- Weyerhaeuser press release (NYSE:WY): Q4 Non-GAAP EPS of $0.16 beats by $0.02.
- Revenue of $1.77B (-2.7% Y/Y) misses by $30M.
- Achieved full year Adjusted EBITDA of $1.7 billion
- Returning $783 million in total cash back to shareholders based on 2023 results, including $125 million of share repurchase completed in 2023
- Monetized company's first forest carbon credits
- Enhanced company's Southern Timberlands portfolio with the completion of strategic transactions in the fourth quarter.
- Q1 2024 Outlook – Weyerhaeuser anticipates first quarter earnings before special items and Adjusted EBITDA will be comparable to the fourth quarter. In the West, the company expects moderately higher fee harvest volumes and significantly lower per unit log and haul costs. Sales realizations are expected to be slightly lower due to mix. In the South, the company expects moderately lower fee harvest volumes and comparable sales realizations and per unit log and haul costs. Forestry and road costs in the West and South are expected to be seasonally lower.
- Q1 2024 Outlook – Weyerhaeuser anticipates first quarter earnings will be comparable to the fourth quarter and Adjusted EBITDA will be approximately $15 million higher than the fourth quarter due to the timing and mix of real estate sales. The company anticipates full year 2024 Adjusted EBITDA for the segment will be approximately $320 million.
- Shares +0.48%.