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 $1.76 billion, surpassing the consensus mark of $1.75 billion by 0.7%, but down 1.8% from $1.80 billion in the same quarter last year [3] - Adjusted EBITDA was $328 million, down 6.8% from $352 million in the year-ago period [4] Segment Performance - **Timberlands**: Net sales increased to $534 million from $521 million year-over-year, with adjusted EBITDA rising to $167 million from $144 million [5] - **Real Estate, Energy and Natural Resources**: Net sales decreased to $94 million from $107 million year-over-year, with adjusted EBITDA declining to $82 million from $94 million [6] - **Wood Products**: Sales totaled $1.29 billion, down from $1.30 billion in the previous year, with adjusted EBITDA decreasing to $161 million from $184 million [7] Cash Flow and Debt - As of March 31, 2025, cash and cash equivalents were $560 million, down from $684 million at the end of 2024 [8] - Long-term debt increased to $5.02 billion from $4.87 billion at the end of 2024 [8] - Net cash from operations was $70 million, down from $124 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 $40 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]

Financial Performance - Q1 2025 - Total Adjusted EBITDA reached $328 million, a $34 million increase compared to Q4 2024[6] - Net sales increased to $1.763 billion in Q1 2025 from $1.708 billion in Q4 2024[8] - Net earnings before special items were $83 million in Q1 2025, compared to $81 million in Q4 2024[8] - Diluted EPS before special items remained constant at $0.11 in both Q4 2024 and Q1 2025[8] Segment Performance - Q1 2025 - Timberlands Adjusted EBITDA increased to $167 million in Q1 2025, up from $126 million in Q4 2024[6] - Real Estate, Energy & Natural Resources (ENR) Adjusted EBITDA increased to $82 million in Q1 2025, compared to $76 million in Q4 2024[6] - Wood Products Adjusted EBITDA remained stable at $161 million in both Q4 2024 and Q1 2025[6] - Unallocated items resulted in a charge of $82 million to Adjusted EBITDA in Q1 2025, compared to a charge of $69 million in Q4 2024[6] Timberlands Key Drivers - Western Timberlands Adjusted EBITDA increased to $95 million in Q1 2025 from $53 million in Q4 2024, driven by higher domestic sales realizations and moderately higher fee harvest and domestic sales volumes[15, 17] - Southern Timberlands Adjusted EBITDA decreased slightly to $71 million in Q1 2025 from $74 million in Q4 2024, with comparable fee harvest volumes and sales realizations[15, 17] Financial Position - The company's ending cash balance decreased to $560 million in Q1 2025 from $684 million in Q4 2024[45] - Total debt increased to $5.167 billion in Q1 2025 from $5.076 billion in Q4 2024[45]

Core Insights - Weyerhaeuser reported $1.76 billion in revenue for Q1 2025, a year-over-year decline of 1.8%, with EPS of $0.11 compared to $0.16 a year ago, indicating a slight revenue surprise of +0.65% over estimates [1] - The stock has returned -14% over the past month, underperforming the Zacks S&P 500 composite's -5.1% change, and currently holds a Zacks Rank 3 (Hold) [3] Financial Performance - Delivered Logs Third Party Sales Realizations (per ton) in the West were $118.52, below the average estimate of $122.10 [4] - Wood Products revenue was $1.29 billion, slightly above the $1.28 billion estimate, but represented a -1.2% year-over-year change [4] - Real Estate & ENR revenue was $94 million, exceeding the $88.20 million estimate, but showing a -12.2% year-over-year decline [4] Segment Analysis - Structural lumber net sales in the Wood Products segment were $527 million, surpassing the $504.02 million estimate, reflecting a +13.6% year-over-year increase [4] - Oriented Strand Board net sales were $228 million, slightly below the $232.07 million estimate, indicating a -10.6% year-over-year decline [4] - Timberlands Segment reported $19 million in recreational and other lease revenue, close to the $19.91 million estimate, with no year-over-year change [4]

Company Performance - Weyerhaeuser reported quarterly earnings of $0.11 per share, matching the Zacks Consensus Estimate, but down from $0.16 per share a year ago [1] - The company posted revenues of $1.76 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.65%, but down from $1.8 billion year-over-year [2] - Weyerhaeuser has exceeded consensus EPS estimates two times over the last four quarters and topped consensus revenue estimates once [1][2] Market Comparison - Weyerhaeuser shares have declined approximately 10.1% since the beginning of the year, compared to a decline of 8.6% for the S&P 500 [3] Future Outlook - The company's earnings outlook will be influenced by management's commentary during the earnings call, and current consensus EPS estimate for the next quarter is $0.21 on revenues of $1.96 billion [4][7] - The Zacks Rank for Weyerhaeuser is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Building Products - Wood industry, to which Weyerhaeuser belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Core Viewpoint - Weyerhaeuser Company reported its first quarter 2025 financial results and will hold a conference call to discuss these results on April 25, 2025 [1][2]. Company Overview - Weyerhaeuser Company is one of the largest private owners of timberlands, controlling approximately 10.4 million acres in the U.S. and additional public timberlands in Canada [4]. - The company has been a leader in sustainability for over a century, managing all its timberlands sustainably in compliance with recognized forestry standards [4]. - In 2024, Weyerhaeuser generated $7.1 billion in net sales and employed around 9,400 people [4]. - The company operates as a real estate investment trust and its common stock trades on the New York Stock Exchange under the symbol WY [4].

