diluted Thanks, you quarter share for sales Andy. of reported thank $XXX second everyone, GAAP Weyerhaeuser Good and joining earnings us. per million on $X.X morning, net billion. Yesterday, of $X.XX or
operational we our notable for Items, of a XX% million, $XXX our the continued focus compared $XXX particularly solid results, like earned each improved of EBITDA market-related quarter, $X.XX segments prior challenges, and first performances. EBITDA adjusted are million a Adjusted share. per and market. numerous quarter.
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Before exciting getting comment growth to Timberlands into an the businesses, briefly opportunity Southern on I'd like portfolio. within our
strategically and sourced represent strongest U.S.
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expected per to they're Southern flow harvest cash tons addition, generate and our within business. In acre leading portfolio Timberlands
of our target. earnings completed we've of Timberlands we and end of XX highlighted against toward will our acquisitions slides, to Timberlands $X meaningful growth Page track million $XXX billion on reach progress target demonstrated strategic As our approximately XXXX. on are Including by these have the transactions, multiyear
largely in domestic the our with Turning our now quarter, business of X improvement on faced volumes earnings X $XX $XXX continue to market, quarter slight a I'll inventories Western the a downward slides. market. million was and contributed navigate first carried Timberlands as quarter quarter elevated prices driven second West.
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addition, In improvement the ample log and weather conditions reduced was recent in seasonal given mill takeaway curtailments in region. the supply log
result of these slightly domestic compared the sales a quarter. realizations As first average to dynamics, our decreased
markets. and and and Per Given and favorable as were costs were improved fee end despite our our slightly domestic road demand logs higher, sales stable unit harvest increased moderately operating conditions, volumes for costs higher. forestry softer remained volumes log haul
has steady. to shipping and were market second to an face for headwinds, opportunity to Moving provided share. European Japan pick the quarter, export continue customers in Suppliers business. Japan and logs in markets up our into Western stable our our demand lumber was cost Log which of
inventories significantly the customers holiday partially log the progressed. due was On increased and and from realizations For quarter volumes balance, to volumes increased log to our our our in timing the second the strategic we slightly. sales consumption declined China quarter.
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average quarter. Our sales compared to first realizations were lower the slightly
Southern was to EBITDA Timberlands the comparable Turning first quarter. to the Adjusted South. for
region. moderated to contrast, seasonal elevated response the markets steady demand pricing balance, logs stable a in generally consumption given Southern inventories, across state. log lumber.
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the a As first to result, were comparable realizations quarter. our sales average
road comparable.
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business, high-value Solutions the now Turning driven premiums business.
In make increase partially Estate, Pages first benefit Climate value. compared second a million timber royalty the That $XX to of Resources income our solid Natural to Energy and to million with an properties, now Natural comments demand from said, on our transactions due within to Resources few the brief Adjusted quarter.
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potential covering solar U.S. agreements continue acres across agreements large-scale XXX,XXX solar We the over development demand we quarter. than additional for the see and signed in second to more XX total, In projects, have strong for now
South.
Turning Forest Carbon. to
X the projects in and new projects development U.S. through are several the expect advancing to pipeline We have
year. XXXX. are in These generate projects, with our approved in later this over project, pilot South to main XXX,XXX credits combination expected
are encouraged we're to positioned the capitalize and forward, growing increasing high-quality markets voluntary the for for carbon Looking demand by credits. on support uniquely
XX. Moving on Pages Products to Wood through XX
in improvement quarter, largely contributed to lower $XXX an increase was lumber million, by well sales million costs Products OSB in second higher as with over quarter and Items, a first EBITDA Adjusted Special EWP.
Starting lumber. Excluding Wood pricing as volumes the earnings. driven the XX% and $XXX
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As the buyer a lumber remained supply cautious in to and second outpace result, demand sentiment quarter. continued
larger dynamic South regions. compared Pine treater are in given this felt in to American Southern lumber is Yellow acute the and markets North in the being other it's softness demand, which Although proportionately more across been market, multifamily
lumber the average quarter. by decreased second For sales our business, realizations the X% in
in disruptions first Our costs quarter. costs higher, volumes were manufacturing were production quarter. lower in both Unit moderately sales and due following winter to log increased the partially the weather second
recent operations given Before few I'll indefinitely local comments on in our our moving and families the community. These employees, decision curtail to their impact Carolina. make a New sawmill difficult at North always on decisions the Bern, OSB, to are
did we this So take not decision lightly.
at Bern. smallest haven't across other New the facilities Bern capacity.
Unlike invested variety set portfolio reasons, is a mill in in meaningful of we million board feet New our capital XXX of for mill our
the its current environment. structure in making So cost very relatively was difficult pricing challenged, it
with New mill to sufficient running. with to achieving we along keep financial variables, timberlands, fee the integration a path Bern's limited didn't these results Given our clear see
As opportunities down the years. fully support the operations do to third over company thank mill to transition expect to for as their the community other a curtailed the commenced in of our impact Bern team our services the We're providing the of for orderly employment of local want operations affected well by wind employees. parts in as minimize to an working or and result, curtailment quarter.
I the we've to contributions New be their
As we are efficiently set, focused remainder and of controlling the for on our very running costs. mill
of firmly customer relative reduce Given integration cost X% ingrained cycle set expect of on operate we that the conditions, place better deeply lumber curtailment. position New we continue lumber optimize and to and third is our portfolio our inclusive need commitments commodity forward, quarter. in take to as of positioned our we looking and This our through will the light OpEx production the evaluate most assess XX% operations. to believe Bern we're further we will to the our performance, current to mill market industry.
Nevertheless, broader than the the in culture by across And curve,
quarter, moved to now average relative [Technical files, first results average a demand and higher volatility, channel So steady OSB. was largely turning response the Difficulty] to realizations. sales for as OSB largely but realizations. in stabilized to to lower quarter This the began was XX% due Adjusted softer-than-expected the July. pricing by million the end compared for spring of significantly has were which our due this inventories.
Pricing elevated remained effect primarily X% higher. at season building into compared the quarter order levels, our the during EBITDA OSB lag OSB first composite length elevated pricing average to realizations the higher and quarter progressed Notwithstanding in to Benchmark difference quarter, while
the unit and $X EBITDA compared comparable slightly.
Engineered and increased first adjusted Wood were first costs production by Products Our to and sales manufacturing the quarter million fiber volumes improved to quarter. costs
slight stabilizing Given outset the market summer months. construction into in the before solid single-family seasonal second the experienced improvement a quarter activity, EWP at of demand
improved commodity realizations primarily webstock. I'll David quarter, products outlook. As Distribution, raw and our to I-joist, sequentially that, the some higher lower financial a sales products as and quarter by sales material items moved across discuss In for result, costs third margins to the first call compared all our sales were lower for second volumes solid related comparable for million manufacturing higher quarter offset higher were but in over section most.
Unit the decreased OSB costs to volumes.
With $X to turn adjusted and EBITDA
