Weyerhaeuser Company stock research
FY2024 Q1
Weyerhaeuser (WY) Gross Margin — Quarter Ended Mar 31, 2024
In the current quarter, revenue and cost of revenue were stable compared to the prior quarter, while gross profit increased, leading to an improvement in gross margin. Compared to the same quarter last year, revenue and gross profit were lower, but gross margin was slightly higher as cost of revenue declined proportionally more.
Gross margin takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
In the current quarter, revenue and cost of revenue were stable compared to the prior quarter, while gross profit increased, leading to an improvement in gross margin. Compared to the same quarter last year, revenue and gross profit were lower, but gross margin was slightly higher as cost of revenue declined proportionally more.
- The strongest observable driver of the gross margin improvement was the increase in gross profit relative to revenue from the prior quarter, with revenue remaining stable.
- Gross margin improved compared to the immediately preceding quarter and was slightly higher than the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
19.8%
Gross profit
$355.0M
Revenue
$1.8B
Cost of revenue
$1.4B
Quarter-over-quarter change
+0.5 pts
Year-over-year change
+0.1 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 |
|---|---|---|---|---|
| Jun 30, 2023 | $2.0B | $469.0M | $1.5B | 23.5% |
| Sep 30, 2023 | $2.0B | $502.0M | $1.5B | 24.8% |
| Dec 31, 2023 | $1.8B | $342.0M | $1.4B | 19.3% |
| Mar 31, 2024 | $1.8B | $355.0M | $1.4B | 19.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2023
+0.5 pts
Year-over-year change
Mar 31, 2023
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver of the gross margin improvement was the increase in gross profit relative to revenue from the prior quarter, with revenue remaining stable.
Gross margin improved compared to the immediately preceding quarter and was slightly higher than the same quarter one year earlier.
Monitor the relationship between cost of sales and net sales, as it directly determines gross margin.