Fri, Jul 26, 8:19 PM (43 days ago)
Weyerhaeuser Company's Q2 2024 report shows a decline in financial performance compared to Q2 2023. Net sales decreased by 3% to $1,939 million, primarily due to lower sales in Wood Products, offset partially by increased Real Estate sales. Gross margin dropped to $404 million from $469 million, and operating income fell by 15% to $270 million. Net earnings were $173 million, down from $230 million, with EPS declining to $0.24 from $0.31. Year-to-date, net sales decreased by 4% to $3,735 million, with net earnings down 25% to $287 million. Cash from operations was $556 million, down from $622 million. The company repurchased $99 million in shares and paid $394 million in dividends. Future operations may be impacted by market conditions, including lumber demand and housing market trends.