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• Revenue: $1.8 billion in net sales for Q1 2025.

• GAAP Earnings: $83 million or $0.11 per diluted share.

• Adjusted EBITDA: $328 million, a 12% increase over Q4 2024.

• Timberlands Earnings Contribution: $102 million with Adjusted EBITDA of $167 million.

• Real Estate, Energy, and Natural Resources Earnings Contribution: $56 million with Adjusted EBITDA of $82 million.

• Wood Products Earnings Contribution: $106 million with Adjusted EBITDA of $161 million.

• Cash and Debt: $560 million in cash and total debt of just under $5.2 billion.

• Share Repurchase: $25 million repurchased in Q1 2025.

• Dividend: $152 million returned to shareholders; quarterly base dividend increased by 5% to $0.21 per share.

• Capital Expenditures: $93 million, including $16 million for EWP facility construction in Arkansas.

• Cash from Operations: $70 million generated in Q1 2025.

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Release Date: April 25, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Weyerhaeuser Co (NYSE:WY) reported a 12% increase in adjusted EBITDA to $328 million compared to the fourth quarter of 2024.

• The Timberlands segment saw a $41 million increase in adjusted EBITDA, driven by stronger domestic sales realizations in the West.

• The company achieved a significant milestone in its carbon capture and sequestration (CCS) project with Occidental Petroleum, indicating progress in its Natural Climate Solutions business.

• Weyerhaeuser Co (NYSE:WY) increased its quarterly base dividend by 5% for the fourth consecutive year, demonstrating a commitment to returning value to shareholders.

• The company maintained a strong balance sheet with $560 million in cash and a strategic approach to capital allocation, including share repurchases and dividend payments.

Negative Points

• The Southern Timberlands segment experienced a $3 million decrease in adjusted EBITDA due to stable log markets and muted sawlog demand.

• The OSB segment saw a $4 million decrease in adjusted EBITDA, affected by elevated channel inventories and slower building activity.

• Engineered Wood Products faced a $16 million decrease in adjusted EBITDA, impacted by a multi-week outage at the MDF facility due to a fire event.

• The company anticipates a $15 million decrease in second-quarter earnings and adjusted EBITDA for the Timberlands business due to seasonal cost increases.

• Weyerhaeuser Co (NYSE:WY) faced challenges in the housing market with a softer-than-expected start to the spring building season and cautious homebuilder sentiment.