WY earnings analysis
What we found in WY's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Weyerhaeuser's Q1 2026 results show a solid improvement in EPS and operating income despite a slight revenue decrease year-over-year. Revenue was reported at $1.73 billion, with EPS of $0.22 reflecting an 88% increase from the previous year. Management anticipates stable performance moving forward but highlights potential headwinds from market conditions and cost pressures.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Earnings Growth
- Net earnings surged by $73 million, increasing 88% year-over-year to $156 million.
- EPS Exceeds Expectations
- Reported diluted EPS was $0.22, up from $0.11 in Q1 2025, exceeding consensus estimates of $0.04.
- Operating Income Increases
- Operating income was up 38% to $248 million, attributable to gains from timberland sales.
- Notable Segment Gains
- Strategic Land Solutions segment net sales rose 120% to $208 million, mainly driven by a $94 million conservation easement sale.
- Improvement in Costs of Sales
- Costs of sales decreased $19 million year-over-year to $1.41 billion, helping margin recovery.
- Revised Capital Expenditure Guidance
- Management anticipates capital expenditures for 2026 to range between $400-$450 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Lower Sales in Wood Products
- Wood Products segment revenue declined by 10% ($123 million) due to decreased sales realization across products.
- Cash Flow from Operations Down
- Cash provided by operations dropped to $52 million from $70 million YOY, indicating tighter working capital.
- Continued Cost Pressures
- Ongoing inflation and rising interest rates may pressure future margins and operations.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.22
- Gross margin
- 15.4%
- Operating margin
- 14.32%
- Segment
- Timberlands
- Segment
- Wood Products
- Segment
- Strategic Land Solutions
What they said about what is next.
Management expects Q2 earnings before special items to be comparable to Q1.
The filing reads better than the one before it.
What came before.
- 10-K · February 13, 2026
- Weyerhaeuser emphasizes a land-anchored, vertically integrated strategy: large timberland ownership and REIT status support long-dated cash flows while an integrated Wood Products manufacturing footprint captures…
- 10-Q · October 31, 2025
- Weyerhaeuser reported Q3 2025 net sales of $1,717 million (vs. $1,681 million in Q3 2024) and GAAP diluted EPS of $0.11 (vs. $0.04). Revenue and EPS beat consensus, but gross margin contracted to $204 million (11.9% of…
- 10-Q · July 25, 2025
- Weyerhaeuser reported Q2 net sales of $1,884 million (down $55 million vs Q2 2024) and EPS of $0.12 (vs $0.24 in Q2 2024), with notable margin compression. Real Estate & ENR and share repurchases/financing activity were…
- 10-Q · April 25, 2025
- Weyerhaeuser reported Q1 2025 revenue of $1,763 million and EPS of $0.11, down versus Q1 2024 revenue of $1,796 million and EPS $0.16. Operating income fell to $179 million from $196 million and gross margin declined to…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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