Weyerhaeuser reports Q1 EPS 11c, consensus 10c

Reports Q1 revenue $1.71B, consensus $1.77B. “We delivered solid results across each of our businesses in the first quarter,” said Devin Stockfish, president and CEO. “In addition, we increased our quarterly base dividend for the fourth consecutive year. I’m pleased with the organization’s performance, particularly in light of the uncertain macroeconomic backdrop. Turning to our outlook, we are well positioned to navigate a range of market conditions in the near term, and we remain confident about the longer-term demand fundamentals that support our businesses. Our balance sheet is strong, and we continue to focus on driving operational excellence, capitalizing on strategic opportunities, and creating long-term value for shareholders through our disciplined and flexible capital allocation framework.”