Weyerhaeuser Company stock research
FY2023 Q3
Weyerhaeuser (WY) Gross Margin — Quarter Ended Sep 30, 2023
Revenue was unchanged from the prior quarter but lower than a year ago. Gross profit improved sequentially while declining year-over-year, and cost of revenue was stable sequentially and lower year-over-year, resulting in a gross margin that improved from the prior quarter but weakened compared to the same quarter last year.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue was unchanged from the prior quarter but lower than a year ago. Gross profit improved sequentially while declining year-over-year, and cost of revenue was stable sequentially and lower year-over-year, resulting in a gross margin that improved from the prior quarter but weakened compared to the same quarter last year.
- The sequential improvement in gross margin was driven by a higher gross profit relative to revenue, as revenue remained stable and cost of revenue was slightly lower.
- Compared to the prior quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
24.8%
Gross profit
$502.0M
Revenue
$2.0B
Cost of revenue
$1.5B
Quarter-over-quarter change
+1.3 pts
Year-over-year change
-0.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $1.9B | $369.0M | $1.5B | 19.6% |
| Jun 30, 2023 | $2.0B | $469.0M | $1.5B | 23.5% |
| Sep 30, 2023 | $2.0B | $502.0M | $1.5B | 24.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
+1.3 pts
Year-over-year change
Sep 30, 2022
-0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential improvement in gross margin was driven by a higher gross profit relative to revenue, as revenue remained stable and cost of revenue was slightly lower.
Compared to the prior quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin weakened.
Monitor the trend in cash from operations, which decreased due to lower cash inflows from business operations as noted in the filing.