Weyerhaeuser Co

Latest Results (17.03.2026):

Weyerhaeuser Company reported results for the fourth quarter of 2025 (Q4 2025). For Q4 the company posted net earnings of $74 million ($0.10 per diluted share) on net sales of $1.5 billion and Adjusted EBITDA of $140 million; excluding after‑tax special‑item benefits of $141 million, Weyerhaeuser reported a Q4 net loss of $67 million (loss of $0.09 per diluted share). For full year 2025 the company reported net earnings of $324 million ($0.45 per diluted share), Adjusted EBITDA of about $1.0 billion, and net sales of $6.9 billion.

Q4 2025 headline results

Q4 net earnings: $74M ( $0.10/diluted share) on $1.54B net sales. Adjusted EBITDA for the quarter was $140M, down from $294M in Q4 2024 and $217M in Q3 2025. Excluding Q4 special items (after‑tax benefit $141M), the quarter reflects a $67M net loss.

Full‑year 2025 summary

Full‑year net earnings $324M ($0.45/share) on $6.9B sales. Adjusted EBITDA was $1.0B (vs $1.3B in 2024). Excluding 2025 special items (after‑tax benefit $181M), 2025 net earnings were $143M ($0.20/share) versus $384M pre‑special items in 2024.

Special items and one‑offs

Q4 special items included pretax gains on timberland sales ($266M total), a pension settlement charge (pretax $145M; after‑tax ~$111M), and an $18M noncash environmental remediation charge. These items materially affected reported Q4 and full‑year results.

Timberlands and divestitures

Timberlands segment reported a Q4 pretax gain of $266M from timberland sales. Notable transactions in 2025: sale of 28,000 acres in Oregon for $190M, sale of ~86,000 acres in Georgia/Alabama for $216M, and an agreement to sell ~108,000 acres in Virginia for $193M (expected close Q1 2026).

Pension de‑risking

Weyerhaeuser completed a group annuity transfer that moved ~ $455M of U.S. pension liabilities to an insurer (funded by ~$440M of plan assets), and made a $200M voluntary cash contribution; since 2018 the company reduced pension obligations from $6.8B to $1.9B (as of 12/31/25).

Climate Solutions progress

Climate Solutions delivered operating income of $102M and Adjusted EBITDA of $119M for 2025 (a 42% increase vs 2024), exceeding the prior $100M target and the company set a new target of $250M Adjusted EBITDA by 2030.

Wood Products weakness

Wood Products struggled in Q4: net sales fell to $1.085B, the segment had a pretax charge of $78M and Adjusted EBITDA of negative $20M. Lumber and OSB realizations were lower versus Q3 and volumes/production were reduced in many product lines.

Cash flow, capital allocation and outlook

Net cash from operations was negative $114M in Q4 and $562M for the full year; Adjusted FAD was negative $24M in Q4 and $397M for the year. The company returned $766M of cash to shareholders in 2025 (including $160M repurchases), completed a $1B repurchase program and announced a new $1B authorization, and raised the base dividend 5%. Management expects Q1 2026 earnings before special items and Adjusted EBITDA to be comparable to Q4 2025 and provided segment‑level Q1 and FY‑2026 guidance (e.g., Real Estate & ENR FY‑2026 Adjusted EBITDA ~ $425M).