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]

Environmental Impact and Sustainability - In 2023, the company's scope 1 carbon emissions were 0.4 million metric tons of CO2 equivalent, while scope 2 emissions were 0.5 million and 0.4 million metric tons, respectively[26]. - The company's scope 3 emissions totaled 9.3 million metric tons of CO2 equivalent, primarily from customers purchasing wood fiber and end-of-life emissions of sold products[27]. - Direct carbon removals in 2023 amounted to 9 million metric tons of CO2 equivalent, attributed to forest growth and management practices[28]. - The company has a target to reduce scope 1 and 2 emissions by 42% and scope 3 emissions by 25% per ton of production by 2030, based on a 2020 baseline[30]. - The company plants more than 100 million tree seedlings annually, averaging about 190 trees per minute throughout the year[22]. - The company operates 16 mitigation banks and projects primarily in the U.S. South, focusing on habitat preservation and enhancement[34]. - Approximately 99% of the company's wood residuals are utilized to create other products or generate energy, minimizing waste[36]. - The company is committed to improving energy efficiency at manufacturing facilities by 10% between 2020 and 2030 as part of the DOE's Better Plants Program[31]. - The company is advancing its participation in natural climate solutions, including carbon credits and carbon capture and storage initiatives[119]. Workforce and Employee Engagement - In 2024, the company employed 9,440 employees, with 7,206 in Wood Products, 1,315 in Timberlands, and 72 in Real Estate & ENR[39][41]. - The Recordable Incident Rate for the company decreased from 3.85 in 2000 to 1.99 in 2024, indicating improved safety performance[42]. - In 2024, employees logged over 65,000 hours of training in the online learning management system[44]. - 84% of employees agreed that their work environment is inclusive, based on feedback surveys conducted in 2024[48]. - The overall engagement favorability score from the 2024 employee engagement survey was 86%, with a response rate of 81%[50]. - Voluntary turnover decreased to 10% in 2024, down from 11% in 2023[50]. - The company invested in developing leadership, with over 350 leaders participating in signature development programs in 2024[47]. Financial Performance and Sales - Net sales to unaffiliated customers were $1.5 billion in 2024, down from $1.7 billion in 2023, representing a decrease of approximately 12.0%[107]. - Total net sales for Timberlands in 2024 were $2.066 billion, a decline of 7.2% compared to $2.226 billion in 2023[107]. - Log sales volumes to unaffiliated customers decreased to 22,855 thousand tons in 2024 from 24,061 thousand tons in 2023, a reduction of about 5.0%[111]. - Real Estate segment net sales increased to $280 million in 2024 from $237 million in 2023, marking an increase of approximately 18.1%[129]. - Average price per acre sold in Real Estate decreased to $2,682 in 2024 from $3,494 in 2023, a decline of about 23.2%[130]. - The Energy and Natural Resources segment generated $111 million in net sales in 2024, down from $126 million in 2023, a decrease of approximately 11.9%[129]. - Wood Products net sales decreased to $5.2 billion in 2024 from $5.7 billion in 2023, representing a decline of approximately 8.1%[139]. Timberland Management and Operations - The Timberlands segment manages 10.4 million acres of private commercial timberlands in the U.S.[66]. - The company has renewable, long-term licenses on 14.1 million acres of Canadian timberlands[66]. - The company aims to maximize returns from timberlands through delivered logs and stumpage sales[67]. - The total timber inventory as of December 31, 2024, is approximately 594 million tons, with 81% being Douglas-fir, 12% whitewood, and 7% hardwood[78]. - For the year ended December 31, 2024, the company harvested 34,356 thousand tons of timber, a slight decrease from 34,872 thousand tons in 2023[104]. - The average age of timber harvested from Western timberlands in 2024 was 47 years, with an average annual harvest and replanting rate of 2%[88]. - The company operates 10,439 thousand acres of timberlands across the U.S. and Canada, with 9,788 thousand acres in the U.S. and 14,107 thousand acres in Canada[80][102]. - The company manages its Canadian forestlands under long-term licenses, with an Annual Allowable Cut (AAC) regulated by provincial governments[101]. - The company follows sustainable forestry practices, ensuring that annual harvest schedules target financially mature timber and align with reforestation activities[103]. Market Conditions and Risks - Market demand for timber products is influenced by economic conditions, including housing starts and interest rates[187]. - The company's financial condition and operating results are significantly influenced by supply and demand for timber, which is affected by various factors including economic conditions, new construction activity, interest rates, and weather conditions[216]. - The U.S. housing market's health is critical for the company's business, with demand for new homes and remodeling being sensitive to employment levels, consumer confidence, and interest rates[196]. - The Federal Reserve's policy of incrementally raising interest rates since Q1 2022 has impacted homebuyers' ability to obtain affordable mortgages, which could negatively affect demand for housing and, consequently, the company's wood products[199]. - Catastrophic events such as severe weather, pest infestations, and health pandemics pose risks that could adversely affect the company's operations and financial results[198]. - The company faces risks related to the availability and cost of third-party logging and transportation services, which are critical for its operations[206]. - Changes in regulations regarding tax deductions for mortgage interest and real estate taxes could adversely impact future sales and earnings[202]. - The company's profitability is influenced by market dynamics, with commodity product pricing being largely determined by supply and demand, which can be volatile[204]. - An oversupply of logs and wood products in the market could lead to downward pressure on prices and margins for the company[205]. - The accuracy of timber inventory and growth estimates is crucial for forecasting anticipated harvests and revenues, with potential inaccuracies posing risks to financial performance[215]. - The company is subject to various risks including international trade restrictions, raw material availability, and competition from domestic and foreign producers, which could affect its business operations[192].

