Weyerhaeuser reports Q1 results, notes new facilities and land sales in positive results

By Dakota Smith

May 4, 2026 | 9:27 am CDT

Achieved Adjusted EBITDA of $308 million, a 120 percent increase compared with fourth quarter 2025. Photo by Weyerhaeuser.

SEATTLE — Weyerhaeuser Company reported first quarter net earnings of $156 million on net sales of $1.7 billion. This compares with net earnings of $83 million on net sales of $1.8 billion for the same period last year and net earnings of $74 million for fourth quarter 2025. Excluding an after-tax benefit of $79 million for special items, the company reported first quarter net earnings of $77 million. This compares with a net loss before special items of $67 million for fourth quarter 2025. There were no special items in first quarter 2025.

Adjusted EBITDA for first quarter 2026 was $308 million, compared with $328 million for the same period last year and $140 million for fourth quarter 2025.

In February, Weyerhaeuser completed the previously announced divestiture of 108,000 acres of non-core timberlands in Virginia for $192 million. Subsequent to the first quarter, the company received $22 million in proceeds following the transfer of its timber licenses in British Columbia, representing the final proceeds associated with the sale of its Princeton lumber mill.

Strategic land solutions Q2 2026 outlook – Weyerhaeuser anticipates second quarter earnings before special items will be approximately $80 million lower than the first quarter and Adjusted EBITDA will be approximately $70 million lower than the first quarter due to the absence of a large conservation easement transaction, partially offset by higher Real Estate results due to the timing and mix of sales. The company continues to expect full year 2026 Adjusted EBITDA for the segment to be approximately $425 million and now expects basis as a percentage of Strategic Land Solutions sales to be 20 to 30 percent for the full year.

"Our teams delivered solid operating performance in the first quarter,” said Devin W. Stockfish, president and chief executive officer. “Despite elevated macroeconomic uncertainty, Adjusted EBITDA improved across each of our business segments compared to fourth quarter 2025. In addition, we advanced key growth initiatives in our Wood Products business and made progress on actions to optimize our portfolio. Looking forward, we are encouraged by the recent increase in lumber pricing and are well positioned to navigate a range of market conditions. We maintain a favorable outlook for the longer-term demand fundamentals that support our businesses and remain focused on serving our customers, driving operational excellence and advancing our strategy to accelerate growth and deliver significant long-term value for shareholders."

To read the full Q1 results, visit weyerhaeuser.com.

Have something to say? Share your thoughts with us in the comments below.

Economy and Business Forecasts