Weyerhaeuser Q3 2024 Results Show Sales Dip
Ticker: WY · Form: 10-Q · Filed: 2024-10-25T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, real-estate, timber
Related Tickers: WY
TL;DR
WEYERHAEUSER Q3 SALES DOWN YOY. TIMBERLANDS & WOOD PRODUCTS SEGMENTS DETAILED.
AI Summary
Weyerhaeuser Co. reported its third-quarter 2024 results, with net sales for the three months ended September 30, 2024, showing a decrease compared to the same period in 2023. The company's financial statements reflect changes in accumulated other comprehensive income and retained earnings as of September 30, 2024, compared to June 30, 2024. Specific segment data for Timberlands and Wood Products for the nine months ended September 30, 2024, and 2023, are also detailed.
Why It Matters
This filing provides insight into Weyerhaeuser's recent financial performance, which can impact investor confidence and the broader real estate and construction sectors.
Risk Assessment
Risk Level: medium — The filing details financial performance and segment data, which can indicate market trends and company health, but lacks forward-looking guidance or significant new risk disclosures.
Key Numbers
- Q3 2024 — Reporting Period (Third quarter of 2024)
- Q3 2023 — Prior Period (Third quarter of 2023)
- September 30, 2024 — Balance Sheet Date (End of the reporting period)
- June 30, 2024 — Prior Balance Sheet Date (Previous quarter end date)
Key Players & Entities
- WEYERHAEUSER CO (company) — Filer
- 20240930 (date) — Reporting Period End Date
- 20241025 (date) — Filing Date
- 206-539-3000 (phone_number) — Business Phone
- SEATTLE (location) — Business Address City
- WA (location) — Business Address State
- 98104 (zip_code) — Business Address Zip
FAQ
What was the reporting period for this 10-Q filing?
The reporting period was for the quarter ended September 30, 2024.
What is the company's name and ticker symbol?
The company is WEYERHAEUSER CO. The ticker symbol is not explicitly provided in this snippet, but is typically WY.
Where is Weyerhaeuser Co. headquartered?
Weyerhaeuser Co. is headquartered in Seattle, WA, with a zip code of 98104.
What is the company's primary industry classification?
The company is classified under Real Estate Investment Trusts [6798].
When was this 10-Q form filed with the SEC?
This 10-Q form was filed on October 25, 2024.
From the Filing
0000950170-24-117425.txt : 20241025 0000950170-24-117425.hdr.sgml : 20241025 20241025161606 ACCESSION NUMBER: 0000950170-24-117425 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 73 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241025 DATE AS OF CHANGE: 20241025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEYERHAEUSER CO CENTRAL INDEX KEY: 0000106535 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 910470860 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-04825 FILM NUMBER: 241397258 BUSINESS ADDRESS: STREET 1: 220 OCCIDENTAL AVENUE SOUTH CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: 206-539-3000 MAIL ADDRESS: STREET 1: 220 OCCIDENTAL AVENUE SOUTH CITY: SEATTLE STATE: WA ZIP: 98104 10-Q 1 wy-20240930.htm 10-Q 10-Q Q3 false --12-31 0000106535 http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent 0000106535 us-gaap:PensionPlansDefinedBenefitMember 2023-07-01 2023-09-30 0000106535 wy:WoodProductsMember wy:SoftwoodPlywoodMember 2023-07-01 2023-09-30 0000106535 wy:AccumulatedTranslationAdjustmentAndOtherMember 2024-06-30 0000106535 2023-09-30 0000106535 wy:NorthMember wy:DeliveredlogsMember wy:TimberlandsMember 2023-07-01 2023-09-30 0000106535 us-gaap:OperatingSegmentsMember 2023-07-01 2023-09-30 0000106535 wy:REENRMember 2023-01-01 2023-09-30 0000106535 wy:EngineeredSolidSectionMember wy:WoodProductsMember 2024-01-01 2024-09-30 0000106535 wy:MediumdensityfiberboardMember wy:WoodProductsMember 2023-01-01 2023-09-30 0000106535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0000106535 us-gaap:RetainedEarningsMember 2024-06-30 0000106535 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2023-01-01 2023-09-30 0000106535 us-gaap:RestrictedStockUnitsRSUMember 2024-01-01 2024-09-30 0000106535 wy:WestMember wy:DeliveredlogsMember wy:TimberlandsMember 2024-07-01 2024-09-30 0000106535 us-gaap:CommonStockMember 2023-06-30 0000106535 wy:RecreationalandotherleaserevenueMember wy:TimberlandsMember 2023-01-01 2023-09-30 0000106535 us-gaap:CommonStockMember 2024-09-30 0000106535 us-gaap:RetainedEarningsMember 2023-12-31 0000106535 wy:AccumulatedTranslationAdjustmentAndOtherMember 2023-06-30 0000106535 wy:AccumulatedPensionPlansDefinedBenefitPlansAdjustmentMember 2024-09-30 0000106535 wy:AccumulatedTranslationAdjustmentAndOtherMember 2023-12-31 0000106535 us-gaap:OperatingSegmentsMember wy:REENRMember 2024-07-01 2024-09-30 0000106535 stpr:AL 2024-07-25 2024-07-25 0000106535 wy:SouthMember wy:DeliveredlogsMember wy:TimberlandsMember 2024-01-01 2024-09-30 0000106535 wy:WestMember wy:DeliveredlogsMember wy:TimberlandsMember wy:ExportSalesMember 2023-01-01 2023-09-30 0000106535 us-gaap:OperatingSegmentsMember wy:REENRMember 2023-01-01 2023-09-30 0000106535 us-gaap:IntersegmentEliminationMember wy:TimberlandsMember 2024-01-01 2024-09-30 0000106535 wy:NorthMember wy:DeliveredlogsMember wy:TimberlandsMember 2024-07-01 2024-09-30 0000106535 wy:StructurallumberMember wy:WoodProductsMember 2024-07-01 2024-09-30 0000106535 wy:A7125PercentDebenturesDue2023Member 2023-07-01 2023-07-31 0000106535 us-gaap:RetainedEarningsMember 2023-07-01 2023-09-30 0000106535 wy:TimberlandsMember 2023-07-01 2023-09-30 0000106535 2024-07-01 2024-09-30 0000106535 wy:OrientedStrandBoardMember wy:WoodProductsMember 2023-01-01 2023-09-30 0000106535 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000106535 us-gaap:IntersegmentEliminationMember wy:TimberlandsMember 2023-01-01 2023-09-30 0000106535 wy:VariableInterestrateMember 2024-09-30 0000106535 wy:OrientedStrandBoardMember wy:WoodProductsMember 2023-07-01 2023-09-30 0000106535 us-gaap:CommonStockMember 2023-07-01 2023-09-30 0000106535 wy:TimberlandsMember 2023-01-01 2023-09-30 0000106535 wy:AccumulatedOtherPostEmploymentBenefitPlansDefinedBenefitPlansAdjustmentMember 2023