Weyerhaeuser reports $788M Q2 net profit

Home » Weyerhaeuser reports $788M Q2 net profit
Weyerhaeuser reports $788M Q2 net profit

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Weyerhaeuser reported second quarter net earnings of $788 million on net sales of $3.0 billion. This compares with net earnings of $1.0 billion on net sales of $3.1 billion for the same period last year, and net earnings of $771 million for the first quarter of 2022. “In the second quarter, our teams delivered strong results across each of our businesses,” said Devin W. Stockfish, president and CEO. “Year to date, we have generated $2.7 billion of Adjusted EBITDA and $1.9 billion of Adjusted Funds Available for Distribution. Looking forward, we remain constructive on long-term demand fundamentals that support our businesses, notwithstanding the recent macroeconomic headwinds. Our financial position is exceptionally strong, and we remain committed to delivering operational excellence across our unmatched portfolio of assets and enhancing shareholder value through disciplined capital allocation.” To read the full report, click here.