Weyerhaeuser (WY) Tops Q2 EPS by 11c

Weyerhaeuser (NYSE: WY) reported Q2 EPS of $0.11, $0.11 better than the analyst estimate of $0.00. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.42 billion.

Q3 2020 Outlook:

Weyerhaeuser expects third quarter earnings and Adjusted EBITDA will be lower than second quarter. In the West, the company anticipates slightly lower average log sales realizations and seasonally higher road, forestry, and per unit logging and hauling costs. The company expects higher average Western domestic log realizations, slightly lower export log realizations, and a higher proportion of domestic log sales compared with the second quarter. In the South, the company expects seasonally higher forestry expenses, decreased fee harvest volumes and slightly lower average log sales realizations, primarily due to mix.

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

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