Timberlands segment net sales of $377M up from $364M in Q4, with contribution to pre-tax earnings of $164M up from $134M. The Q2 outlook is for comparable earnings as boosted Chinese export log sales will be more than offset by lower average prices.
Wood Products segment net sales of $898M fell from $926M in Q4, with contribution to pre-tax earnings of $64M up from $58M, "despite the effect of the severe winter weather." The Q2 outlook is for significantly higher earnings thanks to seasonally higher sales across all product lines and slightly higher prices for OSB and engineered wood products.
Cellulose Fibers segment net sales of $461M vs. $478M in Q4. Q2 outlook is for significantly higher earnings.
Real Estate net sales of $248M down from $488M due to seasonal issues.
Previously: Weyerhaeuser EPS beats, revenue misses