NYSE$WY
Weyerhaeuser Co · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Weyerhaeuser reported second quarter results with solid performance across all businesses and strategic timberlands acquisition in Mississippi.
Weyerhaeuser reported second quarter net earnings of $230 million, or $0.31 per diluted share, on net sales of $2.0 billion. The company's Adjusted EBITDA for the second quarter was $469 million. In July, Weyerhaeuser acquired 22 thousand acres of timberlands in Mississippi for approximately $60 million.
- Net earnings of $230 million, or $0.31 per diluted share, were achieved, and net earnings before special items were $238 million, or $0.32 per diluted share.
- Adjusted EBITDA of $469 million was generated, a 19 percent increase compared with first quarter 2023.
- A strategic timberlands acquisition in Mississippi was completed in July 2023.
- The company is encouraged by recent improvements in the housing market and maintains a favorable longer-term outlook for demand fundamentals.
Headline financials
Revenue & EPS history
Weyerhaeuser · Revenue · Quarterly
$2B
Revenue by segment
Weyerhaeuser · $2.15B total across 3 segments · Q2 2023
- Wood Products$1.5B-35.9%69.9%
- Timberlands$567M-15.5%26.4%
- Real Estate, Energy & Natural Resources$80M-31.6%3.7%
Forward guidance
Weyerhaeuser anticipates third quarter earnings and Adjusted EBITDA will be significantly higher than the second quarter due to higher average sales realizations for lumber and oriented strand board. Excluding the effect of those items, the company expects third quarter financial results will be slightly lower than the second quarter.
Tailwinds
- The company expects moderately higher sales volumes for lumber.
- The company expects moderately lower log costs for lumber.
- The company expects slightly lower unit manufacturing costs for lumber.
- The company anticipates comparable sales volumes and fiber costs for oriented strand board.
- The company expects slightly higher sales volumes for engineered wood products.
Headwinds
- Weyerhaeuser anticipates third quarter earnings and Adjusted EBITDA will be approximately $25 million lower than the second quarter for Timberlands.
- In the West, the company expects fee harvest volumes and sales realizations to be moderately lower for Timberlands.
- In the South, sales realizations are expected to be slightly lower for Timberlands.
- The company expects forestry and road costs in the West and South to be seasonally higher for Timberlands.
- The company anticipates comparable sales volumes and fiber costs and slightly higher unit manufacturing costs for oriented strand board.
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 2023
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro