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Management Side
Weyerhaeuser quarterly profit slumps as higher costs weigh on timber business

SEATTLE (From news reports) -- U.S. timber company Weyerhaeuser reported a sharp drop in fourth-quarter profit on Thursday as it struggled with higher forestry and road costs in its timberlands unit due to wet weather conditions.

The company owns or controls about 10.5 million acres of timberlands in the United States, primarily in the West, South and Northeast.

Last year, the company said it would acquire timberlands in Alabama totaling 84,300 acres in three transactions for $244 million, which were closed by October.

Weyerhaeuser posted a profit of $81 million for the quarter ended Dec. 31, compared with $219 million a year earlier.

The Seattle-based company's adjusted core profit from its timberlands segment was $126 million, down nearly 12%.

Still, Weyerhaeuser expects current-quarter core profit to be about $20 million higher than the fourth quarter, helped by higher sales of domestic logs.

"Entering 2025, our balance sheet is strong, and we are well positioned to capitalize as market conditions improve," CEO Devin W. Stockfish said in a statement.

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