Weyerhaeuser Reports Positive Q4 2022 and Full Year Results

January 27, 2023
Category: Finance & Economics

SEATTLE — Weyerhaeuser Company reported fourth quarter net earnings of $11 million on net sales of $1.8 billion. This compares with net earnings of $416 million on net sales of $2.2 billion for the same period last year and net earnings of $310 million for the third quarter of 2022. Excluding a total after-tax charge of $160 million for special items, the company reported fourth quarter net earnings of $171 million. This compares with net earnings before special items of $367 million for the same period last year. For the full year 2022, Weyerhaeuser reported net earnings of $1.9 billion on net sales of $10.2 billion. This afternoon, the company declared a $0.90 per share supplemental dividend. On a combined basis, including dividends and share repurchase, the company is returning $1.75 billion of cash to shareholders based on 2022 results.

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