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 reports on a timberlands and wood products business operated as a real estate investment trust. The company owns or controls more than 10 million acres of timberlands in the United States and manages additional public timberlands under long-term licenses in Canada, while also manufacturing wood products in North America.
Recurring Weyerhaeuser news includes quarterly and annual results, dividend declarations and tax treatment, capital return framework updates, investor presentations, timberlands and land-management activity, climate solutions, real estate, energy and natural resources, and product development in engineered wood and other building materials.
Weyerhaeuser Company (NYSE: WY) reported Q3 2022 net earnings of $310 million ($0.42 per diluted share) on net sales of $2.3 billion, down from $482 million ($0.64 per diluted share) in Q3 2021. Adjusted EBITDA was $583 million, a decrease from $746 million year-over-year. The decline is attributed to lower sales volumes in timberland, real estate, and wood products due to macroeconomic pressures and operational challenges. For Q4 2022, the company expects further declines in earnings and Adjusted EBITDA amid ongoing market softening.
Weyerhaeuser Company (NYSE: WY) will announce its third quarter 2022 results on October 27, after market close. The company will hold a live webcast and conference call on October 28 at 7 a.m. PT (10 a.m. ET) to discuss the results. Weyerhaeuser, a leading owner of timberlands in the U.S., manages approximately 11 million acres sustainably and is one of the largest wood products manufacturers in North America, generating $10.2 billion in net sales in 2021. For more details, visit their Investor Relations page.
Clearwater Paper Corporation (NYSE: CLW) announced the election of Jeanne M. Hillman to its board of directors, effective October 1, 2022. Hillman's background includes significant experience in the pulp and paperboard industry and a strong focus on finance and information technology. Previously, she served as vice president at Weyerhaeuser (NYSE: WY) until her retirement in March 2020. The addition reflects Clearwater Paper's commitment to diversity and an enhanced board composition, with the board now comprising nine directors, eight of whom meet NYSE independence standards.
Weyerhaeuser Company (NYSE: WY) announced a work stoppage affecting its operations in Oregon and Washington due to a strike by members of the International Association of Machinists and Aerospace Workers union. Approximately 1,200 IAM employees are involved. Collective bargaining has been ongoing since May, with Weyerhaeuser expressing disappointment in the strike decision but committing to good faith negotiations. The company aims to minimize supply disruptions while continuing discussions to reach a beneficial contract for both employees and the company.
Weyerhaeuser Company (NYSE: WY) announced a quarterly cash dividend of $0.18 per share, payable on September 16, 2022, to stockholders of record by September 2, 2022. This dividend follows a framework implemented in Q4 2020, aiming to return 75-80% of annual Adjusted Funds Available for Distribution to shareholders via base and supplemental dividends. Weyerhaeuser reported $10.2 billion in net sales in 2021, managing approximately 11 million acres of timberlands sustainably, thereby reinforcing its commitment to financial returns and operational sustainability.
Jane is evolving from a deals platform to a boutique marketplace, enhancing its tech stack and leadership team to support this shift. Newly appointed COO Laura Ravo, with extensive retail experience, will oversee marketplace operations. Krista Kochivar joins as CFO, bringing over 20 years of financial expertise from public companies. CEO Joana McKenna emphasizes the importance of these appointments for growth and customer experience. These strategic changes aim to place Jane as a leading destination for boutique shoppers.
Jane, a boutique marketplace, is transitioning from a deals platform to a comprehensive shopping destination. This transformation includes a new tech infrastructure and key executive appointments, such as Laura Ravo as Chief Operating Officer and Krista Kochivar as Chief Financial Officer. Ravo, with extensive retail experience, will enhance marketplace operations and customer experience. Kochivar brings over 20 years in financial management from publicly traded companies. These strategic changes aim to strengthen Jane's position in the marketplace.
Weyerhaeuser Company (NYSE: WY) reported Q2 2022 financial results, achieving net earnings of $788 million or $1.06 per diluted share, alongside net sales of $3.0 billion. This marks a decline from $1.0 billion net earnings in Q2 2021. Adjusted EBITDA for the quarter was $1.2 billion, down from $1.6 billion year-over-year. The company anticipates lower Q3 earnings but remains confident in long-term demand despite macroeconomic challenges. Year-to-date, Weyerhaeuser generated $2.7 billion in Adjusted EBITDA.
Weyerhaeuser Company (NYSE: WY) will announce its second quarter 2022 results on July 29, prior to market opening. A live webcast and conference call will follow at 7 a.m. PT (10 a.m. ET) to discuss the financial results. Weyerhaeuser, a significant player in timberland ownership and wood products manufacturing, reported net sales of $10.2 billion in 2021. The company manages approximately 11 million acres of timberlands and emphasizes sustainable practices in its operations.
Weyerhaeuser Company (NYSE: WY) announced the passing of George H. Weyerhaeuser Sr., its former president and CEO, who led the company from 1966 to 1991. His tenure was marked by significant growth, including major timberland acquisitions and advancements in sustainable forestry. He continued to influence the company as Board chairman until 1999. A memorial service is planned for later this summer to honor his legacy, which includes contributions to wood products research and overseas market expansion.