$XXX net Thanks, billion. you Andy. quarter joining thank million Good sales per us. of for or share diluted of everyone, reported $X.XX Yesterday, $X on morning, and Weyerhaeuser earnings second GAAP
the special sales per $X.XX XX% in second million pricing quarter. items, This $XXX EWP wood and largely products increase diluted commodity in share. from quarter $XXX we a million Excluding EBITDA totaled driven by the first strong or is an volumes. and was earned Adjusted increase
continuing for delivered elevated and Wood the quarter, we've on been encouraged tailwind homes this serve efforts focus to for business by customers. to Products Notwithstanding and and solid our We safety, thank year, results which like mortgage in second collective a I'd nice demand quarter. for in provided operational teams their resilient rates, new our the excellence, our
we Before earlier to briefly this into comment on a moving business completed Timberlands transaction results, our like I'd month.
stock of and With million. with generate inventory, deliver in we yields. these we This strong to acres existing strategically located synergies well cash Mississippi $XX to timber expect approximately class a quality highly Weyerhaeuser yesterday, high timberlands XX,XXX Timberlands reported we timber and age operations. acquired productive As acquisition timberlands mature mill is comprised immediate for of
timberlands example a This the our offers climate Additionally, returns of high to enhance solution natural that in managed is the incremental acquisition efforts transaction opportunities our our for with great generate real future. ongoing well solid portfolio and estate shareholders. quality,
Page investments acquisitions continue progress of grow disciplined Carolinas portfolio on billion this Washington, the recent To against $XXX $X date, target, XXXX of the to against the and in and deployed XXXX. highlighted which through and XX approximately our earnings Mississippi As make in between to timberlands XXXX. slides, our were great we've our target transaction completed million including we
quarter second million, on lower to $XXX for our million the quarter This to driven now contributed through with our export quarter. X X sales average million Turning to starting earnings. Pages second of Timberlands EBITDA first west. results, decrease Adjusted was logs in by was largely Timberlands earnings the slides. compared $XXX $XX realizations business a
a quarter across during wildfire weather normalized the levels to the comparable market. result, quarter, western conditions the domestic took Turning mills log realizations domestic in Favorable inventories kept to Log as quarter. measures increased stable season. first strengthening the to prices during supply of These second our demand bolster were ahead the prices precautionary log in region. fairly and quarter. to to improved operating lumber And the dynamics response average later more sales as log supported returned
quarter domestic we log and sales margin unit Per higher to and than volumes as the of the volumes intentionally second the fee were Domestic higher. costs operating were favorable logs result haul customers costs Our conditions. significantly higher improved shifted capture were forestry road to harvest slightly first seasonally quarter as in a and higher opportunities.
in of driven reduced second response lower housing the imports Moving to post-and-beam consumption continued to our by log Japan, inventories in Western elevated as as In markets business. lumber activity. soften European Export well quarter to
the volumes our first export for realizations sales sales were average compared volumes our to result, quarter, Japan and lower a As to comparable. were
look demand normalize to the Spur should our in we coming the logs expect Douglas European months, increase forward, which in Japan market As for year. later in inventories into lumber we the Japanese
the of combined softened with response log ports. markets to quarter log New second at in Zealand influx from an in supply in the takeaway log China, In the reduction
were As our result, export volumes to average realizations for a sales first compared quarter. to the China lower
Our to sales market. flex as we logs domestic volumes were intentionally significantly lower the
for Turning $XX to compared was slight quarter. the south. the Timberlands Southern to first reduction a Adjusted million, EBITDA
supply conditions weather-related the log Southern in log sawlog and the bolstered balanced quarter markets fairly drier challenges mills second inventories remained in first improved following as with quarter.
