Weyerhaeuser Wall Street estimates for first-quarter profit on Thursday, as the lumber firm was helped by robust domestic demand.

According to U.S. government data released on Wednesday new home sales surged to a six-month high in March, as buyers hurried to capitalize on declining mortgage rates, benefiting firms like Weyerhaeuser which supply lumber for new home construction.

The company's Timberlands segment reported quarterly adjusted core profit of $167 million for the January-March quarter, up 16% from a year earlier.

Weyerhaeuser in March said U.S. import tariffs could raise its costs for products and raw materials. The warnings were disclosed under the 'risk factors' segment of the company's filing.

The company said there had been a slight pullback in lumber demand as tariff-related uncertainty weighed on homebuilder sentiment.

"Prospective buyers turned more cautious in response to elevated uncertainty surrounding tariffs and the broader economy. This cautious sentiment continued into April. Given these dynamics, the spring building season has gotten off to a softer start than we were expecting at the outset of 2025," company executives said on Friday.

But Weyerhaeuser executives expect demand and volumes to improve as building activity picks up in the current quarter.

The company reported an adjusted profit of 11 cents per share for the quarter ended March 31, beating analysts' average estimate by 1 cent, according to data compiled by LSEG.