Weyerhaeuser Q1 earnings up 88% on land sale, insurance recovery; core operations weaken

Filed May 1, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 25, 2025 · ~2 min read

Key Changes

• high

  Net earnings rose 88% to $156M, but excluding a $58M timberland sale and $21M insurance recovery, earnings fell 7% to $77M as Wood Products operating income dropped 60% on lower lumber and OSB pricing.

  MD&A: Net Earnings and Wood Products Operating Income verify on EDGAR →
• high

  Lumber averaged $435/MBF (down from $455 prior year) and OSB $261/MSF (down from $376), pressuring Wood Products despite sequential price gains within Q1 driven by supply curtailments.

  MD&A: Lumber and OSB Pricing verify on EDGAR →
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  New single-family home sales fell 17% sequentially to 587k units in January 2026 due to affordability constraints and elevated financing costs, a headwind for near-term wood products demand.

  MD&A: New Single-Family Home Sales verify on EDGAR →