Weyerhaeuser reports Q1 EPS ex-items 26c, consensus 24c Reports Q1 revenue $1.98B, consensus $2.08B. Average selling prices for Western logs improved across export and domestic markets. Western fee harvest volumes increased to capitalize on robust export markets, and unit logging costs fell due to higher volume and improved efficiencies. In the South, silviculture costs declined seasonally and average log price realizations improved slightly. These improvements were partially offset by lower Southern fee harvest volumes due to wet weather. Q1 included earnings of $4M from dispositions of non-strategic timberlands, a decrease of $16M compared with Q4.
Weyerhaeuser raises quarterly dividend by 6.9% to 31c per share Weyerhaeuser announced that its board declared a dividend on the company's common shares of 31c per share, reflecting a 6.9% increase from the prior quarterly dividend of 29c per share. The dividend is payable in cash on September 25, to holders of record of such common shares at the close of business on September 11.