Welcome to our dedicated page for Weyerhaeuser Company news (Ticker: WY), a resource for investors and traders seeking the latest updates and insights on Weyerhaeuser Company stock.
Weyerhaeuser Company (NYSE: WY) is a leading global enterprise in the forest products industry, renowned for its extensive timberlands and sustainable management practices. Established in 1900, Weyerhaeuser ranks among the world's largest private owners of timberlands, overseeing approximately 10.5 million acres in the United States and an additional 14 million acres under long-term licenses in Canada. The company operates primarily in three business segments: timberlands, wood products, and real estate.
Timberlands: Weyerhaeuser’s timberlands are managed sustainably, complying with internationally recognized forestry standards. The company focuses on maximizing timber yields while maintaining ecological balance and biodiversity. This segment includes activities such as timber harvesting, land management, and sales of standing timber.
Wood Products: As one of North America’s largest producers of wood products, Weyerhaeuser manufactures a broad range of items including lumber, oriented strand board (OSB), and other engineered wood products. These products cater to the construction and home improvement markets, and the company maintains a strong presence in both domestic and export markets.
Real Estate, Energy & Natural Resources: Weyerhaeuser's real estate segment includes the sale of land for development, timberland transactions, and conservation initiatives. The company is also expanding its climate solutions portfolio by engaging in carbon capture and sequestration (CCS) projects, underscoring its commitment to sustainability. Recently, Weyerhaeuser signed an agreement with Lapis Energy to explore CCS opportunities across 187,500 acres in the southern U.S.
Recent Achievements: The company has launched several impactful initiatives, including the THRIVE program, which aims to invest in rural operating communities with a $5 million commitment. Additionally, Weyerhaeuser successfully sold its first forest carbon credits from its Maine project, marking its entry into the voluntary carbon market. The company also reported robust financial performance in 2023, with $7.7 billion in net sales and a strategic acquisition of mature timberlands in the Carolinas and Mississippi.
Partnerships and Innovations: Weyerhaeuser collaborates extensively with various stakeholders to enhance its operational impact. Through partnerships with businesses, nonprofits, and governments, the company supports community development and environmental sustainability. One notable partnership is with Be Pro Be Proud, which aims to educate students on career opportunities in skilled trades within the forest products industry.
Weyerhaeuser’s diversified portfolio, strong commitment to sustainability, and innovative initiatives position it as a leader in the forest products industry. The company continuously seeks to balance economic performance with environmental stewardship, ensuring long-term benefits for stakeholders and the environment.
Weyerhaeuser (NYSE: WY) announced a $500 million investment to construct a new TimberStrand® facility near Monticello and Warren, Arkansas. The state-of-the-art facility will have an annual production capacity of 10 million cubic feet, doubling the company's North American TimberStrand® capacity. Construction will begin in 2025, with operations starting in 2027. The facility will create nearly 200 jobs and is expected to generate over $100 million in annual Adjusted EBITDA at full capacity. The plant will include a biomass-fueled cogeneration system for electrical needs and will source most of its fiber from Weyerhaeuser's regional timberlands.
Weyerhaeuser (NYSE: WY) has announced the appointment of Paul Hossain as Senior Vice President and Chief Development Officer, effective January 1, 2025. Hossain will oversee the company's Real Estate, Energy & Natural Resources segment, including its Natural Climate Solutions business, as well as Business Development and Acquisitions and Divestitures. He is currently the VP of Natural Resources and Climate Solutions. Hossain will succeed Russell Hagen, who is retiring at the end of 2024 but will remain as a strategic advisor during the transition. CEO Devin Stockfish praised Hossain's 18 years of industry experience and significant contributions to the company's growth in renewable energy and carbon capture projects. Hossain expressed excitement about leveraging the company's integrated forest products capabilities to grow the portfolio's value and enhance the company's positive climate impact.
Weyerhaeuser (NYSE: WY) has declared a quarterly base cash dividend of $0.20 per share, payable on December 13, 2024, to shareholders of record as of November 29, 2024. The company maintains a cash return framework targeting 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD) to shareholders. This framework allows flexibility to distribute additional returns through supplemental cash dividends or share repurchases. Adjusted FAD is calculated as net cash from operations minus capital expenditures and significant non-recurring items.
