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Weyerhaeuser Company (WY) investor relations material
Weyerhaeuser Company Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Full year 2025 net earnings were $324 million ($0.45/share) on $6.9 billion in net sales, with Adjusted EBITDA of $1.021 billion, reflecting solid execution amid challenging market conditions and a year-over-year decline.
Q4 2025 net earnings were $74 million ($0.10/share) on $1.54 billion in sales, with Adjusted EBITDA of $140 million, both down sequentially and year-over-year.
Returned $766 million to shareholders, including $160 million in share repurchases, completed a $1 billion repurchase program, and announced a new $1 billion authorization.
Launched a new growth strategy through 2030, exceeded the 2025 Climate Solutions Adjusted EBITDA target, and increased base dividend by 5%.
Enhanced the timberlands portfolio through strategic transactions and advanced a biocarbon business partnership.
Financial highlights
Full year 2025 Adjusted EBITDA was $1.021 billion, down from $1.3 billion in 2024; Q4 2025 Adjusted EBITDA was $140 million, down from $217 million in Q3.
Gross margin for 2025 was $1.025 billion; Q4 2025 gross margin was $161 million.
Adjusted FAD for 2025 was $397 million, down from $567 million in 2024.
Cash from operations was $562 million; excluding pension contributions, $762 million.
Ended year with just under $500 million in cash and $5.6 billion in total debt.
Outlook and guidance
Q1 2026 earnings and Adjusted EBITDA for Timberlands expected to be comparable to Q4 2025; Strategic Land Solutions earnings and Adjusted EBITDA projected to be significantly higher due to a large conservation easement sale.
Full year 2026 guidance includes fee harvest volumes of ~35.5 million tons, Strategic Land Solutions Adjusted EBITDA of $425 million, and capital expenditures of $400–$450 million (excluding a $300 million facility investment).
Interest expense expected at $255 million; effective tax rate between 8% and 12%.
Company maintains a favorable long-term outlook and is positioned to capitalize as market conditions improve.
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