WY

EX-99.1

2 wy-ex99_1.htm

EX-99.1

EX-99.1

EXHIBIT 99.1

For more information contact:

Analysts – Andy Taylor (206) 539-3907

Media – Nancy Thompson (919) 861-0342

Weyerhaeuser Reports Third Quarter Results

• Generated net earnings of $61 million, or $0.08 per diluted share

• Achieved Adjusted EBITDA of $248 million, a 14 percent increase compared with third quarter 2025

• Advanced divestiture of non-core timberlands in Arkansas, with closing expected in the fourth quarter

• Commencing construction on first biocarbon facility in McComb, Mississippi; site selection in progress for additional locations

• Monetized approximately 340,000 forest carbon credits year-to-date through third quarter; on pace for highest annual sales volume since program’s inception

• Commenced construction on two additional solar sites; bringing portfolio to two operational sites and five under construction

• Signed geothermal energy exploration agreement covering approximately 145,000 acres in Oregon and Washington

SEATTLE, October 29, 2026 – Weyerhaeuser Company (NYSE: WY) today reported third quarter net earnings of $61 million, or 8 cents per diluted share, on net sales of $1.9 billion. This compares with net earnings of $80 million, or 11 cents per diluted share, on net sales of $1.7 billion for the same period last year and net earnings of $162 million for second quarter 2026. There were no special items in third quarter 2026. Net earnings before special items was $40 million for the same period last year and $91 million for second quarter 2026. Adjusted EBITDA for third quarter 2026 was $248 million, compared with $217 million for the same period last year and $310 million for second quarter 2026.

In October, Weyerhaeuser entered into an agreement to divest approximately 81,000 acres of non-core timberlands in Arkansas for $146 million. The transaction is expected to close in the fourth quarter and is subject to customary closing conditions. Consistent with the company’s long-standing approach to active portfolio management, Weyerhaeuser will continue to evaluate opportunities to optimize the return profile of its timberlands portfolio, while also creating additional flexibility for broader capital allocation and growth priorities as market conditions and opportunities evolve.

“Our teams delivered solid operating performance in the third quarter against an increasingly challenging macroeconomic backdrop,” said Devin W. Stockfish, president and chief executive officer. “In addition, we continued to enhance the value of our timberlands portfolio and made meaningful progress advancing several strategic growth initiatives. Looking ahead, we remain confident in the longer-term demand fundamentals that support growth for our businesses and are well positioned to navigate the current environment given the strength of our portfolio, balance sheet and flexible capital allocation framework. We remain intently focused on driving operational excellence, serving our customers and executing our strategy to create superior long-term value for our shareholders.”

WEYERHAEUSER FINANCIAL HIGHLIGHTS

2026

2026

2025

(millions, except per share data)

Q2

Q3

Q3

Net sales

$

1,867

$

1,862

$

1,717

Net earnings

$

162

$

61

$

80

Net earnings per diluted share

$

0.23

$

0.08

$

0.11

Weighted average shares outstanding, diluted

722

721

722

Net earnings before special items(1)(2)

$

91

$

61

$

40

Net earnings per diluted share before special items(1)

$

0.13

$

0.08

$

0.06

Adjusted EBITDA(1)

$

310

$

248

$

217

Net cash from operations

$

399

$

193

$

210

Adjusted FAD(3)

$

323

$

110

$

117

1

(1) Net earnings before special items is a non-GAAP measure that management believes provides helpful context in understanding the company’s earnings performance. Additionally, Adjusted EBITDA is a non-GAAP measure that management uses to evaluate the performance of the company. Adjusted EBITDA, as we define it, is operating income adjusted for depreciation, depletion, amortization, basis of Strategic Land Solutions acres sold and special items. Net earnings before special items and Adjusted EBITDA should not be considered in isolation from, and are not intended to represent an alternative to, our GAAP results. Reconciliations of net earnings before special items and Adjusted EBITDA to GAAP earnings are included within this release.

(2) Special items for prior periods presented are included in the reconciliation tables within this release.

