NYSE$WY
Weyerhaeuser Co · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Weyerhaeuser reported strong results across each of its businesses despite various challenges.
Weyerhaeuser reported third quarter net earnings of $482 million, or 64 cents per diluted share, on net sales of $2.3 billion. Adjusted EBITDA for the third quarter of 2021 was $746 million.
- Achieved net earnings of $482 million, or $0.64 per diluted share
- Generated $746 million of Adjusted EBITDA
- Year to date, generated more than $3.4 billion of Adjusted EBITDA and $2.4 billion of Adjusted Funds Available for Distribution
- Expect record cash flow generation to result in a significant supplemental dividend payment to shareholders in the first quarter of 2022
Headline financials
Revenue & EPS history
Weyerhaeuser · Revenue · Quarterly
$2.35B
Revenue by segment
Weyerhaeuser · $2.47B total across 3 segments · Q3 2021
- Wood Products$1.85B+9.3%74.9%
- Timberlands$552M+22.1%22.3%
- Real Estate, Energy & Natural Resources$69M+0.0%2.8%
Forward guidance
Weyerhaeuser anticipates fourth quarter earnings and Adjusted EBITDA will be higher than the third quarter, excluding the effect of changes in average sales realizations for lumber and oriented strand board.
Tailwinds
- In the West, the company expects moderately higher fee harvest volumes and lower per unit log and haul costs, as salvage-related harvest will decrease.
- In the South, the company expects slightly higher fee harvest volumes due to improving weather conditions as well as slightly higher sales realizations as mills rebuild from lower than normal inventory levels.
- The company expects higher sales volumes, primarily for oriented strand board, as well as improved manufacturing costs due to lower planned maintenance downtime.
- Raw material costs are expected to be lower, primarily for oriented strand board webstock.
- Domestic sales realizations are expected to be moderately lower compared to the third quarter.
Headwinds
- In the West, domestic sales realizations are expected to be moderately lower compared to the third quarter.
- In the South, the company expects slightly higher per unit log and haul costs as well as moderately higher forestry and road costs.
- Weyerhaeuser anticipates fourth quarter earnings and Adjusted EBITDA will be significantly lower than the third quarter due to the timing of transactions for Real Estate, Energy & Natural Resources.
- The company still expects full year 2021 Adjusted EBITDA will be approximately $290 million, although basis as a percentage of real estate sales is now expected to be 25 to 30 percent for the full year.
- Sales realizations for lumber and oriented strand board decreased 52 percent and 24 percent, respectively, compared with second quarter averages.
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 Q3 2021
-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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