SEATTLE — Weyerhaeuser Company has reported its first quarter net earnings of $83 million on net sales of $1.8 billion. This compares with net earnings of $114 million on net sales of $1.8 billion for the same period last year and net earnings of $81 million for fourth quarter 2024. There were no special items in any comparative period. Adjusted EBITDA (Earnings Before Interests, Taxes, Depreciation, and Amortization) for first quarter 2025 was $328 million, compared with $352 million for the same period last year and $294 million for fourth quarter 2024. 

“We delivered solid results across each of our businesses in the first quarter,” said Devin W. Stockfish, president and chief executive officer. “In addition, we increased our quarterly base dividend for the fourth consecutive year. I’m pleased with the organization’s performance, particularly in light of the uncertain macroeconomic backdrop. Turning to our outlook, we are well positioned to navigate a range of market conditions in the near term, and we remain confident about the longer-term demand fundamentals that support our businesses. Our balance sheet is strong, and we continue to focus on driving operational excellence, capitalizing on strategic opportunities, and creating long-term value for shareholders through our disciplined and flexible capital allocation framework.”

Q1 performance findings:

• In the West, fee harvest and domestic sales volumes were moderately higher than the fourth quarter.
• Domestic sales realizations were significantly higher, and export sales realizations were slightly higher.
• Export sales volumes were slightly lower overall, as significantly lower volumes to China were mostly offset by significantly higher volumes to Japan. 
• Per unit log and haul costs and forestry and road costs were lower. 
• In the South, fee harvest volumes, sales realizations and per unit log and haul costs were all comparable to the fourth quarter. 

• Forestry and road costs were slightly higher.

  Weyerhaeuser anticipates second quarter earnings before special items and Adjusted EBITDA will be slightly higher than the first quarter, excluding the effect of changes in average sales realizations for lumber and oriented strand board. 

  

  For lumber, the company expects slightly higher sales volumes and log costs and comparable unit manufacturing costs. For oriented strand board, the company anticipates slightly higher sales volumes and fiber costs, and unit manufacturing costs are expected to be higher given an increase in planned downtime for annual maintenance. For engineered wood products, the company expects slightly higher sales volumes, comparable sales realizations, and lower raw material and unit manufacturing costs. For distribution, the company anticipates slightly higher results compared to the first quarter.
  
  For more information, visit weyerhaeuser.com.