The company said net earnings for Q2 were $173 million (24 cents per diluted share) on net sales of $1.9 billion. Net earnings before special items were $154 million (21 cents per diluted share), compared with $230 million in the same period last year.

1. 01

   The company said net earnings for Q2 were $173 million (24 cents per diluted share) on net sales of $1.9 billion. Net earnings before special items were $154 million (21 cents per diluted share), compared with $230 million in the same period last year.

2. 02

   Weyerhaeuser said Adjusted EBITDA for Q2 was $410 million, compared with $352 million in the previous quarter and $469 million in the same period last year. Chief Executive Devin W. Stockfish said Adjusted EBITDA improved across each of the company's business segments compared with the prior quarter.

3. 03

   The company said Wood Products pretax special items for Q2 included a $25 million product remediation recovery. Excluding this item, the segment's pretax contribution was $171 million, and its Adjusted EBITDA was $225 million.

4. 04

   The company announced it will acquire 84,300 acres of Alabama timberlands for $244 million. The first transaction closed in Q2 for $48 million. The company said the remaining transactions are under contract and are expected to close in the second half of 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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