Weyerhaeuser Q3 Sales Rise to $1.86B, Profit Falls

Weyerhaeuser's third-quarter 2026 sales increased to $1.862 billion, but net earnings declined to $61 million from $80 million a year earlier. Adjusted EBITDA rose 14% year over year to $248 million, while weaker Wood Products profitability and higher manufacturing costs affected quarterly performance.

Summary

Weyerhaeuser Reports Lower Net Earnings: The company posted third-quarter 2026 net earnings of $61 million, down from $80 million a year earlier. Net sales increased to $1.862 billion from $1.717 billion.
Adjusted EBITDA Increases 14%: Adjusted EBITDA reached $248 million, compared with $217 million in Q3 2025, although it declined from $310 million in the previous quarter. Higher manufacturing expenses and weaker product realizations affected Wood Products performance.
Timberland Sale and Q4 Outlook: Weyerhaeuser agreed to sell approximately 81,000 acres of non-core Arkansas timberlands for $146 million. The company expects Q4 earnings and Adjusted EBITDA to remain moderately below Q3 levels.

Weyerhaeuser Q3 2026 Sales Rise to $1.86 Billion as Net Earnings Decline

Weyerhaeuser reported higher third-quarter revenue and adjusted EBITDA compared with a year earlier, although net earnings declined to $61 million. Wood Products profitability weakened from the previous quarter, while the company advanced a $146 million Arkansas timberland sale.

By Paul Ploumis
Published: November 2, 2026
Reporting period: Third Quarter 2026

Key Points

Revenue: Net sales increased to $1.862 billion from $1.717 billion in Q3 2025.
Net earnings: Declined to $61 million, or $0.08 per diluted share, from $80 million a year earlier.
Adjusted EBITDA: Increased 14% year over year to $248 million but fell from $310 million in Q2.
Wood Products: Segment sales reached $1.385 billion, while adjusted EBITDA declined to $91 million sequentially.
Timberlands: A $146 million Arkansas land sale is expected to close in Q4, subject to closing conditions.

MONTREAL (Scrap Monster): Weyerhaeuser Company reported third-quarter 2026 net earnings of $61 million, or $0.08 per diluted share, compared with $80 million in the same period last year, despite higher revenue.

Net sales increased to $1.862 billion from $1.717 billion in Q3 2025. Adjusted EBITDA rose 14% year over year to $248 million, although it declined from $310 million in the preceding quarter.

Operating cash flow totaled $193 million, compared with $210 million a year earlier.

ScrapMonster Edge: Higher Sales Did Not Translate Into Higher Net Profit

Weyerhaeuser's third-quarter results show an important distinction between revenue growth and profitability. Net sales increased by $145 million year over year, while net earnings declined by $19 million. Adjusted EBITDA improved compared with Q3 2025 but remained below the previous quarter.

Industry takeaway: Higher sales alone do not establish stronger operating conditions across wood products. Manufacturing expenses, product selling prices and maintenance activity remain important measures of performance, particularly as Weyerhaeuser expects softer fourth-quarter results.

Wood Products Profitability Weakens

Weyerhaeuser's Wood Products segment generated $1.385 billion in third-quarter sales, an increase of $25 million from Q2 2026.

However, segment adjusted EBITDA declined sequentially to $91 million, reflecting higher manufacturing expenses, lower sales realizations for certain products and increased maintenance activity.

Arkansas Timberland Sale Valued at $146 Million

Weyerhaeuser also advanced its timberland portfolio optimization strategy, agreeing to sell approximately 81,000 acres of non-core timberlands in Arkansas for $146 million.

The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.

Weyerhaeuser Expects Softer Fourth-Quarter Results

For Q4 2026, Weyerhaeuser expects earnings before special items and adjusted EBITDA to be moderately lower than third-quarter levels, excluding changes in lumber and oriented strand board selling prices.

The company also anticipates slightly lower lumber sales volumes.

Source: Weyerhaeuser Company, Third Quarter 2026 Financial Results, released October 29, 2026.

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What was Weyerhaeuser's Adjusted EBITDA in Q3 2026?

$193 million

$217 million

$248 million

Frequently Asked Questions

How did Weyerhaeuser perform financially in the third quarter of 2026?

Weyerhaeuser reported net earnings of $61 million, or $0.08 per diluted share, on revenues of $1.862 billion. Earnings declined from $80 million in Q3 2025, although net sales increased from $1.717 billion.

What factors affected Weyerhaeuser's Wood Products segment?

The Wood Products segment generated $1.385 billion in third-quarter sales, up $25 million sequentially. However, Adjusted EBITDA declined to $91 million due to higher manufacturing expenses, weaker sales realizations for certain products and increased maintenance activity.

What are Weyerhaeuser's latest timberland transaction and Q4 outlook?

The company agreed to sell approximately 81,000 acres of non-core timberlands in Arkansas for $146 million, with closing expected in Q4 2026. Management anticipates moderately lower earnings before special items and Adjusted EBITDA in the fourth quarter, excluding changes in lumber and oriented strand board realizations. Slightly lower lumber sales volumes are also expected.