Weyerhaeuser Company Reported Net Loss in Final Quarter 2019

SEATTLE (Scrap Monster): Weyerhaeuser Company Q4 earnings missed estimates, whereas sales were able to beat estimates.

The company reported net loss of $14 million or two cents per diluted share on net sales of $1.5 billion. This compares with the net loss of $93 million or 12 cents per diluted share on net sales of $1.6 billion during the corresponding quarter a year before. The adjusted EBITDA for Q4 ’19 was $260 million, as compared with $346 million in Q4 2018.

For the full year 2019, the company reported net loss of $76 million or 10 cents per diluted share on net sales of $6.6 billion. This is when matched with the 2018 net earnings of $748 million on net sales of $7.5 billion.

Commenting on the results, Devin W. Stockfish, president and chief executive officer noted that the company was able to deliver strong execution across all businesses despite several headwinds including sluggish housing market, global trade uncertainties and challenging commodity prices. The company achieved record low cost performance in lumber and oriented strand board, as a result of its continued focus on operational excellence, he added.

For Q1 2020, the company expects sequentially higher earnings and adjusted EBITDA in the Timberland and Wood Products segment. The company anticipated significantly higher earnings and adjusted earnings in the Real Estate, Energy and Natural Resources segment, compared to Q4 ’19 levels.

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