NYSE$WY

Weyerhaeuser Co · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Weyerhaeuser reported a net loss for the fourth quarter of 2019, but highlighted strong execution and operational excellence amid market headwinds.

Weyerhaeuser Company reported a net loss of $14 million, or two cents per diluted share, on net sales of $1.5 billion for the fourth quarter of 2019. Excluding special items, the company reported net earnings of $23 million, or three cents per diluted share. The company's 2019 performance was impacted by a sluggish housing market, global trade uncertainty, and challenged commodity prices.

  • Net sales for Q4 2019 were $1.5 billion, compared to $1.6 billion for the same period last year.
  • The company reported a net loss of $14 million, or two cents per diluted share, for Q4 2019.
  • Adjusted EBITDA for the fourth quarter of 2019 was $260 million, compared to $346 million for the same period last year.
  • Weyerhaeuser expects modest growth will drive improvement across its markets as the year progresses.

Headline financials

Total Revenue

$1.55B

Previous: $1.64B-5.4%
EPS (adj)

$0.03

Previous: $0.10-70.0%
Net Income

-$14M

Previous: -$93M+84.9%
Operating Income

$89M

Previous: $177M-49.7%
Gross Profit

$247M

Previous: $291M-15.1%
Stock-Based Comp

$7M

Previous: $11M-36.4%

Revenue & EPS history

Weyerhaeuser · Revenue · Quarterly

$1.55B

Q4 2019-5.4%vs Q4 2018
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Weyerhaeuser · $2.16B total across 3 segments · Q3 2023

  • Wood Products
    $1.54B-13.0%
  • Timberlands
    $521M-9.2%
  • Real Estate, Energy & Natural Resources
    $105M+54.4%

Forward guidance

Weyerhaeuser expects first quarter earnings and Adjusted EBITDA will be slightly higher than the fourth quarter.

Tailwinds

  • Higher domestic and export log sales volumes are anticipated in the West.
  • Modestly higher average domestic log sales realizations are expected in the West.
  • Lower road spending is anticipated in the West.
  • Seasonally improved operating rates for engineered wood products are expected.
  • Slightly higher sales volumes for lumber and oriented strand board are anticipated.

Headwinds

  • Seasonally lower fee harvest volumes are expected in the South.
  • Average log sales realizations comparable with the fourth quarter average are expected in the South.
  • No specific negative factors were explicitly mentioned for the company as a whole.
  • No specific negative factors were explicitly mentioned for the company as a whole.
  • No specific negative factors were explicitly mentioned for the company as a whole.

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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