Q1 2025 Weyerhaeuser Co Earnings Call Transcript
Key Points
- Weyerhaeuser Co (WY) reported a 12% increase in adjusted EBITDA to $328 million compared to the fourth quarter of 2024.
- The Timberlands segment saw a $41 million increase in adjusted EBITDA, driven by stronger domestic sales realizations in the West.
- The company achieved a significant milestone in its carbon capture and sequestration (CCS) project with Occidental Petroleum, indicating progress in its Natural Climate Solutions business.
- Weyerhaeuser Co (WY) increased its quarterly base dividend by 5% for the fourth consecutive year, demonstrating a commitment to returning value to shareholders.
- The company maintained a strong balance sheet with $560 million in cash and a strategic approach to capital allocation, including share repurchases and dividend payments.
- The Southern Timberlands segment experienced a $3 million decrease in adjusted EBITDA due to stable log markets and muted sawlog demand.
- The OSB segment saw a $4 million decrease in adjusted EBITDA, affected by elevated channel inventories and slower building activity.
- Engineered Wood Products faced a $16 million decrease in adjusted EBITDA, impacted by a multi-week outage at the MDF facility due to a fire event.
- The company anticipates a $15 million decrease in second-quarter earnings and adjusted EBITDA for the Timberlands business due to seasonal cost increases.
- Weyerhaeuser Co (WY) faced challenges in the housing market with a softer-than-expected start to the spring building season and cautious homebuilder sentiment.
Greetings, and welcome to the Weyerhaeuser first-quarter 2025 earnings conference call. (Operator Instructions) As a reminder, this conference call is being recorded.
It is now my pleasure to introduce your host, Andy Taylor, Vice President of Investor Relations. Thank you, Mr. Taylor. You may begin.
Thank you, Rob. Good morning, everyone. Thank you for joining us today to discuss Weyerhaeuser's first-quarter 2025 earnings.
This call is being webcast at www.weyerhaeuser.com. Our earnings release and presentation materials can also be found on our website.
Please review the warning statements in our earnings release and on the presentation slides concerning the risks associated with forward-looking statements, as forward-looking statements will be made during this conference call. We will discuss non-GAAP financial measures, and a reconciliation of GAAP can be found in the earnings materials on our
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