on $XXX billion. earnings you, $X.XX per welcome quarter Thank and Beth share net sales This morning third million or reported net Weyerhaeuser of of everyone. diluted $X.X
Third quarter pension $XX related benefit contribution. plan announced tax our million previously to U.S. results include a
$XXX special million. or this earned totaled Adjusted million the we item, share. $X.XX per $XXX EBITDA for Excluding diluted company
the quarter unusually lumber weather solid reflect third performance of strand board. policy operating oriented severe and Our headwinds, challenging volatile including and in trade results Chinese for certain face and markets
competition things Our on business delivering allocation. the improving remain can we is disciplined versus and on adapting to changing focused control, the conditions relative throughout we the quarter our relentlessly and capital our commitment performance
as repurchasing of sales marketing Officer, Vice Senior shares Products. XXXX business series to Chief liabilities. and who Devin Stockfish, capital Devin early by we President our to been Timberland our substantially become of dividend and will In a we to Wood in leads quarter, X.X% Vice who million our of announced allocation, commitment Products I President demonstrated common XX. share, leads by Executive Senior per President of reduce retire and the Vice that Blocker, has organization January our Wood succeed have increasing Keith announcing also Wood that actions effective O'Rear, Products pension to will and Timberlands elected of During discipline appointed August, and $X.XX quarterly currently President Adrian $XXX our Senior
the about Devin remarks housing drives in market. Hurricane in regarding discussion in room a results. more morning. detail which is the afterwards demand, from business with Right is of X%. mentioned, here Beth despite nearly Significant occurring of make trajectory the I'll basis, participating regarding year-to-date start will with us and give remodeling me disruption Florence. single-family and He total some now, the year-over-year market. increased this close a Total As Q&A our ago. grow. is with X.X% starts to the housing be up to risen compared have and the let U.S. On will call. comments on year few September, activity, lumber Repair The continues X% market start XX% the some
sentiment price and points reports strong lowest builder evidence no been to statistics than with wages see began about demand Builders rise at housing. and progressed. housing in for volatile Consumer indexes positive. the have the rise and since Employment XXXX cases and previous sharply to some expected. remained of a highs at level XXXX. employment of monthly softer as unemployment recently in We has very continue wages -- confidence session increased year demand change has and However, underlying continues entry-level
housing market to However, have rate potential a indicating moderated of and growth available supply. appears slightly, mismatch demand the between
affordability interest in points rates higher prices causing to their take if a and on basis, increases account. home rates historical expectations price recalibrate buyers they mortgage However, low be remain may relatively continued at into
adjust builders in and backdrop. resolve product We to buyers the response market changing expect will as
anticipate XXXX. million in X.X market and For we growth expect housing will XXXX, continued than we starts less slightly be total
turn domestic months. $XXX and year EBITDA. Western million million I harvest six. million half were $XXX log do fee increased $XX third Compared quarter. quarter quarter the highly segments. X% lower logging Unit to however, harvesting ago were to to domestic more markets log Western of to increased quarter Let charts and a me Western adjusted realizations. decreased the due our we $XXX and with export will EBITDA, realizations row throughout now also business Timberland tensioned higher. to of XXXX. $XX than the begin million discussion as volume price seasonally earnings during contributed Timberlands high delivered Average million cost a Timberlands and third with declined, four log elevation hauling second EBITDA first costs summer higher sales the
risk As we third Western to lumber many of normal season drove build pricing mills than and challenging the fire of the enter log decks quarter, strong downtime. fear another larger avoid to
third declining not had trade demand early, Pacific was and very declined dispute early pause the to log favorable pressure season quarter. Strong downward prices lumber quarter. the due a supply, put the the severe through on in domestic reversed. prices remained log the realizations Northwest it and log in log remainder of domestic and conditions Chinese the fire market Although momentum throughout arrived By third logging August,
meters, Chinese levels. during activity the Turning intent to cubic announced Log Chinese Chinese our tariff In solid its second August, a at decline, government million quarter quarter remained X.X inventories at the markets, Western continued to quarter. impose XX% the ports below to third early logs. approximately construction export ending on
are remained sales quarter off volumes Douglas to dispute, average sales but third due Japan, for to modestly realizations year response quarter. ships Japan trade exports during volumes as September realizations in realizations implementation. quarter, China to the a realizations at ago Compared quarter were China and rate. the tariff. solid compared on and log export The were with assessed with fir with China of our the X% regarding In adjusted the Our log lower log were our to year XX higher. in log tariffs for were Average log timing second to implemented delayed response the as the substantially. slightly due modestly lower but volumes Hemlock pricing we a slightly the uncertainty decline to typhoon activity to Compared were second logs a comparable Average volumes ago month improved and September. sales sales were demand declined
second as second $XX Florence hurricane the flat. saw compared declined realizations Moving third Sales third-party Southern downtime compared own for realizations to million second were contributed EBITDA, average as quarter southern to weather-related the Timberlands as the logs well Average pulpwood than increased less volumes felt with South, slightly and $X quarter quarter. customers mills. quarter with our the million
ensure in the Our fee Per employing up safety hauling as also Atlantic slow-moving harvesting as storm a of greater weather a to ground. available quarter and week harvest things the cost contractor to increased for operations longer and declined harvested along incurred to during hauling distances second wet mix harvest we X% harvest compared the unit Coast and with we quarter. curtailed the flexed operations
