Weyerhaeuser reports first quarter results

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Go back to Weyerhaeuser reports first quarter results

Weyerhaeuser (WY) Tops Q1 EPS by 5c, Revenues Beat; 'Expects 2Q Earnings & Adj. EBITDA Will be Significantly Lower than 1Q'

May 1, 2020 6:00 AM EDT

Weyerhaeuser (NYSE: WY) reported Q1 EPS of $0.18, $0.05 better than the analyst estimate of $0.13. Revenue for the quarter came in at $1.73 billion versus the consensus estimate of $1.65 billion.

"I am proud of our first quarter performance, as each business delivered strong operating results despite rapidly changing market conditions associated with the COVID-19 pandemic," said Devin W. Stockfish, president and chief executive officer. "I want to thank our employees for their dedication to safety, operational excellence and serving our customers through this uncertain and challenging environment."

"In late March, we took steps to enhance financial... More