Weyerhaeuser (WY) official guidance

As we've previously communicated, we anticipate approximately $300 million of investments for Monticello in 2026.

As we previously communicated, we anticipate approximately $300 million of investments for Monticello in 2026.

This excludes the investment required for the construction of our new EWP facility in Arkansas, which we expect to be approximately $300 million in 2026.

Turning to capital expenditures, we expect our typical programmatic CapEx to be between $400 million and $450 million in 2026, in line with our new multi-year target.

The company continues to expect full year 2026 Adjusted EBITDA to be approximately $450 million, a $25 million increase from the initial outlook, and basis as a percentage of Strategic Land Solutions sales to be 15 to 20 percent for the full year.

As a result, we are increasing segment guidance for full-year 2026 adjusted EBITDA to approximately $450 million, an increase of $25 million from prior guidance.

The company now expects full year 2026 Adjusted EBITDA to be approximately $450 million, a $25 million increase from prior outlook, and basis as a percentage of Strategic Land Solutions sales to be 15 to 20 percent for the full year.

Moving to Strategic Land Solutions, or SLS, we continue to expect full-year adjusted EBITDA of approximately $425 million.

The company continues to expect full year 2026 Adjusted EBITDA for the segment to be approximately $425 million and now expects basis as a percentage of Strategic Land Solutions sales to be 20 to 30 percent for the full year.

Q4 2026 Outlook – Weyerhaeuser anticipates fourth quarter earnings before special items will be approximately $35 million lower than the third quarter and Adjusted EBITDA will be approximately $45 million lower than the third quarter due to the timing and mix of Real Estate sales.

Q4 2026 Outlook – Weyerhaeuser anticipates fourth quarter earnings before special items and Adjusted EBITDA will be comparable to the third quarter.

Q4 2026 Outlook – Weyerhaeuser anticipates fourth quarter earnings before special items and Adjusted EBITDA will be moderately lower than the third quarter, excluding the effect of changes in average sales realizations for lumber and oriented strand board.

In the South, the company expects moderately lower fee harvest volumes, slightly higher sales realizations and per unit log and haul costs, and comparable forestry and road costs.

In the West, the company expects slightly lower fee harvest volumes and slightly higher sales volumes, primarily for export.

For oriented strand board, the company anticipates slightly higher sales volumes and fiber costs and slightly lower unit manufacturing costs.

In the South, the company expects moderately lower fee harvest volumes, slightly higher sales realizations and per unit log and haul costs, and comparable forestry and road costs.

Per unit log and haul costs are expected to be comparable, with seasonally lower forestry and road costs.

For lumber, the company expects slightly lower sales volumes and slightly higher log and unit manufacturing costs.

In the South, the company expects moderately lower fee harvest volumes, slightly higher sales realizations and per unit log and haul costs, and comparable forestry and road costs.