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Weyerhaeuser Company - WY STOCK NEWS

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.

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Weyerhaeuser (NYSE: WY) will release its second quarter 2024 financial results on Thursday, July 25, after the market closes. The company will host a live webcast and conference call the next day, Friday, July 26, at 7 a.m. PT (10 a.m. ET) to discuss the results. Investors can access the news release, webcast, and presentation on the Investor Relations section of Weyerhaeuser's website. For those wishing to join the conference call, North American participants can dial 877-407-0792, while international participants can dial 201-689-8263, using access code 13742028. Replays will be available for two weeks following the call.

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Weyerhaeuser Company (NYSE: WY) announced that its President and CEO, Devin W. Stockfish, along with Senior VP and CFO, David M. Wold, will represent the company at the Nareit REITweek: 2024 Investor Conference. The event is scheduled for Tuesday, June 4, 2024, in New York City. Stockfish and Wold will present at 3:45 p.m. Eastern. Investors and stakeholders can access the webcast links and presentation materials on Weyerhaeuser's investor relations website, where replays will be available shortly after the live presentation.

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Weyerhaeuser Company (NYSE: WY) has named Brian Chaney as the new senior vice president of Wood Products, effective June 3, 2024. Chaney, who currently holds the position of vice president of Engineered Wood Products and Innovation, will succeed Keith O'Rear, who is retiring after 36 years with the company. O'Rear will continue to serve as a strategic advisor until the end of 2024. Brian Chaney brings 33 years of experience within Weyerhaeuser, known for his leadership in safety, strategy, and operational excellence. CEO Devin W. Stockfish expressed confidence in Chaney's capabilities to drive growth and innovation. The transition marks a significant leadership change aimed at leveraging new technologies and innovations to enhance safety, operational efficiency, and customer service.

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Weyerhaeuser Company (NYSE: WY) declared a quarterly base cash dividend of $0.20 per share on common stock, payable on June 14, 2024. The company aims to achieve a total return to shareholders of 75 to 80 percent of Adjusted Funds Available for Distribution. Adjusted FAD is a non-GAAP measure representing net cash from operations adjusted for capital expenditures and significant non-recurring items.

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Weyerhaeuser Company (WY) reported first quarter net earnings of $114 million, a 10 percent increase in Adjusted EBITDA to $352 million, and a 5.3 percent increase in quarterly base dividend. The company enhanced its carbon capture and sequestration business with an exploration agreement across five potential sites in the U.S. South.
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Weyerhaeuser Company (WY) to release first quarter 2024 results on April 25, followed by a webcast and conference call on April 26 at 7 a.m. PT (10 a.m. ET)
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Weyerhaeuser Company (WY) and Lapis Energy LP enter an exclusive two-year agreement for subsurface carbon dioxide sequestration across 187,500 acres in Arkansas, Louisiana, and Mississippi. The agreement includes five potential sequestration sites, aiming to reduce carbon footprint for large-scale industrial sources.
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Weyerhaeuser Company's CEO, Devin Stockfish, to participate in two investor conferences in March 2024. Webcast links and presentation materials will be available on the company's investor website.
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Company WY announces a national partnership with Be Pro Be Proud to provide students with training opportunities in the skilled trades industry.
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Weyerhaeuser Company (NYSE: WY) has announced a 5.3 percent increase in its quarterly base cash dividend, from $0.19 per share to $0.20 per share. The dividend is payable on March 22, 2024, to shareholders of record as of March 8, 2024. The company's president and CEO, Devin W. Stockfish, emphasized their commitment to growing the sustainable base dividend by 5 percent annually through 2025. Weyerhaeuser's cash return framework aims to achieve a targeted total return to shareholders of 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD), with the flexibility to return additional cash through supplemental dividends or share repurchases.
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FAQ

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 Company

NYSE:WY

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