Weyerhaeuser Stock Price, News & Analysis

Greif, Inc. (NYSE: GEF, GEF.B) has successfully finalized the sale of 69,200 acres of timberlands in Alabama to Weyerhaeuser Company (NYSE: WY) for approximately $149 million. The proceeds will be directed towards debt repayment, aligning with Greif's financial strategy to enhance value for equity holders. This move reflects Greif's commitment to manage enterprise value effectively while positioning the company within the industrial packaging sector.

Weyerhaeuser Company (NYSE: WY) has successfully completed its acquisition of 69,200 acres of premium timberlands in Alabama from Soterra for approximately $149 million. Concurrently, the company announced the sale of 145,000 acres of timberlands in the North Cascades of Washington to Hampton Resources for $266 million. This strategic move aims to optimize its timberland portfolio, enhancing cash flow and divesting non-strategic acreage. The Washington sale is expected to close in Q3 2021 and is anticipated to yield a gain without tax liability.

Weyerhaeuser Company (NYSE: WY) announced first-quarter net earnings of $681 million, or 91 cents per diluted share, a significant increase compared to $150 million, or 20 cents per diluted share a year ago. Net sales rose to $2.5 billion from $1.7 billion. Adjusted EBITDA reached a record $1.1 billion, up from $413 million last year. The company credits strong performance in its Wood Products segment and strategic acquisitions in Alabama. Looking ahead, Weyerhaeuser expects comparable earnings for Q2 2021 amid rising construction and remodeling demand.

Weyerhaeuser Company (NYSE: WY) will announce its first quarter 2021 financial results on April 30, before the market opens. A live conference call will take place at 7 a.m. Pacific (10 a.m. Eastern) on the same day to discuss the results. Investors can access the call by dialing 877-407-0792 from North America or 201-689-8263 internationally, with replays available for two weeks afterward. Weyerhaeuser manages approximately 11 million acres of timberlands and generated $7.5 billion in net sales in 2020.

Weyerhaeuser Company (NYSE: WY) announced a $149 million agreement to acquire 69,200 acres of premium timberlands in Alabama from Soterra, a Greif subsidiary. This strategic acquisition enhances Weyerhaeuser's operational footprint in a key market, offering immediate cash flow with an anticipated average Adjusted EBITDA of $7 million annually over the next decade. The timberlands feature a well-maintained road network and predominantly young plantation stock, positioning the company for future productivity gains. The deal is expected to close in Q2 2021.

Greif, Inc. (NYSE: GEF, GEF.B) announced an agreement to sell 69,200 acres of timberland in Alabama to Weyerhaeuser Company (NYSE: WY) for approximately $149 million. The proceeds will be used for debt repayment, enhancing Greif's financial position. The transaction is subject to customary closing conditions and is expected to finalize in Q2 2021. Greif's CEO, Pete Watson, stated that this agreement will help to de-lever their balance sheet and favor equity holders.

Weyerhaeuser Company (NYSE: WY) has appointed Nancy S. Loewe as senior vice president and chief financial officer, effective March 8, 2021. Loewe, previously with Visa, brings over 20 years of diverse experience in finance and operations. CEO Devin W. Stockfish highlighted her proven leadership and broad industry expertise as beneficial for the company. Loewe expressed enthusiasm about joining Weyerhaeuser, a leader in sustainable forestry, aiming to build on its historic performance. This transition follows Russell Hagen's new role overseeing Real Estate, Energy & Natural Resources.

Devin Stockfish, CEO of Weyerhaeuser, will participate in two virtual investor conferences. He is set to present at the RBC Capital Markets Global ESG Conference on February 26, 2021, at 11:45 a.m. ET, followed by the Raymond James 42nd Annual Institutional Investors Conference on March 1, 2021, at 10:50 a.m. ET. Webcast links and materials will be available on the company's investor relations website. Weyerhaeuser manages approximately 11 million acres of timberlands and generated $7.5 billion in net sales in 2020, with its stock trading under the symbol WY.

Weyerhaeuser Company (NYSE: WY) has declared a dividend of $0.17 per share on its common stock. The dividend will be payable in cash on March 19, 2021, to shareholders on record as of the close of business on March 5, 2021. This announcement reflects the company's ongoing commitment to return value to its shareholders and indicates financial stability.