Did Weyerhaeuser beat or miss consensus estimates last quarter?

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What is Weyerhaeuser's latest dividend and current dividend yield?

What were the key takeaways from Weyerhaeuser's earnings call?

What does Weyerhaeuser do and what are its main business segments?

What is the revenue and EPS growth rate for Weyerhaeuser year over year?

What factors drove the changes in Weyerhaeuser's revenue and profit?

What were the key takeaways from Weyerhaeuser’s earnings call?

- **Timberland Optimization**: Completed $869M in transactions, creating $50M+ annual value.
- **Lumber Resilience**: 10% production cut Q/Q, maintaining 1st quartile cost position.
- **NCS Momentum**: On track for $100M EBITDA, with 4 projects approved.
- **Financial Strength**: $400M cash, $5.5B debt, net debt/EBITDA 4.3x (mid-cycle target).
- **Market Outlook**: Housing starts at 1.3M annualized, with spring 2026 recovery potential.


**【CEO Summary Section】**
- Reported third-quarter GAAP earnings of $80 million ($0.11 per diluted share) and adjusted EBITDA of $217 million. 
- Completed $459 million in timberland acquisitions and $410 million in divestitures, improving portfolio quality.
- Sold Princeton mill for $85 million, reducing Canadian exposure while maintaining Alberta operations.
- Timberlands EBITDA: $148 million (West) and $74 million (South), down $4M and up $5M Q/Q due to market dynamics.
- Wood Products segment loss of $48M due to record-low lumber and OSB prices.
- Natural Climate Solutions (NCS) on track for $100M EBITDA by year-end, with 4 projects approved and 5 in development.
- Housing market challenges (1.3M annualized starts) expected to ease as macro conditions improve.

**【CFO Financial Commentary】**
- Generated $210M cash from operations, ending with $400M cash and $5.5B debt.
- Capital expenditures: $125M (including $32M for Monticello EWP facility).
- Updated 2025 Real Estate segment EBITDA guidance to $390M (up $40M) due to strong HBU sales.
- Fourth-quarter outlook: Timberlands EBITDA down $30M, Wood Products EBITDA slightly lower, NCS stable.
- Maintaining investment-grade credit rating with net debt/EBITDA at 4.3x (mid-cycle target).

**【Q&A Highlights】**
- **Lumber Strategy**: Reduced production 10% Q/Q, maintaining cost leadership on 1st quartile curve. Expect capacity adjustments as market normalizes.
- **Timberland Transactions**: Achieved $50M annual EBITDA from M&A since 2021. Buy/sell multiples 21x/45x, creating $50M+ annual value.
- **NCS Growth**: 4 projects approved, 5 in pipeline, targeting $100M+ EBITDA by year-end.
- **Japan Market**: Log exports down Q/Q but pricing favorable; expect normalization as European lumber loses competitiveness.
- **India Expansion**: Exploring Southern pine exports as China market remains closed.
- **Leverage Management**: Flexible capital allocation to balance dividends, growth, and debt reduction.


Weyerhaeuser Company (WY) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

WY

WY fundamentals

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