Weyerhaeuser reports Q2 adjusted EPS 21c, consensus 21c

Reports Q2 revenue $1.9B, consensus $1.94B. “Our businesses delivered solid operating performance in the second quarter,” said Devin Stockfish, president and CEO. “Despite ongoing challenges in the lumber market, Adjusted EBITDA improved across each of our business segments compared to first quarter 2024. In addition, we continue to make meaningful progress toward our multi-year growth targets with the high-quality timberland acquisitions we announced today. Looking forward, we maintain a constructive outlook for the longer-term demand fundamentals that support our businesses and are uniquely positioned to navigate a range of market conditions given our unmatched portfolio of assets, relentless focus on operational excellence and innovation, and disciplined approach to capital allocation. Our balance sheet is strong, and we remain committed to serving our customers and driving long-term value for our shareholders.”