Weyerhaeuser reports Q2 adjusted EPS 32c, consensus 21c

Reports Q2 revenue $2.0B, consensus $2B. “In Q2, our teams delivered solid results across each of our businesses,” said Devin Stockfish, CEO. “In addition, we continue to make meaningful progress towards our multi-year growth targets with the recent acquisition of high-quality timberlands in Mississippi. Looking forward, we are encouraged by recent improvements in the housing market, and maintain a favorable longer-term outlook for the demand fundamentals that will drive growth for our businesses. Our financial position is exceptionally strong, and we remain focused on delivering operational excellence across our unmatched portfolio of assets and enhancing shareholder value through disciplined capital allocation.”