- Q1 earnings from continuing operations before special items of $99M or $0.19 per share vs. $143M and $0.24 one year ago. Float of 527M shares falls from 589M.
- $250M of shares repurchased during quarter; 65% of authorization is complete.
- Timberlands pretax earnings of $162M vs. $143M a year ago, on sales of $351M vs. $359M. Lower earnings are expected in Q2 thanks to a decrease in realizations for Western logs and lower earnings from the sale of nonstrategic properties.
- Wood Products pretax earnings of $62M vs. $56M a year ago, on sales of $923M vs. $947M. Company expects significantly higher earnings in Q2, thanks to seasonally higher sales and realizations.
- Cellulose Fibers pretax earnings of $33M vs. $87M a year ago, on sales of $447M vs. $482M. Lower earnings are expected in Q2 thanks to lower average pulp sales realizations and higher costs.
-
Earnings call at 10 ET
- Previously: Weyerhaeuser misses by $0.06, misses on revenue (May 1)
-
WY flat premarket