All diluted joining of sales net right. thank billion. earnings and This share of Good million $X.X third you everyone, or $X.XX quarter on us $XX Thanks, net per for morning Beth. morning, today. Weyerhaeuser reported
$XX to or totaled special benefit $X.XX net diluted we million $XXX share. per a million Adjusted EBITDA earned $XX from Excluding million. items,
performance conditions. to our deliver Our I'll a business results. challenging into And despite strong businesses dive moment, in continued operating market
segment. activity starts But, succession. the set five third stage brief the quarter, with in housing the by in to market. on have U.S. led now stronger comments increased me housing activity single-family the and first, important continued some Single-family months let permits improve in for
which adjusted single-family seen haven't we since September, months back-to-back XXXX. and seasonally Additionally, August starts exceeded in XXX,XXX in units
in quarter compared the first. Total U.S. and the quarter million in the also housing million third X.XX have X.XX totaling X.XX million starts with strengthened in second
to current low. Consumer surveys and remained at continue solid a and late for XXXX. more straight the significant affordable is unemployment look sentiment significantly highest four conditions. hovering housing. housing improvement product months for indicators Wage As increased demand at And Mortgage serve growth the confidence in level XXXX. sits near are builders rate forward, February ship to future positive than Homebuilder since X.X% has to continued the rates lower many indicate we a XX-year of view point and activity.
housing a side continue burdens supply housing availability challenges several to face and Builders remain. including headwinds to seek said, market. they of affordable That bring as for to labor and regulatory lot series
regarding economic could is sentiment. for a degree growth outlook the that U.S. impact of Additionally uncertainty buyer there
will affect While to these housing that challenges outweigh we supported continue the market, fundamentals believe the the headwinds.
weather the fourth improve continues their and us strong builder intend permits. maintain our tell to winter customers to Entering no quarter, they building activity demand longer until
year, anticipate modest the momentum we into and housing. Going to a U.S. growth trajectory increasing for continue in next housing market single-family
the earnings EBITDA business to to and now due our $XXX X discussion third average harvest Turning export EBITDA. decreased million adjusted lower contributed logs. quarter I'll with realizations $XX for results, by Western the charts Timberlands through to second compared and third lower million volumes $XX to quarter quarter begin and Timberlands million seasonally with X. Timberlands domestic
mills higher harvest domestic season. seasonal volumes summer decreased third to market X% haul supply. summer during shift the elevation compared peak Western increased year second months. typically also fee to as in costs logging In for fire entered full Log quarter Western ago, intentionally during wood with we with brought less the XX% and compared and we with the market, preparation in as the inventories quarter the
logging However, no conditions was Northwest, summer fire favorable. normal Pacific notable as in there weather than wetter was the remained and activity
quarter. lumber with and pricing through to supply modestly and rainy landowners in began arrival but remained at tightened to increased season for log up and August, seasonally log July their log and brought demand September Log the started Log to the through market comfortable trended mill at lower logs August. prices nonindustrial firm months, summer in private fall of supply as as increased pricing end early the fir Domestic the of the improve. Douglas decks levels
Moving up to X% were year-to-date. Japan, housing export the markets, post-and-beam starts in
our sales sales rates pressure solid. unfavourable for lower, lumber remained products were quarter and third due second fir pricing log Average realizations quarter. exchange Douglas volumes from our modestly comparable U.S. foreign to customers' trends. to Demand And domestic to Japan the were
China, by during and Douglas generally totaled cubic In demand the and of second at X.X third steady decreased logs, quarter, quarter. overall million the for log inventories remained with our meters Chinese end compared the fir XX% September. hemlock
this to pricing quarter for our for of third to competition and mix to from timing priced to our hemlock sailings. Japan was with export log Douglas Our the but due vessel second China logs, species, -- Average China sales due realizations quarter, fir. modestly and lower compared volumes increased, primarily pressure decreased which
quarter year lower the third were to to logs. our log And quarter, lower realizations lower sales Japan than ago and volumes due export moderately Overall, China. China for revenues
year Western a than a For as EBITDA prices Timberlands due significantly for whole, logs. ago, lower domestic lower and export is to
higher increased as quarter, harvest were $X with offset compared spending. EBITDA seasonally by forestry the the to Southern partially Moving million Timberlands fee higher by volumes South, second
weather and quarter log good resulted across this drier strong Third production quarter our was second in southern operability, than generally regions.
