Earnings Call Summary | Weyerhaeuser Co(WY.US) Q1 2024 Earnings Conference
Earnings Call Summary | Weyerhaeuser Co(WY.US) Q1 2024 Earnings Conference
The following is a summary of the Weyerhaeuser Company (WY) Q1 2024 Earnings Call Transcript:
以下是Weyerhaeuser Company（懷俄明州）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Weyerhaeuser reported Q1 GAAP earnings of $114 million or $0.16 per diluted share on net sales of $1.8 billion.
Adjusted EBITDA increased to $352 million by 10% over Q4 2023.
Timberlands, Real Estate, Energy and Natural Resources, and Wood Products made considerable contributions to Q1 earnings and adjusted EBITDA.
Despite severe weather and mill curtailments, Weyerhaeuser ensured balance in the Timberlands sector.
The company returned $146 million to shareholders through quarterly base dividend and $102 million through supplemental dividend in Q1.
Weyerhaeuser報告稱，第一季度GAAP收益爲1.14億美元，攤薄後每股收益爲0.16美元，淨銷售額爲18億美元。
調整後的息稅折舊攤銷前利潤比2023年第四季度增長了10％，至3.52億美元。
林地、房地產、能源和自然資源以及木製品爲第一季度收益和調整後的息稅折舊攤銷前利潤做出了可觀的貢獻。
儘管天氣惡劣，工廠也出現了削減，但Weyerhaeuser還是確保了林地行業的平衡。
該公司通過季度基本股息向股東返還了1.46億美元，在第一季度通過補充股息向股東返還了1.02億美元。
Business Progress:
業務進展：
The company signed a Carbon Capture and Sequestration agreement with Lapis Energy and initiated two forest carbon projects expected to be completed in late 2024.
More than 60 agreements for potential solar projects were signed, covering more than 100,000 acres across 11 states.
A steady recovery from the single-family segment and stable sales from the Engineered Wood Products (EWP) business are projected for Q2.
Weyerhaeuser aims to expand its New and Complementary Solutions through solar projects despite the uncertainty of agreement conversion.
The company acknowledged potential labor shortages affecting lumber pricing and a sluggish recovery and remodel (R&R) market but remains optimistic.
Despite lower operating rates, Weyerhaeuser managed to maintain profitability due to its low-cost lumber manufacturing structure and expects to remain cash flow positive.
Weyerhaeuser anticipates growth in Timberland acquisitions valued between $2 billion to $2.5 billion and in the incorporation of carbon value into these packages.
The company plans to continue operating at normal operating levels throughout the year, despite the high-interest rate environment.
該公司與Lapis Energy簽署了碳捕集和封存協議，並啓動了兩個森林碳項目，預計將於2024年底完成。
簽署了60多份潛在太陽能項目協議，涵蓋11個州超過10萬英畝的土地。
預計第二季度單戶住宅板塊將穩步復甦，工程木製品（EWP）業務的銷售將保持穩定。
儘管協議轉換存在不確定性，但Weyerhaeuser的目標是通過太陽能項目擴展其新的和互補的解決方案。
該公司承認潛在的勞動力短缺影響木材定價，復甦和改造（R＆R）市場疲軟，但仍保持樂觀。
儘管運營率較低，但由於其低成本木材製造結構，Weyerhaeuser設法保持了盈利能力，並預計現金流將保持正值。
Weyerhaeuser預計，價值在20億至25億美元之間的Timberland收購以及將碳價值納入這些一攬子計劃的情況將增長。
儘管利率環境很高，但該公司計劃全年繼續保持正常運營水平。
More details: Weyerhaeuser Co IR
更多詳情： Weyerhaeuser Co IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。