Weyerhaeuser Posted Robust Earnings in Q3 This Year

SEATTLE (Scrap Monster): Weyerhaeuser Company reported results for third quarter 2021.

The company reported net earnings of $482 million or 64 cents per diluted share in Q3 2021, compared with net earnings of $283 million or 38 cents per diluted share during the same quarter a year before. Year-on-year, the net sales climbed higher from $2.1 billion to $2.3 billion. The adjusted EBITDA for the quarter was $746 million. This compares with $745 million in the corresponding quarter in 2020.

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Weyerhaeuser expects Q4 earnings and adjusted EBITDA of Timberlands segment in fourth quarter to be comparable to Q3. It foresees moderately lower domestic sales realizations in the West, along with moderately higher fee harvest volumes and lower per unit log and haul costs. Meantime, it expects slightly higher fee harvest volumes as well as slightly higher sales realizations in the South, which will be offset by slightly higher per unit log and haul costs as well as moderately higher forestry and road costs.

Devin W. Stockfish, president and chief executive officer noted that the company delivered strong results across each of its businesses despite weather-related operational disruptions, continued supply chain challenges and the ongoing pandemic. Furthermore, he shared bullish outlook on the underlying demand fundamentals for U.S. housing and growth opportunities for its businesses.