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Weyerhaeuser lowers Q3 Timberlands segment view due to Japan, wildfire caution

In an investor slides presentation, the company noted that its Timberland anticipates lower earnings and adjusted EBITDA for Q3. The company now sees adjusted EBITDA $35M lower than Q223 and $25M lower sequentially from Q2.The company cited lower western log sales volumes than initially expected. This resulted from fewer shipments to Japan and temporary harvest restrictions in the U.S. due to wildfire risks.

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