Weyerhaeuser(US:WY)2026-01-29 21:10Financial Performance - Net sales for Q4 2025 were $1,541 million, a decrease of 8.7% compared to Q4 2024's $1,708 million[1]. - Gross margin for Q4 2025 was $161 million, down from $304 million in Q4 2024, representing a decline of 47%[1]. - Operating income for Q4 2025 was $251 million, compared to $141 million in Q4 2024, an increase of 78.7%[1]. - Net earnings for Q4 2025 were $74 million, a decrease of 8.4% from $81 million in Q4 2024[1]. - Adjusted EBITDA for Q4 2025 was $140 million, down from $294 million in Q4 2024, a decline of 52.4%[3]. - Earnings per share (diluted) for Q4 2025 was $0.10, compared to $0.11 in Q4 2024, a decrease of 9.1%[2]. - Year-to-date net earnings for 2025 totaled $324 million, down from $396 million in 2024, a decrease of 18.2%[5]. - Total net sales for Q4 2025 reached $487 million, a slight increase from $497 million in Q4 2024, with year-to-date sales of $2,086 million compared to $2,066 million in 2024[11]. - Operating income for Q4 2025 was $316 million, significantly higher than $62 million in Q4 2024, contributing to a year-to-date operating income of $586 million compared to $279 million in 2024[11]. - Total net sales year-to-date for 2025 were $4,957 million, compared to $5,221 million in 2024[21]. Costs and Expenses - Total costs of sales for Q4 2025 were $1,380 million, compared to $1,404 million in Q4 2024, a slight decrease of 1.7%[1]. - The company reported a gain on the sale of timberlands of $(266) million in Q4 2025, impacting net earnings significantly[5]. - Cash flows from operations for the year-to-date 2025 totaled $562 million, a decrease from $1,008 million in 2024, with Q4 2025 showing a net cash outflow of $114 million[9]. - The company reported pension and post-employment costs of $239 million for the year-to-date 2025, up from $63 million in 2024, indicating increased liabilities in this area[9]. - The company reported a net charge to earnings of $(99) million in Q1.2025, compared to $(74) million in Q4.2024, indicating a worsening of 33.8%[27]. Assets and Liabilities - Total assets as of December 31, 2025, were $16,613 million, compared to $16,536 million at the end of 2024, indicating a stable asset base[8]. - Current liabilities increased to $1,278 million in Q4 2025 from $977 million in Q4 2024, reflecting a rise in short-term financial obligations[8]. - Cash and cash equivalents at the end of Q4 2025 were $481 million, down from $684 million at the end of 2024, highlighting a decrease in liquidity[9]. - The company reported a total increase in working capital of $66 million in Q4.2025, compared to a decrease of $35 million year-to-date in 2024[23]. Capital Expenditures and Investments - Capital expenditures for property and equipment in 2025 totaled $423 million, an increase from $364 million in 2024, indicating ongoing investment in infrastructure[9]. - The company plans to continue focusing on timberland acquisitions, with $469 million spent in Q4 2025, reflecting a strategic move to enhance its asset portfolio[9]. - Cash spent for capital expenditures in Q4.2025 was $110 million, with a total of $353 million for the year[23]. Sales and Production Volumes - Total delivered logs for Q4.2025 amounted to 336 thousand tons, up from 306 thousand tons in Q4.2024[15]. - Structural Lumber third-party net sales increased to $527 million in Q1.2025 from $420 million in Q4.2024, representing a 25.6% growth[24]. - Oriented Strand Board third-party net sales decreased to $228 million in Q1.2025 from $230 million in Q4.2024, a decline of 0.9%[24]. - Engineered Solid Section third-party net sales were $161 million in Q2.2025, up from $157 million in Q4.2024, indicating a 2.5% increase[24]. - Medium Density Fiberboard third-party net sales increased to $32 million in Q1.2025 from $28 million in Q4.2024, a rise of 14.3%[24]. - Total production volumes for Structural Lumber in YTD.2025 were 4,547 million board feet, up from 4,404 million board feet in YTD.2024, a growth of 3.2%[24]. Real Estate Performance - Real estate net sales in Q4.2025 were $73 million, an increase from $60 million in Q4.2024[20]. - The price per acre for real estate sold in Q4.2025 was $8,271, significantly higher than $2,806 in Q4.2024[20].