Weyerhaeuser Declared Record Results in 2021

SEATTLE (Scrap Monster): Weyerhaeuser Company reported results for fourth quarter and full-year 2021.

The company’s Q4 net earnings totalled $416 million or 55 cents per share. This compares with the net earnings of $292 million, or 39 cents per diluted share for the same period last year and net earnings of $482 million for the third quarter of 2021. The net sales for the quarter stood at $2.2 billion. The adjusted EBITDA for the quarter was $674 million, compared with $657 million for the same period last year and $746 million for the third quarter of 2021.

For the full year 2021, Weyerhaeuser reported record net earnings of $2.6 billion, or $3.47 per diluted share. This compares with net earnings of $797 million in 2020. Meantime, adjusted EBITDA for the full year 2021 hit new record of $4.1 billion, nearly double of $2.2 billion reported in 2020. The annual net sales of the company totalled $7.5 billion.

Devin W. Stockfish, president and chief executive officer commented that the full year 2021 financial performance was the strongest on record. Each of the businesses delivered exceptional results despite ongoing operational market challenges. The strong demand fundamentals are expected to drive growth for its businesses in 2022 as well, he added.

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