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Weyerhaeuser - WY STOCK NEWS

Welcome to our dedicated page for Weyerhaeuser news (Ticker: WY), a resource for investors and traders seeking the latest updates and insights on Weyerhaeuser 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.

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Weyerhaeuser Company (NYSE: WY) reported strong fourth quarter 2020 results with net earnings of $292 million, up from a net loss of $14 million a year prior. Excluding special items, earnings totaled $361 million. The company achieved record Adjusted EBITDA of $657 million, significantly higher than $260 million in Q4 2019. For the full year 2020, net earnings were $797 million compared to a net loss of $76 million in 2019. Weyerhaeuser reduced gross debt by over $900 million and launched a new sustainability strategy, indicating a solid financial outlook as it enters 2021.

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Weyerhaeuser Company (NYSE: WY) announced that its 2020 dividend distributions totaling $0.51 per share are classified as Capital Gain Distributions, specifically $0.34 on March 20 and $0.17 on December 18. These distributions are considered long-term capital gains and are not eligible for the 20% qualified business income deduction per Section 199A. Shareholders are advised to consult tax advisors regarding the implications of these distributions on their tax situations.

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Weyerhaeuser Company (NYSE: WY) will announce its fourth quarter 2020 results on January 29, 2021, prior to market opening. A live conference call will take place at 7 a.m. Pacific (10 a.m. Eastern) to discuss these results. Investors and analysts can join the call using the provided dial-in numbers. Weyerhaeuser is a leading timberland owner and a major wood products manufacturer, with approximately 11 million acres of timberland under its management.

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Weyerhaeuser Company (NYSE: WY) has completed two significant timberland transactions in Oregon. The company purchased 85,000 acres and sold 149,000 acres, with a net cost of approximately $40 million. This strategic move is aimed at enhancing Weyerhaeuser's portfolio and streamlining operational costs while gaining access to crucial domestic and export markets. CEO Devin W. Stockfish emphasized the importance of Oregon in their operations and the long-term value these transactions are expected to bring to shareholders.

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Weyerhaeuser Company (NYSE: WY) has appointed Deidra C. Merriwether, a senior vice president at Grainger, to its board of directors, effective immediately. This decision follows the upcoming retirement of a current board member in 2021. Merriwether, who has extensive experience in finance and customer relations, will bring valuable insight and leadership to the board. Her role at Grainger includes overseeing North American sales and managing significant responsibilities across Latin American and Canadian markets. This move aims to enhance Weyerhaeuser's strategic direction as a leading timberland owner and wood products manufacturer.

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Devin Stockfish, the CEO of Weyerhaeuser Company (NYSE: WY), will represent the company at the REITworld: 2020 Annual Conference on November 17, 2020. The conference will be held virtually, with Stockfish's presentation scheduled for 11:30 a.m. Eastern time. Investors can access the webcast and presentation materials through the company's investor relations website. Weyerhaeuser is a leading timberland owner and wood products manufacturer.

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Weyerhaeuser Company (NYSE: WY) declared a dividend of $0.17 per share, payable on December 18, 2020. Shareholders must be on record by December 4, 2020. The company is introducing a new dividend framework aimed at enhancing shareholder returns across varying market conditions. This includes a quarterly base cash dividend, supplemented by a variable return targeting 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD). The first supplemental dividend is expected in Q1 2022.

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Weyerhaeuser Company (NYSE: WY) reported strong third-quarter 2020 net earnings of $283 million, or 38 cents per diluted share, up from $99 million a year prior. Excluding special items, net earnings reached $386 million. The company's Adjusted EBITDA rose significantly to $745 million compared to $308 million in Q3 2019. Despite challenges from wildfires and COVID-19, all business segments performed well. Weyerhaeuser reinitiated its quarterly dividend at $0.17 per share, signaling confidence in cash flow and financial stability moving forward.

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Weyerhaeuser Company (NYSE: WY) plans to release its third quarter 2020 results on October 30, before the market opens. A live webcast and conference call will occur at 7 a.m. Pacific to discuss these results. Weyerhaeuser, a leading timberland owner and wood products manufacturer, is committed to sustainable management of its approximately 11 million acres of timberlands in the U.S. and Canada.

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Weyerhaeuser Company (NYSE: WY) announced two timberland transactions involving a purchase of 85,000 acres and a sale of 149,000 acres in Oregon for a net cost of $40 million. CEO Devin W. Stockfish highlighted that the acquired lands offer low operating costs and access to key markets, aiming to enhance the company's timberland portfolio. The transactions are expected to close in Q4 2020, subject to customary conditions, and are anticipated to provide both immediate and long-term shareholder value.

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FAQ

What is the current stock price of Weyerhaeuser (WY)?

The current stock price of Weyerhaeuser (WY) is $29.71 as of February 21, 2025.

What is the market cap of Weyerhaeuser (WY)?

The market cap of Weyerhaeuser (WY) is approximately 20.3B.

What does Weyerhaeuser do?

Weyerhaeuser is a leading forest products company that manages timberlands, manufactures wood products, and engages in real estate and sustainability projects.

How large is Weyerhaeuser's timberland holdings?

Weyerhaeuser owns or controls approximately 10.5 million acres of timberlands in the U.S. and manages 14 million acres under long-term licenses in Canada.

What is the THRIVE program?

The THRIVE program is Weyerhaeuser's initiative to invest $5 million to support rural operating communities through grants, funding, and local engagement.

How does Weyerhaeuser contribute to sustainability?

Weyerhaeuser manages its timberlands sustainably, supports carbon capture and sequestration projects, and manufactures eco-friendly wood products.

What are Weyerhaeuser's main business segments?

Weyerhaeuser operates in three main business segments: timberlands, wood products, and real estate.

When does Weyerhaeuser release its financial results?

Weyerhaeuser typically releases its financial results quarterly. Upcoming releases are announced on the company's website.

What are Weyerhaeuser's recent financial highlights?

In 2023, Weyerhaeuser reported net sales of $7.7 billion and launched various strategic initiatives, including expanding its timberlands and entering the voluntary carbon market.

How can I invest in Weyerhaeuser?

Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY.

What career opportunities does Weyerhaeuser offer?

Weyerhaeuser offers various career opportunities across its business lines, including roles in forestry, manufacturing, and sustainability.

How can I contact Weyerhaeuser for more information?

For more information, you can contact Weyerhaeuser's analysts or media representatives. Contact details are available on the company's website.
Weyerhaeuser

NYSE:WY

WY Rankings

WY Stock Data

20.33B
721.58M
0.28%
88.12%
1.25%
REIT - Specialty
Real Estate Investment Trusts
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