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 a strong performance for Q3 2021 with net earnings of $482 million (64 cents per diluted share), up from $283 million last year. Net sales reached $2.3 billion, exceeding the previous year's $2.1 billion. Adjusted EBITDA was $746 million, on par with last year. The company anticipates a significant supplemental dividend in Q1 2022, driven by impressive cash flow generation. However, the real estate and wood products segments faced declines in earnings and sales realizations. Despite challenges, Weyerhaeuser remains optimistic about U.S. housing demand.
AZEK Company and Weyerhaeuser are expanding their partnership to offer a broader range of low-maintenance and sustainable building products in Texas. This expansion includes TimberTech Outdoor Living and AZEK Exteriors products, available through Weyerhaeuser's Dallas and Houston distribution centers. Both companies emphasize quality, sustainability, and innovation in their offerings, which also come with industry-leading warranties. The partnership aims to enhance AZEK's market presence across the central United States.
Weyerhaeuser Company (NYSE: WY) will announce its third quarter 2021 results on October 29, before market opening. A live webcast and conference call are scheduled for 7 a.m. Pacific (10 a.m. Eastern) that same day to discuss these results. Interested parties can access the live call by dialing 877-407-0792 for North America or 201-689-8263 for international participants. Weyerhaeuser owns approximately 11 million acres of timberlands in the U.S. and is recognized as one of the largest manufacturers of wood products in North America. For more details, visit their Investor Relations webpage.
Weyerhaeuser Company (NYSE: WY) has declared an interim supplemental dividend of $0.50 per share, payable on October 19, 2021. Eligible shareholders must be on record by October 5, 2021. The board also authorized a new share repurchase program of up to $1 billion, replacing the prior $500 million program. This decision follows the company's strong cash flow performance in the first half of 2021, highlighting a commitment to returning capital to shareholders. Weyerhaeuser aims to declare and pay supplemental dividends annually in the first quarter of each year.
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Weyerhaeuser Company (NYSE: WY) is set to host a virtual investor day on September 22, 2021, starting at 9:30 a.m. Pacific Time. The event aims to update attendees on the company's strategic initiatives, capital allocation, and sustainability goals, followed by a Q&A session. Interested participants can register for the webcast via the company's website. Weyerhaeuser, a leading timberland owner and wood products manufacturer, operates approximately 11 million acres of timberlands and generated $7.5 billion in net sales in 2020.
Weyerhaeuser Company (NYSE: WY) announced the appointment of Travis Keatley as senior vice president of Timberlands, effective September 13, 2021. Keatley, who has over 20 years of experience with the company, was previously vice president of Western Timberlands. His appointment follows the planned retirement of Adrian Blocker, who will assist in the transition until mid-October. Keatley is expected to enhance operational excellence and sustainable forest management in his new role, bringing fresh perspectives to the company.
Weyerhaeuser Company (NYSE: WY) has announced an agreement to open approximately 90 acres of sustainably managed private forestland on West Tiger Mountain, Issaquah, Washington, for permanent public access after a planned harvest this month. Collaborating with the Washington State Department of Natural Resources and local organizations, Weyerhaeuser aims to rebuild trails and enhance recreational access. This initiative aligns with their long-term conservation strategy, maintaining access for communications while ensuring public enjoyment of the area, showcasing a commitment to balancing conservation and sustainable timber harvest.
Weyerhaeuser Company (NYSE: WY) declared a quarterly cash dividend of $0.17 per share, payable on September 17, 2021, to shareholders of record as of September 3, 2021. The company continues its 'base plus variable supplemental' dividend framework, aiming for an annual total return to shareholders of 75 to 80 percent of Adjusted Funds Available for Distribution (Adjusted FAD). Adjusted FAD is the net cash from operations after capital expenditures. Weyerhaeuser reported $7.5 billion in net sales for 2020 and manages approximately 11 million acres of timberlands.
Weyerhaeuser Company (NYSE: WY) announced a virtual investor day scheduled for September 22, 2021, starting at 9:30 a.m. Pacific. The event will feature senior management discussing the company’s strategic initiatives, capital allocation, and sustainability goals, followed by a Q&A session. Investors can register for the webcast through their website. Weyerhaeuser, a significant player in timberland ownership and wood product manufacturing, reported $7.5 billion in net sales for 2020 and manages approximately 11 million acres of timberlands in the U.S. and Canada.