Financial Performance - Net sales for Q4 2024 were $1,708 million, a decrease of 3.7% compared to Q4 2023's $1,774 million[1] - The gross margin for Q4 2024 was $304 million, representing a 11.4% increase from Q4 2023's $342 million[1] - Operating income for Q4 2024 was $141 million, down 49.5% from $278 million in Q4 2023[1] - Net earnings for Q4 2024 were $81 million, a decline of 1.5% compared to $219 million in Q4 2023[1] - Adjusted EBITDA for Q4 2024 was $294 million, a decrease of 10.5% from $321 million in Q4 2023[3] - Earnings per share (diluted) for Q4 2024 were $0.11, down from $0.30 in Q4 2023[2] - The company reported a year-to-date net earnings of $396 million for 2024, compared to $839 million in 2023[1] - Adjusted EBITDA for the year 2024 was $539 million, down from $646 million in 2023, reflecting a decrease of about 17%[10] - The total net contribution to earnings for Q4.2024 was $106 million, compared to $119 million in Q4.2023, a decrease of approximately 11%[19] Assets and Liabilities - Total assets as of December 31, 2024, were $16,756 million, a slight decrease from $16,983 million in 2023[7] - Long-term debt as of December 31, 2024, was $4,861 million, slightly down from $5,069 million in 2023[7] - Total current liabilities increased to $944 million in Q4 2024 from $788 million in Q4 2023, an increase of about 20%[7] Cash Flow and Capital Expenditures - Net cash from operations for the year 2024 was $1,008 million, compared to $1,433 million in 2023, reflecting a decrease of approximately 30%[8] - The company incurred capital expenditures for property and equipment totaling $364 million in 2024, compared to $390 million in 2023[8] - Cash spent for capital expenditures in Q4.2024 was $117 million, compared to $155 million in Q4.2023, indicating a reduction of approximately 24%[21] - Cash spent for capital expenditures in Q1.2024 was $(6) million, compared to $(4) million in Q4.2023[26] Segment Performance - Total net sales for the Timberlands segment in Q4 2024 were $497 million, down from $534 million in Q4 2023, representing a decline of about 7%[9] - Operating income for the Timberlands segment in Q4 2024 was $62 million, compared to $186 million in Q4 2023, indicating a significant decrease of approximately 67%[9] - Production volumes for Structural Lumber in Q1.2024 were 1,085 million board feet, a slight increase from 1,091 million board feet in Q4.2023[22] - Third-party sales volumes for Medium Density Fiberboard in Q2.2024 were 36 million square feet, consistent with Q1.2024[22] Market and Pricing - The price per acre for real estate in Q4.2024 was $2,806, down from $4,202 in Q4.2023, reflecting a significant decrease of about 33%[17] - The basis as a percent of real estate net sales for Q4.2024 was 39%, compared to 45% in Q4.2023, indicating a decline of 6 percentage points[17] Other Financial Metrics - The company did not report any gains on the sale of timberlands in Q4 2024, contrasting with a loss of $84 million in Q4 2023[1] - Cash and cash equivalents at the end of Q4 2024 were $684 million, a decrease from $1,164 million at the end of Q4 2023[8] - The total decrease in working capital for YTD.2024 was $(35) million, compared to an increase of $26 million in YTD.2023[21] - The company recorded a foreign exchange loss of $(1) million in Q1.2024, while gaining $1 million in Q4.2023[24] - The company reported a net charge to earnings of $(67) million in Q1.2024, which is an increase from $(63) million in Q4.2023[24]

