WEYERHAEUSER CO
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 26, 2024
WY$20.98-3.0%Stored close · as of Nov 6, 2026
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Item 1. CONSOLIDATED STATEMENT OF OPERATIONS
CONSOLIDATED STATEMENT OF OPERATIONS
| QUARTER ENDED | YEAR-TO-DATE ENDED | |||
|---|---|---|---|---|
| DOLLAR AMOUNTS IN MILLIONS, EXCEPT PER-SHARE FIGURES | JUNE 2024 | JUNE 2023 | JUNE 2024 | JUNE 2023 |
| Net sales (Note 3) | $1,939 | $1,997 | $3,735 | $3,878 |
| Costs of sales | 1,535 | 1,528 | 2,976 | 3,040 |
| Gross margin | 404 | 469 | 759 | 838 |
| Selling expenses | 22 | 22 | 44 | 44 |
| General and administrative expenses | 116 | 108 | 236 | 209 |
| Other operating (income) costs, net (Note 13) | (4) | 20 | 13 | 30 |
| Operating income | 270 | 319 | 466 | 555 |
| Non-operating pension and other post-employment benefit costs (Note 6) | (10) | (12) | (21) | (21) |
| Interest income and other | 13 | 18 | 29 | 30 |
| Interest expense, net of capitalized interest | (67) | (70) | (134) | (136) |
| Earnings before income taxes | 206 | 255 | 340 | 428 |
| Income taxes (Note 14) | (33) | (25) | (53) | (47) |
| Net earnings | $173 | $230 | $287 | $381 |
| Earnings per share, basic and diluted (Note 4) | $0.24 | $0.31 | $0.39 | $0.52 |
| Weighted average shares outstanding (in thousands) (Note 4): | ||||
| Basic | 729,026 | 732,021 | 729,534 | 732,599 |
| Diluted | 729,341 | 732,362 | 729,950 | 732,961 |
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