Weyerhaeuser discusses Q3 outlook on conference call
WY•Weyerhaeuser expects to increase share repurchases in Q4 and slightly higher average sales realizations than in Q3. It said Monticello investment for 2026 is expected to be about $250 million, with total cost moderately above its initial $500 million estimate.
1. Q4 and project outlook
Weyerhaeuser expects to increase share repurchase activity in Q4 and anticipates slightly higher average sales realizations than in Q3, including for engineered wood products. It expects to invest about $250 million in Monticello in 2026, with the project's cost moderately above the initial $500 million estimate. The company expects to ship three vessels to China in Q4, up from one per quarter since late 2025, and said China log pricing could rise if tariffs are lifted before year-end.
2. Market conditions and plans
Weyerhaeuser said pulp and paper mill disruptions weighed on western fiber markets and that it sees more capacity cuts in the OSB business. It expects repair and remodeling activity to slow seasonally in Q4, with activity potentially remaining muted in 2027, and is discussing data-center development at seven to eight sites.