PART I FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) This section presents Weyerhaeuser Company's unaudited consolidated financial statements for the third quarter and year-to-date periods, highlighting a significant decrease in net earnings Consolidated Financial Highlights | Indicator | Q3 2024 ($M) | Q3 2023 ($M) | YTD 2024 ($M) | YTD 2023 ($M) | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $1,681 | $2,022 | $5,416 | $5,900 | | **Operating Income** | $78 | $353 | $544 | $908 | | **Net Earnings** | $28 | $239 | $315 | $620 | | **Diluted EPS** | $0.04 | $0.33 | $0.43 | $0.85 | Consolidated Balance Sheet Highlights | Account | Sept 30, 2024 ($M) | Dec 31, 2023 ($M) | | :--- | :--- | :--- | | **Total Current Assets** | $1,994 | $2,313 | | **Total Assets** | $16,668 | $16,983 | | **Total Current Liabilities** | $992 | $788 | | **Total Liabilities** | $6,741 | $6,747 | | **Total Equity** | $9,927 | $10,236 | Consolidated Cash Flow Highlights (Year-to-Date) | Cash Flow Activity (YTD) | 2024 ($M) | 2023 ($M) | | :--- | :--- | :--- | | **Net Cash from Operations** | $790 | $1,145 | | **Net Cash from Investing** | $(381) | $(982) | | **Net Cash from Financing** | $(674) | $(571) | | **Net Change in Cash** | $(265) | $(408) | - The company's business is organized into three segments: Timberlands (logs, timber), Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products (lumber, OSB, engineered wood products)[13](index=13&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=16&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS%20%28MD%26A%29) Management discusses financial results, highlighting a significant decline in net sales and earnings driven by lower sales realizations and volumes, covering economic conditions, segment performance, liquidity, and non-GAAP measures [Economic and Market Conditions](index=17&type=section&id=Economic%20and%20Market%20Conditions) The company's performance is heavily influenced by the U.S. housing and repair/remodel markets, which have moderated due to elevated mortgage rates, impacting lumber production - U.S. housing starts for Q3 2024 averaged **1.3 million units**, a **1.1% decrease** from Q2 2024, with single-family starts decreasing **4.1%** to **1.0 million units**[38](index=38&type=chunk) - The Random Lengths Framing Lumber Composite price averaged **$383/MBF** and the OSB Composite averaged **$346/MSF** in Q3 2024[38](index=38&type=chunk) - The company reduced its operating rates in Q3 2024, resulting in a **10.1% decrease** in lumber production from Q2 2024, which includes the indefinite curtailment of the New Bern, North Carolina lumber mill[38](index=38&type=chunk) [Consolidated Results](index=18&type=section&id=Consolidated%20Results) Consolidated net sales for Q3 2024 decreased 17% to $1.68 billion, and net earnings fell 88% to $28 million, primarily due to lower Wood Products sales and an impairment charge Consolidated Financial Performance | Indicator | Q3 2024 ($M) | Q3 2023 ($M) | Change ($M) | YTD 2024 ($M) | YTD 2023 ($M) | Change ($M) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $1,681 | $2,022 | $(341) | $5,416 | $5,900 | $(484) | | **Operating Income** | $78 | $353 | $(275) | $544 | $908 | $(364) | | **Net Earnings** | $28 | $239 | $(211) | $315 | $620 | $(305) | - Q3 2024 net sales decreased by **$341 million (17%)** year-over-year, mainly due to a **$302 million** drop in Wood Products sales from decreased prices and volumes[41](index=41&type=chunk) - Q3 2024 operating income fell by **$275 million (78%)** year-over-year, primarily due to a **$252 million** decrease in consolidated gross margin and a **$10 million** noncash impairment charge for the New Bern lumber mill[31](index=31&type=chunk)[42](index=42&type=chunk) [Segment Results](index=19&type=section&id=Segment%20Results) In Q3 2024, all segments saw declines in operating income, with Timberlands, Real Estate & ENR, and especially Wood Products experiencing significant drops due to lower volumes and sales realizations Segment Net Contribution to Earnings | Segment | Q3 2024 Net Contribution to Earnings ($M) | Q3 2023 Net Contribution to Earnings ($M) | Change ($M) | | :--- | :--- | :--- | :--- | | **Timberlands** | $57 | $78 | $(21) | | **Real Estate & ENR** | $51 | $56 | $(5) | | **Wood Products** | $27 | $277 | $(250) | - Timberlands Q3 2024 net sales to unaffiliated customers decreased by **$23 million (6%)** year-over-year, driven by lower sales volumes and realizations in Western and Southern logs[50](index=50&type=chunk) - Real Estate & ENR Q3 2024 net sales decreased by **$16 million (15%)** year-over-year, as acres sold fell from **25,721 to 17,441** and the average price per acre dropped from **$3,033 to $2,808**[56](index=56&type=chunk)[57](index=57&type=chunk) - Wood Products Q3 2024 net sales decreased by **$302 million (20%)** year-over-year, led by a **$119 million** drop in structural lumber sales and a **$78 million** drop in oriented strand board sales due to lower prices[58](index=58&type=chunk) [Liquidity and Capital Resources](index=25&type=section&id=Liquidity%20and%20Capital%20Resources) As of September 30, 2024, Weyerhaeuser maintained a strong liquidity