Weyerhaeuser Company (NYSE: WY) announced its third quarter 2024 financial results. The company has made the earnings release and associated materials available on the Investors section of their website and through SEC filings.
A live conference call will be held on October 25, 2024, at 7 a.m. Pacific Time to discuss the quarterly results. Investors can access the webcast through the company's website, with dial-in options available for North American (877-407-0792) and international (201-689-8263) participants using access code 13742029.
Weyerhaeuser Company (NYSE: WY) has announced the release date for its third quarter 2024 results. The company will disclose the results on Thursday, October 24, 2024, after the market closes. Following this, Weyerhaeuser will host a live webcast and conference call on Friday, October 25, at 7 a.m. Pacific Time (10 a.m. Eastern Time) to discuss the results.
Interested parties can access the news release, live webcast, and presentation online through the Investor Relations section on www.weyerhaeuser.com. To join the conference call, participants from North America should dial 877-407-0792, while those outside North America should dial 201-689-8263. Both numbers use the access code 13742029. Replays will be available for two weeks after the call.
Weyerhaeuser Company (NYSE: WY) and The Nature Conservancy (TNC) have announced a multiyear collaboration to advance the understanding of forests' role in climate mitigation. This partnership aims to highlight the potential of climate-smart forestry in combating climate change.
Key points of the collaboration include:
- Conducting forest research
- Implementing greenhouse gas accounting standards
- Developing improved carbon project methodologies
- Shaping strategies to accelerate climate-smart forestry practices globally
TNC's research suggests that natural climate solutions could reduce or absorb up to 11 billion metric tons of greenhouse gases annually by 2030, with over 1 billion metric tons potentially coming from improved management of working forests. The collaboration seeks to grow support for a trusted carbon market and elevate research into climate-smart forestry practices.
Weyerhaeuser Company (NYSE: WY) has announced a quarterly base cash dividend of $0.20 per share on its common stock. The dividend will be paid on September 13, 2024, to shareholders of record as of August 30, 2024. This aligns with Weyerhaeuser's cash return framework, which aims to provide a total shareholder return of 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD).
The company maintains flexibility to supplement this base dividend with additional variable cash returns, either through supplemental dividends or share repurchases. Adjusted FAD, a non-GAAP measure, is defined as net cash from operations adjusted for capital expenditures and significant non-recurring items.
Weyerhaeuser Company (NYSE: WY) has released its second quarter 2024 financial results. The detailed earnings report and associated materials are now available on the Investors section of the company's website. Weyerhaeuser will host a live conference call on July 26, 2024, at 7 a.m. Pacific Time to discuss the Q2 results. Interested parties can access the webcast and presentation through the company's website. For those joining by phone, dial-in numbers are provided for both North American and international callers. Replays of the call will be available for two weeks following the event.
Weyerhaeuser Company (NYSE: WY) has announced the acquisition of 84,300 acres of high-quality timberlands in Alabama for $244 million. These acquisitions, secured through multiple transactions, are expected to enhance the company's Southern Timberlands portfolio with mature, highly productive lands well-integrated with existing operations. Key highlights include:
- Located in one of the strongest inland sawlog and fiber markets in the U.S. South
- 74% planted pine acreage with strong site productivity
- Expected average harvest of 6.4 tons per acre annually over the first 10 years
- Anticipated average Adjusted EBITDA of $150 per acre annually from timber operations
This move aligns with Weyerhaeuser's goal to grow its Timberlands portfolio through $1 billion in disciplined investments by the end of 2025. Upon completion, Weyerhaeuser will own or manage approximately 695,000 acres of timberlands in Alabama.
Weyerhaeuser Company (NYSE: WY) has announced a $1 million investment in Raymond, Washington, through its THRIVE program. This multi-year initiative aims to support rural operating communities where Weyerhaeuser has a significant presence. Raymond is the second community selected for this program, following Zwolle, Louisiana.
The investment will be made over several years with input from local stakeholders. Weyerhaeuser has a long history in Raymond, owning timberland in Pacific County for over 100 years and operating a lumber mill since the 1930s. The company currently employs more than 300 people in the area.
The THRIVE program focuses on addressing community challenges through collaboration, investment, and advocacy. Potential areas of focus in Raymond include workforce development, job training, and youth education. This initiative is part of Weyerhaeuser's broader 3 by 30 Sustainability Ambition for rural communities.
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