Financial Performance - Net sales for Q1 2025 were $1,796 million, a 4.0% increase from Q1 2024's $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% increase from $294 million in Q4 2024[3] - Net earnings for Q1 2025 rose to $114 million, a significant increase of 37.3% compared to $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% from $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]

Core Insights - Weyerhaeuser Company (WY) is set to report its first-quarter 2025 results on April 24, with earnings expected to show a mixed performance due to various segment influences [1][2] Financial Performance - In the last reported quarter, Weyerhaeuser's earnings exceeded the Zacks Consensus Estimate by 57.1%, while net sales fell short by 2.1%. Adjusted earnings and net sales decreased by 31.3% and 3.7%, respectively [1] - The Zacks Consensus Estimate for the upcoming quarter's earnings per share (EPS) has decreased to 12 cents from 14 cents, indicating a 25% decline year-over-year. Revenue estimates are pegged at $1.76 billion, reflecting a 1.9% year-over-year decline [2] - The Wood Products segment is expected to see a revenue decline of 0.3% year-over-year but a sequential growth of 2.8% to $1.3 billion. Adjusted EBITDA is projected to decline by 31.1% year-over-year and 21.2% sequentially to $126.8 million [4] Segment Analysis - The Wood Products segment's EBITDA guidance was revised down by approximately $35 million compared to the fourth quarter of 2024, due to operational challenges and production disruptions [3] - The Timberlands segment is showing stronger-than-expected performance, with EBITDA guidance raised by $30 million quarter-over-quarter, driven by improved sales realizations. Expected EBITDA for this segment is approximately $156 million [5] - Timberlands net sales are anticipated to remain flat year-over-year but increase by 4.8% sequentially to $520.8 million, with adjusted EBITDA expected to grow by 8.1% year-over-year and 23.6% sequentially to $155.7 million [6] - The Real Estate, Energy and Natural Resources segment is expected to see net sales of $90.6 million, down 15.3% year-over-year but up 5.3% sequentially. Adjusted EBITDA is projected to decline by 18.9% year-over-year but increase by 0.3% sequentially to $76.2 million [7] Earnings Prediction - The current model does not predict an earnings beat for Weyerhaeuser, with an Earnings ESP of -18.31% and a Zacks Rank of 3 (Hold) [8][9]

Core Viewpoint - Weyerhaeuser (WY) is expected to report a quarterly earnings decline of 25% year-over-year, with earnings per share (EPS) projected at $0.12 and revenues estimated at $1.76 billion, reflecting a decrease of 1.9% compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised 3.8% lower in the last 30 days, indicating a reevaluation by analysts [1][2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [2] Revenue Projections - Analysts estimate 'Revenue- Wood Products' to be $1.29 billion, indicating a year-over-year decline of 0.9% [3] - 'Revenue- Real Estate & ENR' is projected at $88.20 million, suggesting a significant year-over-year decrease of 17.6% [4] Segment Performance - The 'Wood Products Segment- Structural lumber- Third party net sales' is expected to reach $508.94 million, reflecting a year-over-year increase of 9.7% [4] - 'Wood Products Segment- Oriented Strand Board (square feet 3/8')- Third party net sales' is forecasted at $235.78 million, indicating a decline of 7.5% year-over-year [5] Sales Realizations - 'Delivered Logs Third Party Sales Realizations (per ton) - West' is expected to be $120.89, slightly down from $121.06 year-over-year [5] - 'Wood Products - Medium Density Fiberboard (square feet 3/4') - Third party sales realizations' is projected at $1,170.68, down from $1,183 year-over-year [6] Sales Volumes - 'Delivered Logs Third Party Sales Volumes (tons) - West' is estimated at 1,469.10 KTon, up from 1,452 KTon in the same quarter last year [7] - 'Delivered Logs Third Party Sales Volumes (tons) - South' is projected at 4,091.78 KTon, slightly up from 4,089 KTon year-over-year [7] - 'Delivered Logs Third Party Sales Volumes (tons) - North' is expected to be 176.12 KTon, up from 175 KTon in the same quarter last year [8] Overall Market Performance - Over the past month, Weyerhaeuser shares have declined by 11.6%, compared to a 5.6% decline in the Zacks S&P 500 composite [10] - The company holds a Zacks Rank 3 (Hold), suggesting it will likely perform in line with the overall market in the near term [10]

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Core Points - Weyerhaeuser Company will release its first quarter 2025 results on April 24, 2025, after market close, followed by a live webcast and conference call on April 25, 2025, at 7 a.m. PT (10 a.m. ET) to discuss the results [1] - The earnings release, live webcast, and presentation can be accessed through the Investor Relations section of Weyerhaeuser's website [2] - For the conference call, North American participants can dial 877-407-0792, while international participants should call 201-689-8263, with replays available for two weeks [3] Company Overview - Weyerhaeuser Company is one of the largest private owners of timberlands, controlling approximately 10.4 million acres in the U.S. and additional public timberlands in Canada [4] - The company has been a leader in sustainability for over a century, managing its timberlands on a fully sustainable basis in compliance with recognized forestry standards [4] - In 2024, Weyerhaeuser generated $7.1 billion in net sales and employed around 9,400 people, operating as a real estate investment trust with its common stock traded on the NYSE under the symbol WY [4]