajectory of the Natural Climate Solutions business, despite current project timelines being impacted by third-party audits [38][40] Other Important Information - The company returned $139 million to shareholders through dividends and $660 million through supplemental dividends in Q1 [16] - Capital expenditures for the quarter were $71 million, consistent with typical first-quarter levels [15] Q&A Session Summary Question: Trends in Southern log prices - Management noted regional differences in southern sawlog pricing, with the Atlantic coast showing stronger market dynamics compared to inland regions [33][34] Question: Update on Natural Climate Solutions - Management reported increasing interest in Natural Climate Solutions, with optimism about growth despite challenges in project timelines [37][38] Question: Capital allocation approach for share purchases - Management emphasized a disciplined approach to capital allocation, balancing share repurchases with other investment opportunities [42][44] Question: DIY segment demand outlook - Management indicated solid demand in the DIY segment, with expectations for a strong year relative to pre-pandemic levels [47][48] Question: EWP business profitability outlook - Management expressed confidence in the EWP business, anticipating increased production and improved order activity as the housing market recovers [55][57] Question: OSB pricing dynamics - Management clarified that the lag in pricing realization is due to the timing of order files, affecting both upward and downward price movements [69][70] Question: Net position on saw logs - Management confirmed a net long position in saw timber, with 40% to 50% of logs sourced from internal mills and the remainder from third parties [72][74]

2023 EARNINGS RESULTS F I R S T Q U A R T E R 2 0 2 3 FORWARD-LOOKING STATEMENTS This presentation contains statements concerning the company's future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, with respect to: future cash dividends, dividend framework and target percentage return to shareholders of Adjusted Funds Available for Distribution (Adjusted FAD) through cash dividends and/or s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO ______ COMMISSION FILE NUMBER: 1-4825 WEYERHAEUSER COMPANY (Exact name of registrant as specified in its charter) Washington 91-0470860 (State or other jurisdiction o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 COMMISSION FILE NUMBER 1-4825 WEYERHAEUSER COMPANY A WASHINGTON CORPORATION 91-0470860 (IRS EMPLOYER IDENTIFICATION NO.) 220 OCCIDENTAL AVENUE SOUTH, SEATTLE, WASHINGTON 98104-7800 TELEPHONE (206) 539-3000 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: or ☐ TRANSITION REPORT PURSUANT T ...

Weyerhaeuser Company (NYSE:WY) Q4 2022 Results Conference Call January 27, 2023 10:00 AM ET Company Participants Andy Taylor - VP, IR Devin Stockfish - CEO Davie Wold - CFO Conference Call Participants Susan Maklari - Goldman Sachs George Staphos - Bank of America Anthony Pettinari - Citi Ketan Mamtora - BMO Capital Markets Mark Weintraub - Seaport Research Partners Mike Roxland - Truist Securities Paul Quinn - RBC Capital Markets Kurt Yinger - D.A. Davidson Operator Greetings, and welcome to the Weyerhaeus ...

Financial Data and Key Metrics Changes - Weyerhaeuser reported third quarter GAAP earnings of $310 million or $0.42 per diluted share on net sales of $2.3 billion, with adjusted EBITDA totaling $583 million, approximately 52% lower than the second quarter [4][19] - The company generated approximately $560 million of cash from operations in the third quarter and nearly $2.7 billion year-to-date, ending the quarter with approximately $1.9 billion of cash and cash equivalents and total debt of just over $5 billion [19][20] Business Line Data and Key Metrics Changes - Timberlands contributed $107 million to third quarter earnings with adjusted EBITDA of $168 million, a $3 million increase compared to the year-ago quarter, but a decrease of $51 million compared to the second quarter due to lower sales volumes and realizations [6][12] - Wood Products contributed $344 million to third quarter earnings and $395 million to adjusted EBITDA, with adjusted EBITDA down $517 million from the second quarter, largely driven by decreased lumber and OSB pricing [14][15] Market Data and Key Metrics Changes - In the Western domestic market, log demand remained steady despite lower lumber pricing, with domestic sales realizations comparable to the second quarter [7] - Japanese log sales volumes decreased significantly due to increased European lumber imports and reduced export activity from the work stoppage, while in China, demand softened modestly due to disruptions in the real estate market and pandemic-related lockdowns [8][9] Company Strategy and Development Direction - The company continues to engage with high-quality developers for renewable energy and carbon capture opportunities, encouraged by the Inflation Reduction Act, which is expected to drive demand for Natural Climate Solutions [13] - Weyerhaeuser maintains a positive long-term outlook for housing fundamentals, supported by strong demographic trends and a significantly underbuilt housing stock [30][32] Management's Comments on Operating Environment and Future Outlook - Management noted that the near-term housing outlook remains less favorable due to rising mortgage rates, housing affordability challenges, and high inflation, but homebuilder backlog may support wood products demand [29][30] - The company expects fourth quarter earnings and adjusted EBITDA to be significantly lower than the third quarter due to work stoppage impacts and lower average sales realizations [22][26] Other Important Information - The work stoppage resulted in approximately 360,000 tons of deferred volumes in the third quarter, translating to an EBITDA impact of approximately $25 million, with expectations to recover this volume over the next year [33][34] - The company returned $133 million to shareholders through dividends and $145 million through share repurchases, with a commitment to grow dividends by 5% annually through 2025 [20][21] Q&A Session All Questions and Answers Question: Can you talk about the ability to hold some of the price in your EWP business and its implications for profitability? - Management expects to see some input costs on the wood product side coming down, particularly log costs in the West and OSB web stock, which may provide some relief [38] Question: How are you thinking of valuations in Timberlands going into next year? - Management noted strong interest in Timberland assets, with expectations that prices will remain stable due to ongoing interest in Climate Solutions [40][42] Question: What are your thoughts on continued buybacks given the stock's trading position? - Management views share repurchase as a useful tool for returning cash to shareholders and will evaluate it alongside other options [44] Question: Will the deferred volumes from the strike be recovered in Q3 and Q4 of next year? - Management plans to sprinkle the recovery of deferred volumes across the entire year of 2023 [46][47] Question: What is the outlook for log realizations in the West? - Management indicated that log pricing is primarily driven by domestic lumber prices, which have been declining [54][56] Question: Can you provide insights on export markets and realizations? - Management noted headwinds in Japan due to increased European competition but sees opportunities to move volume to Japan and China despite challenges [59][60] Question: What is the guidance for timber prices in the U.S. South? - Management guides on a delivered basis and noted that stumpage prices have been declining, which could impact delivered pricing in the future [62][63]

Weyerhaeuser Company (NYSE:WY) Q2 2022 Results Conference Call July 29, 2022 10:00 AM ET Company Participants Andy Taylor - Director of Investor Relations Devin Stockfish - Chief Executive Officer David Wold - Chief Financial Officer Conference Call Participants George Staphos - Bank of America Susan Maklari - Goldman Sachs Mark Weintraub - Seaport Research Partners Mike Roxland - Truist Securities Kurt Yinger - D.A. Davidson Paul Quinn - RBC Capital Markets Mark Wilde - Bank of Montreal Buck Horne - Raymon ...