position with $877 million in cash and full availability on its $1.5 billion credit facility, despite decreased cash from operations - The company has **$877 million** in cash and cash equivalents and **$1.5 billion** available on its line of credit as of September 30, 2024[69](index=69&type=chunk) - Year-to-date 2024 net cash from operations decreased by **$355 million** to **$790 million** compared to the prior year, mainly due to lower cash flows from business operations[70](index=70&type=chunk) - The company repurchased **3,962,220 common shares** for approximately **$125 million** year-to-date 2024, with **$127 million** remaining authorized for future repurchases as of September 30, 2024[19](index=19&type=chunk)[77](index=77&type=chunk) - Anticipated capital expenditures for the full year 2024 are approximately **$420 million**[71](index=71&type=chunk) [Performance and Liquidity Measures](index=27&type=section&id=PERFORMANCE%20AND%20LIQUIDITY%20MEASURES) This section details non-GAAP measures, with Adjusted EBITDA for Q3 2024 significantly decreasing to $236 million, primarily driven by the Wood Products segment, and Adjusted FAD also declining Adjusted EBITDA by Segment | Adjusted EBITDA by Segment | Q3 2024 ($M) | Q3 2023 ($M) | YTD 2024 ($M) | YTD 2023 ($M) | | :--- | :--- | :--- | :--- | :--- | | **Timberlands** | $122 | $143 | $413 | $503 | | **Real Estate & ENR** | $77 | $94 | $273 | $253 | | **Wood Products** | $91 | $328 | $500 | $746 | | **Total Adjusted EBITDA** | **$236** | **$509** | **$998** | **$1,373** | Adjusted Funds Available for Distribution (YTD) | Measure | YTD 2024 ($M) | YTD 2023 ($M) | | :--- | :--- | :--- | | **Net Cash from Operations** | $790 | $1,145 | | **Capital Expenditures** | $(267) | $(251) | | **Adjusted FAD** | $498 | $894 | - Net earnings per diluted share before special items was **$0.05** for Q3 2024, compared to reported diluted EPS of **$0.04**, with the adjustment relating to restructuring and impairment charges[86](index=86&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company discloses its exposure to market risk, primarily from changes in interest rates affecting its long-term debt, which had a carrying value of $5.116 billion as of September 30, 2024 Long-Term Debt Maturity | Debt Maturity | Principal Amount ($M) | | :--- | :--- | | **2025** | $210 | | **2026** | $1,022 | | **2027** | $300 | | **2028** | $250 | | **Thereafter** | $3,333 | | **Total** | $5,115 | - The total carrying value of long-term debt obligations as of September 30, 2024, was approximately **$5.1 billion**, with a fair value of approximately **$5.15 billion**[24](index=24&type=chunk)[87](index=87&type=chunk) [Controls and Procedures](index=31&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that the company's disclosure controls and procedures were effective as of September 30, 2024, following the implementation of a new ERP system - The company's principal executive officer and principal financial officer concluded that disclosure controls and procedures were effective as of September 30, 2024[89](index=89&type=chunk) - A new enterprise resource planning (ERP) system was implemented in Q3 2024, leading to modifications in internal controls over financial reporting[90](index=90&type=chunk) PART II OTHER INFORMATION [Legal Proceedings](index=31&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company is not currently a party to any legal proceeding that management believes could have a material adverse effect on its financial condition or results of operations - There are no legal proceedings that are expected to have a material adverse effect on the company's financial statements[26](index=26&type=chunk) [Risk Factors](index=32&type=section&id=ITEM%201A.%20RISK%20FACTORS) There have been no material changes to the risk factors previously disclosed in the company's 2023 Annual Report on Form 10-K - No material changes to risk factors were reported since the 2023 Annual Report on Form 10-K[92](index=92&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=32&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) During Q3 2024, the company repurchased 820,706 shares of common stock for approximately $26 million, with $127 million remaining authorized for future repurchases Common Stock Repurchases (Q3 2024) | Period | Total Shares Purchased | Average Price Paid ($) | | :--- | :--- | :--- | | **July 2024** | 293,051 | $29.33 | | **August 2024** | 279,733 | $30.72 | | **September 2024** | 247,922 | $32.12 | | **Q3 2024 Total** | **820,706** | **$30.64** | - As of September 30, 2024, the company had a remaining authorization of **$127 million** for future stock repurchases[92](index=92&type=chunk) [Other Information](index=32&type=section&id=ITEM%205.%20OTHER%20INFORMATION) During the third quarter of 2024, no director or officer adopted, modified, or terminated any Rule 10b5-1 trading plans or other non-Rule 10b5-1 trading arrangements - No directors or officers adopted, modified, or terminated Rule 10b5-1 trading plans during Q3 2024[92](index=92&type=chunk) [Exhibits](index=33&type=section&id=ITEM%206.%20EXHIBITS) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files

