Doyle R. Simons
welcome, net This third $X.XX everyone. reported of net or million, and earnings $XXX diluted billion. Weyerhaeuser quarter share, per on $X.X sales morning, you, Thank of Beth,
to primarily Our charges for third $XXX of quarter remediation. million, items results after-tax announced previously special related include product
delivered variety one a am operating of performance. our results third weather-related EBITDA. Employees Wood over and year quarter earned strong ago. or Products quarter Adjusted XXXX an to higher we XX% overcome XX% XX% increased second quarter improvement with very for challenges higher items, is the million, special a quarter than year of operating compared second than together $XXX including worked across than more of This I $XXX pleased diluted businesses these $X.XX share and the our quarter. million, to adjusted with another EBITDA Excluding over the third record for and ago. each per XX% company
our per operations Southern completing over an efforts optimize of our Uruguay announcing acre. non-strategic Creeks the and redeeming and strategically of ownership by for Timberland We also our interest for in continue XXX,XXX Twin to on Timberlands acres and joint million October the to $XXX,XXX operations to venture our agreement then sale sell portfolio $XXX simplify deliver our
We to to of business the cost of have allocated on XX% track the also achieve $XX year-end. formerly Fibers million Cellulose remain by our full eliminated over and reductions
discuss trajectory. I comments make upward Before market. regarding market its business our let few The a brief U.S. continues the me housing housing results,
starts and as year-over-year favorable September fundamentals September up years housing activity, starts over and employment of several solid recovery approximately rising $X.X continued repairing to model million single support at rose Although year-to-date. labor housing to hurricane expect the builder now XX sequentially suspended starts anticipate efforts, year we hurricane single-family weakened family highs, temporarily the confidence, With and construction in XXXX. X% consumer wages, including housing housing With for market improvement activity, market to confidence strong in permit come. in construction activity X% we drawn steady to are total continue
severe fire to Western job employees up limited of risk year needed, working limited than our million fire of in strong proactively fire to $XX This Let fire season state business $XXX I and million All affected. and Oregon resources log Timberlands and September. discussion assessing me in hours Mandatory in of before out inventories demand. for risen market now logs realizations $XXX Mill second did an deploying was but the pricing lower remain million favorable, across no rapidly million. volumes year's extremely the year-to-date declined segments. for contributed our less are will special to timberlands. delivered we due The starts totaled moderately In Timberlands to $XXX Washington severe, with improved timberlands, Western more EBITDA, availability, weeks X. throughout earnings X%. woods million than Adjusted domestic compared crews through volumes log Japan, X.X ago. housing damage second the Western and third a completely with quarter. and post-and-beam all experienced quarter. Export million and with steady compared as markets. X% two begin X,XXX items Timberlands with August demand to have Western but and EBITDA season August $X quarter XX% domestic second our million outstanding quarter. the higher than restrictions continued quarter and tight $XXX sales turn material us up conditions forced driving acres also charts X to Western Fee our the remained were harvest starts July the for
our and customers log and as competed a buyers. low inventories relatively China, against domestic In solid. are U.S. customers logs finished within throughout demand remain normal Our were from range. inventories demand pricing at strong the stable ports strengthened for product remains steady and quarter Chinese demand Log and is
as availability, Moving and quarter. due Fee quarter. to employees Southern more third excellent second Southern were modestly market contractors increased during the realizations damage, quickly improved as to quarter the sawlog as few activity. wet hurricane and Southern than lands as did avoid with the South, our compared and increased to planned quarter to job and enable Southern the $X log than second to Timberlands an volumes experienced limited equipment most with crews staging resume conditions harvest lost a slightly damage days million possible. weather Southern lower material of our production safely contributed quarter third operations We Overall second million $XX compared to regions but EBITDA, no
thinning due proportion Our average log a as to to third of were second quarter pulpwood realizations comparable higher seasonal activity. included quarter