goods paper elevated end finished for In at contrast, products. inventories market, mills to Southern response as in logs well overall of in markets as and demand lower and fiber softened pulp
in Given conditions, resulting favorable operating quarter, locks. of increased mix a second in fiber activity the higher our thinning
million our were higher. to $X sales result, by Per compared slightly to haul first first seasonably associated and primarily adjusted the due were forestry our realizations costs quarter, volumes and spring seasonal significantly were sales In conditions. harvest a EBITDA prices slightly breakup As North, quarter fee unit road and and fuel were due the to compared average lower lower to with lower the comparable. log volumes lower, costs decreased
sold. second elevated to largely in quarter, significantly by and estate, decrease increased of was $XX mix $XX the levels. estate quarter quarter per to a energy million second and compared properties the earnings. compared and acre price historical real Real natural and now and to ENR Average $XX resources driven the XX timing first remains contributed Turning million million, Adjusted Pages on XX. to EBITDA
demand to continue resulting significant HBU with high from timber We value. benefit for value to transactions properties, healthy in premiums
our business. on a Solutions make Climate Natural now I'll comments few
We May. expect Carbon completed approved, pilot submitted to project and we we're year credits audit developing third-party in U.S. the one, In our the continue two Registry additional project the projects of in carbon process currently approximately in quarter, progress second approval. final issuance American and an forest Once to initial XX,XXX the for the on make we
the capture credits highest positioning to our value in South. marketplace. We possible remain the focused on
generated in the earnings of Products Wood and $XXX second through Wood $XXX million Moving quarter EBITDA. of to adjusted on Pages XX. million Products XX
and in Second and OSB an lumber XX% first sales was volumes quarter an EBITDA by engineered largely from strong products. realizations increase for quarter sales wood the improvement driven
EBITDA with realizations. quarter, the pricing million sentiment as million lean cautious. inventories. mostly Adjusted in driven sales stable $XX largely to a Buyers Starting orders by $XX the purchases improved and quarter over lumber necessity held prior increase May lumber. for was Benchmark April second despite and in fairly remained limited
activity response risks By to from pricing and Canadian housing sentiment activity, mill buying perceived improved June. and announced to mid-June, in overall bolstered stronger curtailments in also supply wildfires benchmark
while with the relative quarter, was increased driven realizations X% our and For composite to framing by comparable mix. by sales lumber first the average regional outperformance mix the our the quarter product
to to normalized the volumes costs operating lower, sales higher Our Log moderately higher primarily for were quarter. logs Western compared levels. slightly mills were returned were costs first during our Northwest slightly as and manufacturing quarter more unit the
$XX from related OSB for quarter and entered unit new compared activity. unplanned first EBITDA quarter, largely primarily trajectory, planned to downtime. pricing, increase by lean driven increased offset the by Adjusted upward Benchmark million manufacturing home the higher to second inventories on demand the by due pricing commodity OSB construction steady and an costs to slightly in for
and response pricing benchmark and supply activity. sentiment continued residential construction disrupted improving to Canadian to buyer progressed, quarter the in improve wildfires as As
the As quarter. first compared a the composite OSB increased result, pricing by to XX%
largely a which sales to due Our realizations difference relative increased in result order effect realizations. for This XX%. average was extended our files, lag by OSB
in unplanned production of lower annual second improved costs downtime a and manufacturing period moderately the one and Alberta. temporary related to were planned quarter sales for the volumes wildfire costs Our higher near and slightly moderately during quarter. Fiber maintenance unit to activity facilities in our due were of downtime
Engineered improving adjusted demand are is This compared XX% primarily for or tied in home to applications. Products the EBITDA million first EWP $XX products Wood quarter. directly used single-family increased by building result to which
in volumes As for our solid I-joist significantly costs second and result, were manufacturing for unit products sales improved production significantly and the quarter products. a section higher and most
above and Raw across market. continue That decreased to levels. worth said, products products average broader all costs our EWP quarter. most remain prices lower our the pre-pandemic the were realizations supply demand that second as material rebalance noting in EWP current It's sales for for
a by benefited compared business first quarter. the sales Distribution, in volumes $XX adjusted second the quarter, as improvement EWP EBITDA increased strong In million XX% from the to
financial turn to over to I'll call that, third Davie our some and quarter the items discuss With outlook.