Weyerhaeuser Company (NYSE:WY) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Andy Taylor - Vice President of Investor Relations Devin W. Stockfish - President and Chief Executive Officer David M. Wold - Senior Vice President and Chief Financial Officer Conference Call Participants Susan Maklari - Goldman Sachs George Staphos - Bank of America Kurt Yinger - D.A. Davidson Anthony Pettinari - Citi Mark Weintraub - Seaport Research Partners Matthew McKellar - RBC Capital Mar ...

Weyerhaeuser Company Exhibit 99.2 Q3.2024 Analyst Package Preliminary results (unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------|---------------------|---------|-------|------------------------|-------|---------------|-------------------|--------------------------------|-------------------| | Consolidated Statement of Operations \nin millions | Q1 March \n2024 | 31, | | Q2 June 30, \n2024 | Sept | Q3 30, \n20 ...

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, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Address of principal executive offices) (Zip Code) (206) 539-3000 (Registrant's telephone number, including area code) 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 WEYERHAEU ...

Weyerhaeuser Company (NYSE:WY) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Andy Taylor - VP, IR Devin Stockfish - President and CEO David Wold - SVP and CFO Conference Call Participants Susan Maklari - Goldman Sachs George Staphos - Bank of America Merrill Lynch Amir Patel - CIBC Capital Markets Kurt Yinger - D.A. Davidson Mike Roxland - Truist Securities Ketan Mamtora - BMO Capital Markets Matthew McKellar - RBC Capital Markets Mark Weintraub - Seaport Research Partners ...

Weyerhaeuser Company Exhibit 99.2 | | Q1 | | Q2 | | | | Year-to-Date | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | March 31, | | June 30, | | June 30, | | June 30, | June 30, | | in millions | 2024 | | 2024 | | 2023 | | 2024 | 2023 | | Net sales | $ | 1,796 | $ | 1,939 | $ | 1,997 | $ 3,735 $ | 3,878 | | Costs of sales | | 1,441 | | 1,535 | | 1,528 | 2,976 | 3,040 | | Gross margin | | 355 | | 404 | | 469 | 759 | 838 | | Selling expenses | | 22 | | 22 | | 22 | 44 | 44 | | General and admini ...

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, 2024 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 ...