Weyerhaeuser has revised downward its second-quarter earnings and adjusted EBITDA guidance for its Wood Products business, citing weaker market conditions. In a June 26 investor presentation, the company said it now expects Q2 earnings and adjusted EBITDA for the Wood Products segment to come in approximately $20 million below Q1 levels. The previous outlook had anticipated results slightly above Q1. The downgrade reflects a softer demand environment, slightly lower sales realizations, and operational results that have trended below first-quarter performance. Weyerhaeuser maintained its Q2 guidance for its other business units, including Timberlands and Real Estate ...
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