(USD) | Mar 2024 | Q/Q |
---|---|---|
Revenue | 1.8B | +1% |
Gross Profit | 355MM | +4% |
Cost Of Revenue | 1.4B | +1% |
Operating Income | 196MM | -29% |
Operating Expenses | 159MM | - |
Net Income | 114MM | -48% |
R&D | 1MM | -50% |
G&A | 120MM | +4% |
Interest Expense | 67MM | -7% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Lumber producer Weyerhaeuser says it has struck deals to install solar panels over more than 100,000 acres in 11 states, positioning the country's largest private landowner to become a big player in the fastest-growing source of electricity generation in the U.S. Solar power generation is forecast to increase by a record this year and make another jump next year, to about 75% more than in 2023, the Energy Information Administration estimates. A lot of the new solar panels are being installed o...
The first-quarter 2024 results of Weyerhaeuser (WY) portray lower fee harvest volumes, a decrease in domestic sales volumes along with high lumber manufacturing and raw materials costs.
While the top- and bottom-line numbers for Weyerhaeuser (WY) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Performance Review and Future Outlook
Weyerhaeuser (WY) delivered earnings and revenue surprises of 6.67% and 2.27%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Weyerhaeuser Company (NYSE: WY) today reported first quarter net earnings of $114 million, or 16 cents per diluted share, on net sales of $1.8 billion. This compares with net earnings of $151 million, or 21 cents per diluted share, on net sales of $1.9 billion for the same period last year and net earnings of $219 million for fourth quarter 2023. There were no special items in first quarter 2024 or the same period last year. Net earnings before special items was $121 million for fourth quarter 2
Weyerhaeuser's (WY) first-quarter results are likely to reflect weaker-than-expected contributions from the Wood Products segment.
Potlatch (PCH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Beyond analysts' top -and-bottom-line estimates for Weyerhaeuser (WY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
Weyerhaeuser (WY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.