X% the the improved caught Our postponed weather, also activity we on up fee benefited wet harvest this earlier and during conditions from unusually volume thinning year. as increased
quarter, fiber X% proportion as logs in resulted of second mix Southern increasing our logs. with for activity to the realizations decreased due compared thinning higher a Average the
Realizations improved for remained our fiber logs to realizations in to comparable due second the conditions. sawlogs quarter. wetter where were strong increased relatively Southern due mid-South, for pricing the our to markets Average
in of volumes harvest On operating the pine export Southern Chinese of customers. the than X% are, fee since export minimal logs applied at yellow X.X% to our our been have were Less volume expert sold to Southern side, business XXXX. we Southern tariffs
quarter Southern EBITDA increased average and year higher volumes. overall by with ago sales harvest the Timberlands million, to fee higher results due $XX Comparing realizations, log
northern seasonally, EBITDA emerged $X the comparable ago. volumes Timberlands the operations second and increased spring harvest compared with a as Northern the break-up. year Compared quarter, by fee to was second million from with quarter, increased
and Resources third to $XX million Real and Natural quarter and and contributed $XX ENR Energy earnings, EBITDA. to Estate adjusted Real charts million estate eight. seven
a Third ago. $XX year million second was quarter, lower EBITDA million and than than quarter the lower $XX
decreased number significantly the and compared ago expected, quarter. sold year of the second the As quarter, with acres
previously real first toward As most of our we sales in the XXXX third XXXX, and heavily are of weighted our in the half quarters. year, occurred estate indicated, whereas the fourth sales
times the Average the second due were price quarter quarter roughly per XX% mix. third Approximately of our acre was and quarter, that two the sold West. of ago in South acres year to and geographic
in XXXX, and XX. and regionally are where half charts of over contrast, the were Timberland in Wood Products acres nine located prices second In Montana, the sold XXXX, quarter of quarter third lower.
quarter realizations contributed third items, and quarter, Wood $XXX were our million products. earnings Earnings before to flat to average EBITDA EBITDA. comparable special to million on commodity for second $XX nearly the adjusted Products and
in for quarter, of to due course lumber then reduce $X mill reversed housing and the incremental began increased as declined lower announced activity Southern Western the curtailments outset EBITDA Lumber previously demand, drove supply. third log improved million costs. at mid-August to pricing and
On lumber X% second. third in composite increased price compared framing average, the the quarter with the
log of is average Yellow to heavily lumber production the to mix quarter as our second Our comparable more Southern weighted Pine. -- were realizations
with quarter volumes quarter. Third the flat second were sales
even quarter our lumber again Southern Our this hurricane-related well operations. very some downtime with mills ran modest in
was results in due increased to to quarter, and sales preparation decrease costs with by lumber downtime year EBITDA lower offset hurricane realizations, for a well significantly ago as manufacturing manufacturing third that the activities. XX% partially lower as lumber costs. due Unit quarter log average slightly Comparing
fiber increased quarter EBITDA Canadian third million $X by the softwood OSB, with second unit of and for for compared charges antidumping duties EBITDA costs. includes lumber. of quarter the In to on manufacturing XXXX lower $X countervailing due and million
with third by region. As pricing quarter lumber, vary OSB
Although The several OSB all regions significantly the third producing composite pricing materially was in with second. lower. the third north region central in during quarter price the which benchmark pricing trended regions flat quarter, in compared the other increased includes
with line Our proxy a third quarter which mix. our price is composite for better realizations the OSB trended geographic in
Our scheduled offset quarter in OSB to by due the volumes quarter our was to XXXX. production comparable quarter, decrease volumes as sales the third EBITDA a press sales down replacement our a and results ago Grayling XX% Comparing significantly Michigan for of average second was sales in to higher year third mill lower realizations, partially the quarter. were
with the million Engineered I-Joists decreased and second Wood X% due by products by to quarter with $X geographic solid Products realizations quarter. second for were sales and flat product the Average compared mix. EBITDA average section decreased realizations for
the I-Joists to volumes Sales increased were for volumes increased X% products production second X%. quarter. and solid section for volumes comparable Sales
mills scheduled maintenance annual XX% section two our at down continue shutdowns inventory production build. first Solid to and quarter draw we as completed declined
increased strand logs costs scheduled shutdowns. to lower and manufacturing board these resulting maintenance operating from per higher rates lower due costs oriented in declined stock. Fiber web expense cost to Unit due
Distribution oriented higher year second for EBITDA Products per quarter, to to EBITDA was ago Compared the comparable due than and due with the margins. board. cost significantly logs and year Wood increased improved Engineered to lower strand ago quarter
quarter Products be one cost to from have by of insurance. we we insurance benefit $XX for pretax of recoveries expect of Third $XX insurance significant a a proceeds our results remediation. remediation million special To-date Wood Jacket related and item received covered Flak product the will to include portion million continue
turn now to operational to like excellence. I'd
excellence million Our achieve to progress million. to to are XXXX $XX businesses continue and target $XXX on we operational of make good track our on
and focused spend, merchandising, on reducing costs, operational excellence and have improving our log all Year-to-date growth silviculture hauling efficiencies across timberlands been and initiatives geographies. in log optimizing marketing
initiatives In mix, our costs, controllable our log focused on our operations. high-value across increasing OpEx and product Wood improving Products, are our reducing manufacturing recovery
business value. exceed to timber Our is premium estate targeted also or meet track XX% real to on its
to items to quarter now Russell I'll over our discuss financial outlook. it fourth turn some and
