Weyerhaeuser reports positive third quarter results

By Weyerhaeuser Company
Cision Newswire
October 27, 2022
Category: Finance & Economics
Region: Canada, United States

SEATTLE, Washington — Weyerhaeuser reported third quarter net earnings of $310 million, or 42 cents per diluted share, on net sales of $2.3 billion. This compares with net earnings of $482 million, or 64 cents per diluted share, on net sales of $2.3 billion for the same period last year and net earnings of $788 millionfor the second quarter of 2022. There were no special items in third quarter or second quarter 2022. Net earnings before special items was $450 million for the same period last year. Adjusted EBITDA for the third quarter of 2022 was $583 million compared with $746 million for the same period last year and $1.2 billion for the second quarter of 2022. CEO Devin W. Stockfish, “Although near-term market conditions have moderated, we maintain a constructive longer-term outlook for the demand fundamentals that support our businesses.”

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