Weyerhaeuser (WY) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined sharply compared with the same period a year earlier, but rose modestly from the immediately preceding quarter. The sequential improvement follows three consecutive quarters of declining revenue.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined sharply compared with the same period a year earlier, but rose modestly from the immediately preceding quarter. The sequential improvement follows three consecutive quarters of declining revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+3.2%
Change from the immediately preceding quarter.
Year-over-year
-39.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3B | -5.4% |
| Sep 30, 2022 | $2.3B | -2.9% |
| Dec 31, 2022 | $1.8B | -17.4% |
| Mar 31, 2023 | $1.9B | -39.6% |
Revenue performance
Reported revenue moved lower on a year-over-year basis, reflecting a significant drop from the prior year's level. The quarter-over-quarter performance showed a slight uptick, reversing the prior quarter's decline.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased by a small margin. Versus the same quarter one year earlier, revenue was substantially lower, consistent with the broader downtrend visible over the trailing four quarters.
What to watch
With revenue still well below the year-ago level, the pace of sequential recovery will be a key factor to monitor in coming quarters.