Weyerhaeuser beats Q1 profit on timberland monetization
Weyerhaeuser posted adjusted profit of $0.11 per share, beating estimates. Results were driven by a $94 million conservation easement and land divestitures.
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WEYERHAEUSER CO posted first-quarter adjusted profit of $0.11 per share, more than doubling the $0.05 per share LSEG analyst estimate. The United States timber firm benefited from a $94 million conservation easement and a $192 million Virginia land sale. Monetizing non-core assets provides a cash buffer as the company navigates fluctuating lumber prices and higher interest rates.
