Weyerhaeuser Company
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Weyerhaeuser Company (WY) investor relations material

Weyerhaeuser Company Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary30 Jan, 2026

Executive summary

  • Full year 2025 net earnings were $324 million ($0.45 per diluted share) on $6.9 billion in net sales, with Adjusted EBITDA of $1.0 billion, reflecting a decline from 2024 amid challenging market conditions.

  • Q4 2025 net earnings were $74 million ($0.10 per diluted share) on $1.5 billion in sales; Adjusted EBITDA was $140 million, with a net loss of $67 million excluding special items.

  • Special items in Q4 included significant gains from timberland sales and a $145 million noncash pension settlement charge.

  • Achieved multi-year growth targets, exceeded Climate Solutions Adjusted EBITDA goal, and launched a new growth strategy targeting $1.5 billion incremental Adjusted EBITDA by 2030.

  • Returned $766 million to shareholders in 2025, including $160 million in share repurchases, completed a $1 billion repurchase program, and announced a new $1 billion authorization.

Financial highlights

  • Gross margin for 2025 was $1,025 million, down from $1,313 million in 2024; Adjusted FAD for 2025 was $397 million, down from $567 million in 2024.

  • Completed $406 million in Timberlands divestitures and agreed to sell 108,000 acres in Virginia for $193 million.

  • Cash from operations was $562 million; excluding pension contributions, $762 million.

  • Ended year with just under $500 million in cash and $5.6 billion in total debt; pension liability management included a $455 million annuity contract, reducing gross pension obligations to $1.9 billion.

  • Net debt to Adjusted EBITDA (LTM) increased to 5.0 at year-end 2025.

Outlook and guidance

  • Timberlands and Wood Products Q1 2026 earnings and Adjusted EBITDA expected to be comparable to Q4 2025; Strategic Land Solutions earnings and Adjusted EBITDA projected to be significantly higher due to a large conservation easement sale.

  • Full-year 2026 company-wide fee harvest volumes expected at 35.5 million tons; Strategic Land Solutions Adjusted EBITDA guidance of $425 million.

  • 2026 CapEx guidance: $400–$450 million, plus $300 million for a new EWP facility in Arkansas.

  • Company maintains a favorable long-term outlook and is positioned to capitalize as market conditions improve.

Climate Solutions 2030 target: key drivers
How were timberland divestiture proceeds utilized?
Total pension obligation reduction since 2018?
Biocarbon partnership's wood fiber source
Comfort level with 5x net leverage?
Florida conservation easement's land ownership
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Frequently asked questions

Weyerhaeuser Company is one of the world's largest private owners of timberlands. The company manage these forest resources and manufacture, distribute, and sell a broad range of forest products. In addition, Weyerhaueser Company have a real estate business that includes the acquisition, development, sale and management of timberland and other properties. The company is a member of the S&P 500 Index.

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