SEATTLE — Weyerhaeuser Company reported second quarter net earnings of $173 million on net sales of $1.9 billion.

In comparison, Weyerhaeuser’s net earnings were $230 million on net sales of $2.0 billion for the same period last year.

Weyerhaeuser also announced strategic timberland acquisitions in Alabama, totaling 84,300 acres for $244 million. Including these transactions, the company said it have completed approximately $775 million against the target to grow its Timberlands portfolio through $1.0 billion of disciplined investments by the end of 2025.

"Our businesses delivered solid operating performance in the second quarter,” said Devin Stockfish, president and chief executive officer. “Despite ongoing challenges in the lumber market, Adjusted EBITDA improved across each of our business segments compared to first quarter 2024. In addition, we continue to make meaningful progress toward our multi-year growth targets with the high-quality timberland acquisitions we announced today.”