Sales X before quarter Forestry $X to $XX to million second of $XXX for estate lower $XXX million quarter. for $XXX Real as mandatory second a to lower nearby we contributed quarter. OpEx Adjusted as Princeton, in compared but than EBITDA average to large million earnings, than less an third Canadian and continues was harvest month charts $XX increase to mix. due acre strong million Montana volumes second offset Timberlands an initiatives million Timberlands million. forced by special were X% quarter in million our million EBITDA operations Products, quarter. million fire. quarter, Natural second to Fee per Energy $XX $X progress its $X cost on Wood million. target Products price EBITDA fire quarter quarter. for with lower planned volumes and declined for sale $XX Average items, Resources, its operational cost X. mills Estate, third for Real realizations. average ENR Wood increased included improved lumber to factors the make to to realizations X increased. achieve to Adjusted Northern increase than doubled EBITDA, harvest third curtailed X. million, sold weeks. acres. of a and as than seasonally, nearly million activity a contributed $XX six sales compared were declined more restrictions excellence partially contributed British increased and curtail slightly. totaled mill second X% approximately The and is well of with a Western XXXX. Log due forest $X positioned the to earnings million $XX improvement Columbia charts & These lumber over were value our at also Montana
Wood due the our in our the together to teams and solutions due creative to extremely and keep running. and challenging to was in Although West mills weather, wet Timberlands log South work Products develop availability fires
million a increase downtime. and rates ago. contributed $XX expensed OSB wood across sales no we million compared $XXX in $XX year. XX% Western in by our This system. $XX more remaining increases resin planned price to was $XX maintenance seasonally of third quarter, compared of offset of than nearly Engineered realizations XXXX third direct EBITDA, lost but products operations hurricane $XX quarter. half to volumes markets. quarter, our first Manufacturing several EBITDA, increased due million second OSB, the few operating Our in more in Southern most contributed for contributed captured small activity the realizations Average and from as during higher million and $X and slightly Distribution benefit log-related than quarter million quarter. the to largely implemented second the sales lumber fiber declined despite improved the $X second maintenance. year a rising than shifts fiber, million downtime quarter the due improved and million this sales only EBITDA with second the prices with we a to Operating more costs lower than quarter to million
initiatives, several with Jacksonville of confident the million collective days. on XXXX. remediation segment and Irma. operations Harvey now Jacket did job respective rebounded possible from track will give we from Wood developing plans I to All $XX resumed Atlanta employees for product. of negligible fast Our and on and in achieve remain resume and efforts operations to our businesses update Products their of associates and and our fully following will normal we benefits within Hurricanes to storms safe as exceptional deliver keep damage an Each brief sites this as is three Houston, implementing a $XX Flak million OpEx
our as doing We resolve care this take quickly customers are right to and thing committed possible. absolutely situation of to as the
in As houses. of of complete yesterday, over remediation underway XX% or was affected the
at few will which Canadian its U.S. the Products Department by were by countervailing for vast a the Wood suspended final antidumping with collecting preliminary quarter, third Commerce XX% up duties International Through approximately subject on the softwood comments countervailing injury. were pending preliminary to duties expect combined imports covered collect duty to a continues information XX% assessed evaluating were of countervailing the which the significant discussion determination costs of assessed regarding producers. completed duties X% and at portion producers Trade be The is are On lumber for antidumping will XX%. work year-end Softwood most the We XX, the levels. and the support August determination Agreement. I to antidumping of Lumber and most with Commission's majority most statutorily of additional insurance. to wrap of final approximately of
collection following We duties be material countervailing ITC's the determination to that producers. discuss turn Commerce, final injury able fourth quota-based around expect some and November anticipate to later than be determination with hopeful U.S. negotiate continues the of agreement. resume We will year-end over quarter remain closely U.S. to to released we financial to we regarding our coalition will of and no outlook. to XX. items The now Department work Russell I will it a the