(3) Adjusted Funds Available for Distribution (Adjusted FAD) is a non-GAAP measure that management uses to evaluate the company’s liquidity. Adjusted FAD, as we define it, is net cash from operations adjusted for capital expenditures and significant non-recurring items. Adjusted FAD measures cash generated during the period (net of capital expenditures and significant non-recurring items) that is available for dividends, repurchases of common shares, debt reduction,

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EX-99.1

2 wy-ex99_1.htm

EX-99.1

EX-99.1

EXHIBIT 99.1

For more information contact:

Analysts – Andy Taylor (206) 539-3907

Media – Nancy Thompson (919) 861-0342

Weyerhaeuser Reports First Quarter Results

• Generated net earnings of $156 million, or $0.22 per diluted share, and net earnings before special items of $77 million, or $0.11 per diluted share

• Achieved Adjusted EBITDA of $308 million, a 120 percent increase compared with fourth quarter 2025

• Completed sizeable conservation easement transaction in Florida

• Previewed new and innovative engineered wood products at International Builders’ Show

• Expanded distribution footprint with new facility in Montana and upcoming site in Tennessee

• Completed divestiture of timberlands in Virginia

• Completed transfer of timber licenses in British Columbia to buyer of Princeton mill in April

SEATTLE, April 30, 2026 – Weyerhaeuser Company (NYSE: WY) today reported first quarter net earnings of $156 million, or 22 cents per diluted share, on net sales of $1.7 billion. This compares with net earnings of $83 million, or 11 cents per diluted share, on net sales of $1.8 billion for the same period last year and net earnings of $74 million for fourth quarter 2025. Excluding an after-tax benefit of $79 million for special items, the company reported first quarter net earnings of $77 million, or 11 cents per diluted share. This compares with a net loss before special items of $67 million for fourth quarter 2025. There were no special items in first quarter 2025. Adjusted EBITDA for first quarter 2026 was $308 million, compared with $328 million for the same period last year and $140 million for fourth quarter 2025.

In February, Weyerhaeuser completed the previously announced divestiture of 108,000 acres of non-core timberlands in Virginia for $192 million. Subsequent to the first quarter, the company received $22 million in proceeds following the transfer of its timber licenses in British Columbia, representing the final proceeds associated with the sale of its Princeton lumber mill.

"Our teams delivered solid operating performance in the first quarter,” said Devin W. Stockfish, president and chief executive officer. “Despite elevated macroeconomic uncertainty, Adjusted EBITDA improved across each of our business segments compared to fourth quarter 2025. In addition, we advanced key growth initiatives in our Wood Products business and made progress on actions to optimize our portfolio. Looking forward, we are encouraged by the recent increase in lumber pricing and are well positioned to navigate a range of market conditions. We maintain a favorable outlook for the longer-term demand fundamentals that support our businesses and remain focused on serving our customers, driving operational excellence and advancing our strategy to accelerate growth and deliver significant long-term value for shareholders."

WEYERHAEUSER FINANCIAL HIGHLIGHTS

2025

2026

2025

(millions, except per share data)

Q4

Q1

Q1

Net sales

$

1,541

$

1,727

$

1,763

Net earnings

$

74

$

156

$

83

Net earnings per diluted share

$

0.10

$

0.22

$

0.11

Weighted average shares outstanding, diluted

722

722

727

Net (loss) earnings before special items(1)(2)

$

(67

)

$

77

$

83

Net (loss) earnings per diluted share before special items(1)

$

(0.09

)

$

0.11

$

0.11

Adjusted EBITDA(1)

$

140

$

308

$

328

Net cash from operations

$

(114

)

$

52

$

70

Adjusted FAD(3)

$

(24

)

$

(58

)

$

(7

)

(1) Net earnings before special items is a non-GAAP measure that management believes provides helpful context in understanding the company’s earnings performance. Additionally, Adjusted EBITDA is a non-GAAP measure that management uses to evaluate the performance of the company. Adjusted EBITDA, as we define it, is operating income adjusted for depreciation, depletion, amortization, basis of Strategic Land Solutions acres sold and special items. Net earnings before special items and Adjusted EBITDA should not be

1

considered in isolation from, and are not intended to represent an alternative to, our GAAP results. Reconciliations of net earnings before special items and Adjusted EBITDA to GAAP earnings are included within this release.

(2) First quarter 2026 after-tax special items include a $58 million gain on the sale of Virginia timberlands and a $21 million product remediation insurance recovery. Special items for prior periods presented are included in the reconciliation tables within this release.

(3) Adjusted Funds Available for Distribution (Adjusted FAD) is a non-GAAP measure that management uses to evaluate the company’s liquidity. Adjusted FAD, as we define it, is net cash from operations adjusted for capital expenditures and significant non-recurring items. Adjusted FAD measures cash generated during the period (net of capital expenditures and significant non-recurring items) that is available for dividends, repurchases of common shares, debt r