Weyerhaeuser Sees Q3 Earnings ~$10M Lower Than Q2, Adj. EBITDA Will Be ~$30M Lower Than Q2 Due To Timing And Mix Of Real Estate Sales; Sees FY24 Adj. EBITDA ~$330M, $10M Increase From Prior Outlook, Expect Basis As A Percentage Of Real Estate Sales To Be 35%-45%
Portfolio Pulse from Benzinga Newsdesk
Weyerhaeuser expects Q3 earnings to be $10M lower than Q2 and Adjusted EBITDA to be $30M lower due to timing and mix of real estate sales. However, FY24 Adjusted EBITDA is projected to be $330M, a $10M increase from prior outlook. The company also provided detailed expectations for various product segments.
July 25, 2024 | 8:28 pm
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Weyerhaeuser expects Q3 earnings to be $10M lower and Adjusted EBITDA to be $30M lower than Q2 due to timing and mix of real estate sales. However, FY24 Adjusted EBITDA is projected to be $330M, a $10M increase from prior outlook.
The short-term outlook for Q3 shows a decrease in earnings and Adjusted EBITDA, which is likely to negatively impact the stock price. However, the slight increase in FY24 Adjusted EBITDA outlook may provide some long-term optimism.
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