NYSE$WY
Weyerhaeuser Co · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported strong second-quarter results with solid performance across all business segments.
Weyerhaeuser reported second quarter net earnings of $788 million, or $1.06 per diluted share, on net sales of $3.0 billion. The company's financial position remains exceptionally strong, and they are committed to delivering operational excellence and enhancing shareholder value.
- Achieved net earnings of $788 million, or $1.06 per diluted share
- Generated record first half Adjusted EBITDA of $2.7 billion
- Enhanced portfolio with strategic timberlands acquisition in North and South Carolina
- Teams delivered strong results across each of our businesses
Headline financials
Revenue & EPS history
Weyerhaeuser · Revenue · Quarterly
$2.97B
Revenue by segment
Weyerhaeuser · $3.13B total across 3 segments · Q2 2022
- Wood Products$2.34B-11.0%74.8%
- Timberlands$671M+24.0%21.4%
- Real Estate, Energy & Natural Resources$117M+6.4%3.7%
Forward guidance
Weyerhaeuser anticipates third quarter earnings before special items and Adjusted EBITDA will be lower than second quarter 2022, but moderately higher than third quarter 2021.
Tailwinds
- In the South, the company expects sales realizations and per unit log and haul costs to be comparable and fee harvest volumes to be moderately higher.
- Raw material costs for engineered wood products are expected to be significantly lower, primarily for oriented strand board webstock.
- The company expects comparable sales volumes and unit manufacturing costs for lumber, as well as moderately lower log costs.
- The company expects slightly lower sales volumes, comparable fiber costs
- The company now expects full year 2022 Adjusted EBITDA for the segment will be approximately $325 million
Headwinds
- Weyerhaeuser anticipates third quarter earnings before special items and Adjusted EBITDA will be lower than second quarter 2022
- In the West, the company expects comparable fee harvest volumes and significantly lower sales volumes due to export.
- Sales realizations are expected to be moderately lower
- Forestry and road costs in the West and South are expected to be seasonally higher.
- For oriented strand board, the company expects significantly higher unit manufacturing costs due to planned maintenance outages.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-1.0%
Avg return
Earnings day
-0.9%
Avg return
5 days after
-1.4%
Avg return
30 days after
39%
27 / 69 earnings
Positive
+6.7%
Q4 2021
Best reaction
-18.7%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | -2.0% | +0.1% | |
| Q4 2025 | -0.3% | +3.0% | -5.4% | |
| Q3 2025 | -4.2% | -4.4% | -5.5% | |
| Q2 2025 | -1.7% | -1.1% | -5.3% | |
| Q1 2025 | -2.7% | +1.6% | -1.1% | |
| Q4 2024 | -1.1% | -2.0% | -2.8% | |
| Q3 2024 | -0.2% | -3.0% | -1.9% | |
| Q2 2024 | +5.8% | +6.3% | +5.0% | |
| Q1 2024 | -1.6% | -4.3% | -4.2% | |
| Q4 2023 | -0.1% | -0.1% | +0.8% | |
| Q3 2023 | +0.0% | +0.3% | +11.6% | |
| Q2 2023 | -2.1% | -1.2% | -5.1% | |
| Q1 2023 | +2.5% | -0.4% | -3.2% | |
| Q4 2022 | +4.8% | +5.1% | -5.7% | |
| Q3 2022 | +0.5% | -1.8% | +4.4% | |
| Q2 2022 | +1.5% | -2.3% | -2.7% | |
| Q1 2022 | -4.4% | +0.8% | -3.7% | |
| Q4 2021 | +6.7% | +9.4% | +3.5% | |
| Q3 2021 | +1.6% | +5.1% | +5.5% | |
| Q2 2021 | -1.8% | -2.3% | +3.2% | |
| Q1 2021 | -0.7% | -2.7% | -4.2% | |
| Q4 2020 | -3.0% | +2.9% | +2.6% | |
| Q3 2020 | -1.0% | +0.2% | +1.1% | |
| Q2 2020 | -1.4% | -0.2% | +8.8% | |
| Q1 2020 | -18.7% | -16.6% | -7.7% | |
| Q4 2019 | -6.2% | -3.8% | -13.6% | |
| Q3 2019 | +0.8% | +3.1% | -0.5% | |
| Q2 2019 | +3.1% | +1.4% | +0.2% | |
| Q1 2019 | +0.8% | +1.4% | -12.4% | |
| Q4 2018 | -0.3% | +0.1% | -4.7% | |
| Q3 2018 | -8.7% | -8.0% | -9.1% | |
| Q2 2018 | -2.3% | -2.4% | -0.1% | |
| Q1 2018 | +0.4% | -0.3% | +0.8% | |
| Q4 2017 | -6.4% | -7.1% | -6.8% | |
| Q3 2017 | +2.1% | +2.7% | +3.7% | |
| Q2 2017 | -3.5% | -5.4% | -7.4% | |
| Q1 2017 | -3.1% | -4.1% | -4.8% | |
| Q4 2016 | -0.1% | +3.1% | +8.6% | |
| Q3 2016 | -1.7% | -5.4% | +5.1% | |
| Q2 2016 | -0.9% | +0.2% | -2.5% | |
| Q1 2016 | -1.9% | — | — | |
| Q4 2015 | -9.1% | — | — | |
| Q3 2015 | +5.4% | — | — | |
| Q2 2015 | +1.2% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | -0.5% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | +0.9% | — | — | |
| Q1 2014 | +3.7% | — | — | |
| Q4 2013 | -4.5% | — | — | |
| Q3 2013 | +3.4% | — | — | |
| Q2 2013 | -3.9% | — | — | |
| Q1 2013 | -3.0% | — | — | |
| Q4 2011 | -2.8% | — | — | |
| Q4 2012 | -4.6% | — | — | |
| Q3 2012 | +1.4% | — | — | |
| Q2 2012 | +2.6% | — | — | |
| Q1 2012 | -2.5% | — | — | |
| Q3 2011 | -1.8% | — | — | |
| Q2 2011 | -8.4% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2010 | +1.9% | — | — | |
| Q3 2010 | +4.7% | — | — | |
| Q2 2010 | -1.3% | — | — | |
| Q4 2009 | -1.3% | — | — | |
| Q1 2009 | +4.4% | — | — | |
| Q1 2010 | +0.8% | — | — | |
| Q4 2008 | -7.1% | — | — | |
| Q2 2009 | -7.1% | — | — |
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