Weyerhaeuser Sees Q3 Timberlands Earnings Slightly Higher Than Q2
WY is trading near its 52-week low of $21.155 (12% above the low).
Summary
Weyerhaeuser guided for Q3 Timberlands earnings before special items and adjusted EBITDA to be slightly above Q2 levels. This follows a strong Q2 beat reported earlier today, where sales of $1.87B and adjusted EPS of $0.13 topped consensus. The Timberlands segment is a core profit driver, and the sequential improvement signals continued strength in lumber markets or operational gains. The guidance provides incremental visibility beyond the Q2 print and supports the positive momentum from the company's $1.5B incremental EBITDA plan outlined in May.
At the time of this announcement, WY was trading at $23.64 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $16.9B. The 52-week trading range was $21.16 to $27.75. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.