Timberland Results Remained Sluggish in WY's 3Q; Should Improve in 2017 With Higher Housing Starts
Weyerhaeuser's third-quarter results were boosted by another strong performance from the wood products business, which posted adjusted EBITDA of $203 million, up from $111 million in the prior year's period. Higher prices for lumber (up 8%) and oriented strand board, or OSB, (up 32%) led the way, with Weyerhaeuser's realizations roughly tracking the benchmarks we follow.Timberland results were roughly flat on a like-for-like basis, with adjusted EBITDA of $223 million in line with combined resu...
Weyerhaeuser is a real estate investment trust. The company's business segments are: Timberlands, which provides delivered logs (grade logs and fiber logs), timber, recreational leases and other products; Real Estate, Energy and Natural Resources (ENR), in which Real Estate sells timberland tracts for recreational, conservation, commercial or residential purposes, whereas ENR sells rights to explore, extract and sell construction aggregates (rock, sand and gravel), industrial materials and oil and natural gas; and Wood Products, which provides structural lumber, oriented strand board, wood products, other products, and complementary building products.
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