Weyerhaeuser (WY) Tops Q1 EPS by 4c, Beats on Revenues

Weyerhaeuser (NYSE: WY) reported Q1 EPS of $0.36, $0.04 better than the analyst estimate of $0.32. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.82 billion.

"I am extremely pleased with our first quarter performance, as we fully capitalized on strong lumber, OSB and Western log markets to drive outstanding results, including the highest first quarter Wood Products EBITDA on record. This includes exceptional work by our teams to mitigate the effect of ongoing freight service disruptions," said Doyle R. Simons, president and chief executive officer. "Looking forward, we are relentlessly focused on capturing the full benefit of improving housing starts and favorable market dynamics to drive value for shareholders."

For earnings history and earnings-related data on Weyerhaeuser (WY) click here.

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