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Industrial Goods | Lumber, Wood Production | USA

Weyerhaeuser's (WY) Q1 Earnings In Line, Sales Lag, Down Y/Y

Weyerhaeuser Company (WY - Free Report) reported first-quarter 2019 results, wherein earnings met the Zacks Consensus Estimate, while net sales missed the same. Adjusted earnings (before special items) of 11 cents were in line with the consensus mark but decreased 69.4% from the year-ago figure of 36 cents. The company has been witnessing unfavorable average sales realizations for oriented strand board, domestic and export logs, and lower volumes.

Revenue Discussion

In the quarter under review, Weyerhaeuser’s net sales of $1,643 million missed the consensus mark of $1,733 million by 5.2%. Also, the reported figure was down 11.9% from $1,865 million in the prior-year quarter.

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https://www.zacks.com/stock/news/404417/...txt-404417

Weyerhaeuser's (WY) Q2 Earnings Beat Estimates, Sales Miss

Weyerhaeuser Company WY reported mixed second-quarter 2019 results, wherein earnings surpassed the Zacks Consensus Estimate, while net sales missed the same.

The company’s reported earnings (before special items) of 16 cents topped the consensus mark of 10 cents by 60%. However, the bottom line was significantly down from the year-ago figure of 44 cents. The company has been facing volatility in various markets served and weather-related challenges.

Net sales during the quarter came in at $1,692 million, missing the consensus mark of $1,728 million by 2.1%. Also, the reported figure was down 18.1% from $2,065 million in the prior-year quarter. Its two major segments reported significantly lower net sales on a year-over-year basis.


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https://finance.yahoo.com/news/weyerhaeu...03315.html