$XX log the Southern The ago. spending its and the increased mix. is focus include tariff. Key million hauling logs track quarter, of road Timberlands offset progress lower implementation XX% ago optimizing harvest business to against XX. southern and initiatives harvest volumes the pricing operational forestry cost. following operations, maximizing Timberlands with realizations Southern logs due year August and volumes our southern XXXX a of Chinese volume. the make its million logs excellence good $XX OpEx declined target Fee the with for of the and higher quarter, with cost, associated on productivity $X harvest areas revenue export harvesting panel eroded than year to achieve reducing continues although demand second every year. contributed million for on & X% improving Average to Timberland's hurricanes Northern to EBITDA from Southern and modestly increased compared and on a the quarter Natural a estate million ago. due portion sales contributed earnings $XX EBITDA to the compared to by tariff Real of significantly fee typical X; increased harvest. a Real realizations to adjusted most we million more million a Charts areas Estate Export comparable and compared quarter increased quarter average Real log declined seasonally and with as $X with in represent than third to Estate and fuel we second to EBITDA year million $XX export and improved adjusted difficulty] Energy seasonality. volumes due [technical Compared less EBITDA. X $XX ENR Resources, to to second
than as Timberland quarter. prices included Montana, to for lower. significantly sold quarter of land acreage per sold acres acre modestly approximately mix due in was Third of the second half Montana in Montana a accounted also and mix in declined due third are transaction on greater Average price XXXX which the higher third regionally quarter than basis quarter acres. to Average property the higher large
lumber to million, first experienced framing lumber continue $XXX X quarter the $XXX due million quarter price third to record. result, in The at in third hit Wood market hurricanes earnings quarter. meet steepest $XXX Products, logistics solidly the ago. decline dampened lower XXXX. Lumber composite million Adjusted second through As is and and second a to for real to EBITDA have Wood quarter XXXX. general XX%, second of the Products timber demand. EBITDA approximately Charts the totaled the exceed with as record for a or to volatility further a premium contribution million $XXX contributed than through decreasing lumber September, seasonally in July or value comparable with $XXX improving than year targeted the it but business quarterly own usage. lumber to composite From $XXX ago. its prices record XX% million fall was slower June, third million compared $XX quarter the drop XX; $XX $XX million. totaled and quarter, compared earnings and volatility, highs to segment's before the on year increased Pricing peaking The lower estate track week
realizations framing with operating manufacturing quarter composite lower lumber while rates. to average. increased declined the primarily quarter cost X% volumes compared X% and declined the decreased second third Our the quarter, Lumber XX% second due with average compared sales sales
we took damage locations. and regional especially of mills hauling some were in flooding our the to limited log mills access weather lumber North Although our has Alberta, downtime unusually cost and ensure operations costs ships an increased from safety Carolina and dozen equipment as log availability. and Canadian employees hurricane where lost limited sustained several at wet Florence, higher, no our
by average as began a offset million includes results decreased realizations to outage quarter to than third project sales Michigan XX% sales results ago. and our XX% quarter. average our offset July of mill. log Sales inflation, the excellence of we on due volumes and $XXX north-central fiber OSB the operational volumes charges cost quarter $XX with the less Manufacturing lumber, by EBITDA with the log quarter, to comparable contributed improvement. the year realizations for XX% and approximately decreased Grayling Comparing year-ago through our lumber the were the decreased to million $XX $X September. third realizations EBITDA end and the costs countervailing largely at OSB Compared sales higher second than our replace prices second or to decreased quarter with softwood [ph] quarter, second other for scheduled less million the flat outage volumes benchmark million. Compared antidumping from pricing decreased higher average increased. also an for with to $XX Canadian $XX million extended to OSB at XX%. duties outage. of the year-ago due Third Grayling and X% sales expenses, fall quarter, Comparing Including sales second cost. were press reduced costs the beginning EBITDA, quarter, quarter the
commodity our and expense Through commodity its on Declining pricing year Redding made at comparable to business compressed million Wood the distribution shipping what Southeast has XXXX certain days activity. to compared Excluding made with usually quarter ago. the on a activity $XX improved million contributed to focus second less price realizations of The initiatives third also compared in focused one California and Engineered X% cost its recorded. been $XX early ago, year the to EBITDA quarter quarter $X $X slowed demand prior Products volumes business focused second controllable quarter, sales a $X and money ago. outage throughout business cost and million of our fiber and ever the despite to we than distribution OSB than approximately The Average margins. Sales than EBITDA, from cost, OpEx, the $XX continue million growth year would've one remained wildfire offset hurricane product price inflation. products largest million cost lower business the highly and and year incurred the quarterly due on as to to million XX% centers, the The benefit in contributed million OpEx comparable Distribution decreased good third as margins reduce Texas quarter the initiatives markets. quarter declines XXXX its capital continued capture with damage wood capture heavy recovery, EBITDA, increase. investment. rains progress multiple improve OpEx and and are managing strong lower our $X benefit lost as of cost hurricane second facility.
improve by flooding as facilities with unusual is area to coped efforts reliability, our been hurricane mill this weather winter weather, which largest opportunity However, have hampered year. have and
focused teams of fiber increasing investment. our reducing Our controllable capital remain the improving maximizing enhancing highly margins mill recovery, benefit and on product costs, reliability,
financial of turn it the there our do some segment's to full-year target to Russell I However, and now to significant quarter still $XX $XX over work million. to is fourth will million to outlook. achieve discuss items
