By Freddy Sebastian

Weyerhaeuser reported higher profit and sales in the third quarter, but the company said it was still facing a challenging market backdrop as the timing and mix of real estate sales affected results sequentially.

The lumber producer's profit rose to $80 million, or 11 cents a share in the quarter ended Sept. 30, compared with $28 million, or 4 cents a share, a year earlier.

Excluding an aftertax benefit of $40 million for special items, Weyerhaeuser earned 6 cents a share.

Sales rose to $1.72 billion from $1.68 billion. Analysts surveyed by FactSet expected sales of $1.66 billion.

Timberlands sales rose from last quarter to $536 million. Wood products revenue fell to $1.23 billion sequentially.

The company completed two acquisitions totaling $459 million in the latest period, including its previously-announced deal for timberlands in North Carolina and Virginia.

Also in the quarter, Weyerhaeuser advanced three divestiture packages of non-core timberlands, two of which were closed or under contract in early October, totaling $410 million of expected proceeds by year end.

The company expects the third divestiture to close in early 2026.

In September, Weyerhaeuser sold its lumber mill in Princeton, British Columbia for $85 million. The company received $61 million upon the sale of the lumber facility, with the rest of the proceeds to be received with the transfer of associated timber licenses, expected in the coming months.

For the fourth quarter, the company expects timberlands and wood products earnings excluding items to be lower than the third quarter.

Write to Freddy Sebsatian at freddy.sebastian@wsj.com

(END) Dow Jones Newswires

October 30, 2025 16:54 ET (20:54 GMT)

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