$WY · WEYERHAEUSER CO
Weyerhaeuser reported Q3 2026 net earnings of $61M ($0.08/share) on net sales of $1.86B, down from $80M ($0.11/share) a year ago. Adjusted EBITDA of $248M rose 14% YoY but fell 20% sequentially from Q2's $310M. Wood Products drove the sequential decline, with pretax contribution halving to $32M. The company guided Q4 earnings before special items and Adjusted EBITDA comparable to Q3 in Timberlands but lower in Wood Products and Strategic Land Solutions.
- Q3 net earnings of $61M ($0.08/share) vs $80M ($0.11/share) in Q3 2025
- Adjusted EBITDA rose 14% YoY to $248M but fell 20% sequentially from $310M in Q2 2026
- Wood Products net contribution to pretax earnings dropped 55% sequentially: $32M vs $71M in Q2
- Strategic Land Solutions Q4 Adjusted EBITDA expected ~$45M lower than Q3 due to Real Estate sale timing
- Entered agreement to divest ~81,000 acres of Arkansas timberlands for $146M, closing Q4 2026
Extended-hours trading shows WY at $19.54, down 1.06% from the $19.75 regular close, reflecting mild negative reaction to the sequential earnings decline and cautious Q4 outlook.
Sequential earnings halved despite flat revenue, signaling margin pressure in Wood Products that Q4 guidance suggests will persist.
Weyerhaeuser's Wood Products margin compression mirrors broader housing-market softness; the $146M Arkansas timberland divestiture continues an industry trend of portfolio optimization among timber REITs.
Q4 outlook flags moderately lower Wood Products EBITDA excluding lumber/OSB price changes, plus $35M lower Strategic Land Solutions earnings before special items — both tied to macro housing and demand headwinds.