Weyerhaeuser - Q4 2011 results
Weyerhaeuser have reported an adjusted EPS of $0.14 in the fourth quarter of 2011. Adjusted EBITDA was $266MM. Weyerhaeuser had anticipated lower earnings from timberlands and cellulose fibres, but actual results have shown an improvement in timberlands and pulp remained the same as the previous quarter.
Operating profit for Cellulose Fibres in Q4 2011 fell by $1MM to $134MM. Average selling prices were down by 2.7% from the previous quarter, while sales volumes rose by 9.9%. Weyerhaeuser are anticipating lower earnings in Q1 due to falling prices, higher maintenance and inflationary pressure on costs, as well as slightly lower shipments.
Operating profit for Wood Products fell by $18MM from the previous quarter, to $61MM. The lumber composite price dropped 1% and OSB prices increased by 2% in Q4 2011. Sales volumes and pricing fell, and lower operating rates increased costs. A smaller loss is expected in Q1 due to improved building material pricing, higher shipments and lower manufacturing costs.
Operating profit from the Timberlands segment was up $8MM to $70MM in Q4 2011. They are expecting slightly higher Q1 earnings.
Posted Date: 07th Feb 2012