Weyerhaeuser Q3 Profit Tops Estimates

(RTTNews) - Weyerhaeuser Company (WY) said, in the third quarter, it delivered strong results across each of its businesses. Adjusted EBITDA was $746 million compared to $745 million, prior year.

Excluding items, third quarter earnings per share of $0.60 compared to $0.52, last year. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.57, for the quarter. Analysts' estimates typically exclude special items. Net profit was $482 million or $0.64 per share compared to $283 million or $0.38 per share.

Net sales increased to $2.35 billion from $2.11 billion, a year ago. Analysts expected revenue of $2.33 billion, for the quarter.

Weyerhaeuser said its year-to-date record cash flow generation will result in a significant supplemental dividend payment to shareholders in the first quarter of 2022.