WEYERHAEUSER CO Earnings Per Share Disclosure
Our basic and diluted earnings per share for the last three years were:
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$0.45 in 2025, |
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$0.54 in 2024 and |
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$1.15 in 2023. |
HOW WE CALCULATE BASIC AND DILUTED NET EARNINGS PER SHARE
Basic earnings per share is net earnings available to common shareholders divided by the weighted average number of our outstanding common shares, including stock equivalent units where there is no circumstance under which those shares would not be issued.
Diluted earnings per share is net earnings available to common shareholders divided by the sum of the:
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weighted average number of our outstanding common shares and |
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the effect of our outstanding dilutive potential common shares. |
Dilutive potential common shares may include:
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outstanding stock options, |
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restricted stock units and |
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performance share units. |
Calculation of Weighted Average Number of Outstanding Common Shares – Dilutive
SHARES IN THOUSANDS |
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2025 |
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2024 |
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2023 |
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Weighted average number of outstanding shares — basic |
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723,162 |
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728,398 |
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731,654 |
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Dilutive potential common shares: |
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Stock options |
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34 |
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109 |
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132 |
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Restricted stock units |
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150 |
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294 |
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201 |
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Performance share units |
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221 |
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156 |
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235 |
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Total effect of outstanding dilutive potential common shares |
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405 |
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559 |
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568 |
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Weighted average number of outstanding common shares — dilutive |
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723,567 |
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728,957 |
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732,222 |
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We use the treasury stock method to calculate the dilutive effect of our outstanding stock options, restricted stock units and performance share units. Share-based payment awards that are contingently issuable upon the achievement of specified performance or market conditions are included in our diluted earnings per share calculation in the period in which the conditions are satisfied.
SHARES EXCLUDED FROM DILUTIVE EFFECT
The following shares were not included in the computation of diluted earnings per share because they were either antidilutive or the required performance or market conditions were not met. Some or all of these shares may be dilutive potential common shares in future periods.
Potential Shares Not Included in the Computation of Diluted Earnings per Share
SHARES IN THOUSANDS |
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2025 |
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2024 |
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2023 |
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Stock options |
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— |
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607 |
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609 |
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Performance share units |
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833 |
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947 |
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706 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2018 | Feb 15, 2019 | |
| 2017 | Feb 16, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 17, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.