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 remarkable second quarter for 2021, achieving net earnings of $1.0 billion, or $1.37 per diluted share, significantly up from $72 million in the same period last year. With net sales reaching $3.1 billion, the company also noted Adjusted EBITDA soaring to $1.6 billion, a 40% increase from the previous quarter. Notably, long-term debt was reduced by $225 million. Despite a positive outlook for residential construction and robust cash flow, Weyerhaeuser anticipates lower earnings in Q3 due to rising costs and decreased timber harvest volumes.
Weyerhaeuser Company (NYSE: WY) has completed the sale of 145,000 acres of timberlands in Washington's North Cascades to Hampton Resources for $266 million. The company had announced this transaction in April 2021 and expects to incur no tax liability from the sale. This move aligns with Weyerhaeuser's strategy of managing its timberland assets sustainably. With around 11 million acres under management, Weyerhaeuser continues to be a significant player in the timber industry.
Weyerhaeuser Company (NYSE: WY) will announce its second quarter 2021 results on July 30, prior to market opening. A live webcast and conference call will follow at 7 a.m. Pacific (10 a.m. Eastern) to discuss the financial results. Weyerhaeuser is a significant player in timberland ownership and wood products manufacturing, controlling approximately 11 million acres in the U.S. and employing around 9,400 staff. The company generated $7.5 billion in net sales in 2020.
Weyerhaeuser Company (NYSE: WY) will be represented by CEO Devin Stockfish at the Nareit REITweek: 2021 Investor Conference on June 8, 2021, at 11 a.m. Eastern time. The event will take place virtually, and participants are encouraged to register in advance. Weyerhaeuser, a leading timberland owner with around 11 million acres managed sustainably, generated $7.5 billion in net sales in 2020 and is a major manufacturer of wood products in North America. For more information, visit the company's investor relations page.
Weyerhaeuser Company (NYSE: WY) has declared a quarterly cash dividend of $0.17 per share, payable on June 18, 2021, to shareholders of record by June 4, 2021. This dividend aligns with the company's new "base plus variable supplemental" dividend framework introduced in Q4 2020. The company aims for a targeted annual return to shareholders of 75 to 80 percent of their Adjusted Funds Available for Distribution (Adjusted FAD), supplemented primarily through annual cash dividends in the first quarter.
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.