{"id":87528,"date":"2024-05-01T05:13:05","date_gmt":"2024-05-01T05:13:05","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/weyerhaeuser-expects-higher-sales-for-lumber-for-q2-2024\/"},"modified":"2025-09-19T09:01:57","modified_gmt":"2025-09-19T09:01:57","slug":"weyerhaeuser-expects-higher-sales-for-lumber-for-q2-2024","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/weyerhaeuser-expects-higher-sales-for-lumber-for-q2-2024\/","title":{"rendered":"Weyerhaeuser expects higher sales for lumber for Q2\/2024"},"content":{"rendered":"

Weyerhaeuser\u00a0reported first quarter net earnings of\u00a0$114 million, or 16 cents\u00a0per diluted share, on net sales of\u00a0$1.8 billion<\/span>. <\/span>This compares with net earnings of\u00a0$151 million<\/span>, or 21 cents\u00a0per diluted share, on net sales of\u00a0$1.9 billion<\/span>\u00a0for the same period last year and net earnings of\u00a0$219 million<\/span>\u00a0for fourth quarter 2023. Net earnings before special items was\u00a0$121 million<\/span>\u00a0for fourth quarter 2023. Adjusted EBITDA for first quarter 2024 was\u00a0$352 million<\/span>, compared with\u00a0$395 million<\/span>\u00a0for the same period last year and\u00a0$321 million<\/span>\u00a0for fourth quarter 2023.<\/p>\n

Wood products segment<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n
\n

FINANCIAL HIGHLIGHTS<\/strong><\/span><\/p>\n<\/td>\n

<\/td>\n\n

2023<\/strong><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

2024<\/strong><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

(millions)<\/strong><\/span><\/p>\n<\/td>\n

<\/td>\n\n

Q4<\/strong><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

Q1<\/strong><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

Change<\/strong><\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Net sales<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

1,302<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

1,302<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

\u2014<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Net contribution to pretax earnings<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

119<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

128<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

9<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Pretax benefit for special items<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

(14)<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

\u2014<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

14<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Net contribution to pretax earnings before special items<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

105<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

128<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

23<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Adjusted EBITDA<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

159<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

184<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n

\n

25<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Q1 2024 Performance \u2013\u00a0<\/strong>Weyerhaeuser's\u00a0sales realizations for both lumber and oriented strand board increased four percent compared with fourth quarter averages. Sales volumes for lumber were slightly lower, partially driven by winter weather disruptions early in the quarter. Unit manufacturing costs for lumber were slightly higher and log costs were slightly lower. For oriented strand board, sales volumes and fiber costs were slightly higher, while unit manufacturing costs were slightly lower. Sales realizations were lower for most engineered wood products, while raw material costs were moderately higher. Unit manufacturing costs were slightly higher, and sales volumes were comparable for solid section and lower for I-joist products. Distribution results were higher due to improved commodity realizations and margins.<\/p>\n

Q2 2024 Outlook \u2013<\/strong>\u00a0Weyerhaeuser anticipates second quarter earnings and Adjusted EBITDA will be slightly higher than the first quarter, excluding the effect of changes in average sales realizations for lumber and oriented strand board. For lumber, the company expects higher sales volumes, slightly lower log costs, and moderately lower unit manufacturing costs. For oriented strand board, the company anticipates moderately higher sales volumes, slightly higher fiber costs, and comparable unit manufacturing costs. For engineered wood products, the company expects sales volumes to be higher, sales realizations to be comparable, and raw material costs to be higher, primarily for oriented strand board webstock. For distribution, the company anticipates higher results compared to the first quarter.<\/p>","protected":false},"excerpt":{"rendered":"

Weyerhaeuser\u00a0reported first quarter net earnings of\u00a0$114 million, or 16 cents\u00a0per diluted share, on net sales of\u00a0$1.8 billion. This compares with net earnings of\u00a0$151 million, or 21 cents\u00a0per diluted share, on net sales of\u00a0$1.9 billion\u00a0for the same period last year and … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":50626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-87528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nWeyerhaeuser expects higher sales for lumber for Q2\/2024 - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/weyerhaeuser-expects-higher-sales-for-lumber-for-q2-2024\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weyerhaeuser expects higher sales for lumber for Q2\/2024 - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Weyerhaeuser\u00a0reported first quarter net earnings of\u00a0$114 million, or 16 cents\u00a0per diluted share, on net sales of\u00a0$1.8 billion. 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