Weyerhaeuser (WY) Misses Q3 EPS by 5c

Weyerhaeuser (NYSE: WY) reported Q3 EPS of $0.34, $0.05 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $1.91 billion versus the consensus estimate of $1.99 billion.

"In the third quarter, our business delivered solid operating performance despite significant headwinds from severe weather, trade policy and unusually volatile wood products markets," said Doyle R. Simons, president and chief executive officer. "During the quarter we demonstrated our ongoing commitment to disciplined capital allocation by increasing our quarterly dividend six percent, repurchasing $290 million of common shares, and announcing actions to reduce our pension liabilities. Going forward, we remain relentlessly focused on driving value for shareholders through industry-leading performance and disciplined capital allocation."

GUIDANCE:

Weyerhaeuser anticipates fourth quarter earnings and Adjusted EBITDA will be comparable to the third quarter. The company expects full year 2018 Adjusted EBITDA for the segment will be approximately $260 million.

For earnings history and earnings-related data on Weyerhaeuser (WY) click here.

You May Also Be Interested In

• Kroger (KR) Reports In-Line Q1 EPS, Beats on Revenue; Offers FY27 EPS Guidance
• John Wiley & Sons, Inc. (WLYB) Tops Q4 EPS by 12c; Offers Outlook
• John Rogers Jr. to leave Nike board after eight years of service