Weyerhaeuser Co.

Strong Financial Performance: Weyerhaeuser reported full-year GAAP earnings of $396 million, representing $0.54 per share, with net sales of $7.1 billion. The company returned $735 million to shareholders in 2024, which included a 5.3% increase in the base dividend and $153 million in share repurchases. Adjusted EBITDA for the full year was $1.3 billion.

Outlook for Timberlands: The company expects first-quarter earnings and adjusted EBITDA from Timberlands to be approximately $20 million higher compared to Q4 2024. Strong domestic log demand, particularly in the West, and reduced log supply are expected to drive improved sales volumes and pricing heading into the spring building season. However, sales volumes to China are expected to be lower due to the Lunar New Year holiday.

Growth in Natural Climate Solutions (NCS): Weyerhaeuser expects significant growth in its NCS contributions, projecting adjusted EBITDA to reach $100 million by the end of 2025. The company anticipates a five to ten-fold increase in carbon credit sales during 2025 from roughly 15,000 credits sold in 2024, with strong ongoing demand for forest carbon credits bolstered by seven projects currently in development.