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 (NYSE: WY) maintains one of North America's most comprehensive sustainable forestry operations, balancing timber production with environmental stewardship. This news hub provides investors and industry stakeholders with essential updates spanning the company's core operations in wood products manufacturing, timberland management, and natural resource development.
Access authoritative coverage of earnings announcements, strategic partnerships, sustainability initiatives, and operational developments. Our curated news collection enables efficient tracking of WY's progress in key areas including forest certification milestones, product innovation, and real estate transactions.
Key content categories include quarterly financial results, leadership updates, environmental compliance reports, and market expansion activities. Bookmark this page for direct access to verified information about Weyerhaeuser's operational strategies and industry positioning.
Weyerhaeuser Company (NYSE: WY) declared a dividend of $0.17 per share, payable on December 18, 2020. Shareholders must be on record by December 4, 2020. The company is introducing a new dividend framework aimed at enhancing shareholder returns across varying market conditions. This includes a quarterly base cash dividend, supplemented by a variable return targeting 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD). The first supplemental dividend is expected in Q1 2022.
Weyerhaeuser Company (NYSE: WY) reported strong third-quarter 2020 net earnings of $283 million, or 38 cents per diluted share, up from $99 million a year prior. Excluding special items, net earnings reached $386 million. The company's Adjusted EBITDA rose significantly to $745 million compared to $308 million in Q3 2019. Despite challenges from wildfires and COVID-19, all business segments performed well. Weyerhaeuser reinitiated its quarterly dividend at $0.17 per share, signaling confidence in cash flow and financial stability moving forward.
Weyerhaeuser Company (NYSE: WY) plans to release its third quarter 2020 results on October 30, before the market opens. A live webcast and conference call will occur at 7 a.m. Pacific to discuss these results. Weyerhaeuser, a leading timberland owner and wood products manufacturer, is committed to sustainable management of its approximately 11 million acres of timberlands in the U.S. and Canada.
Weyerhaeuser Company (NYSE: WY) announced two timberland transactions involving a purchase of 85,000 acres and a sale of 149,000 acres in Oregon for a net cost of $40 million. CEO Devin W. Stockfish highlighted that the acquired lands offer low operating costs and access to key markets, aiming to enhance the company's timberland portfolio. The transactions are expected to close in Q4 2020, subject to customary conditions, and are anticipated to provide both immediate and long-term shareholder value.
Weyerhaeuser Company (NYSE: WY) announced that its CEO, Devin Stockfish, will represent the company at the RBC Capital Markets 2020 Global Industrials Virtual Conference on September 14, 2020, at 1 p.m. Eastern Time. The event will provide insights into the company's operations and future outlook. Investors can access the webcast and related materials through the company's investor relations website.
As one of the largest private owners of timberlands, Weyerhaeuser generated $6.6 billion in net sales in 2019.
Weyerhaeuser Company (NYSE: WY) CEO Devin Stockfish will speak at the BMO 2020 Real Assets Virtual Conference on September 2, 2020, at 2 p.m. Eastern Time. The event will be accessible via webcast, with presentation materials available on Weyerhaeuser’s investor relations website. As one of the largest private owners of timberlands, Weyerhaeuser manages around 11 million acres in the U.S. and Canada, generating $6.6 billion in net sales in 2019. The company is recognized for its sustainable forestry practices and operates as a real estate investment trust.
Weyerhaeuser Company (NYSE: WY) announced significant leadership changes on Aug. 20, 2020, aimed at enhancing the long-term value of its timberlands. Russell Hagen, the current CFO, will transition to Chief Development Officer, overseeing Real Estate, Energy & Natural Resources. The company is searching for a new CFO as Hagen prepares for his new role. This reorganization emphasizes collaboration among various teams and aligns with Weyerhaeuser's sustainability initiatives. Jim Kilberg, the current SVP of Real Estate, will retire early next year.
Weyerhaeuser Company (NYSE: WY) reported second quarter 2020 net earnings of $72 million (10 cents per diluted share) on net sales of $1.6 billion, down from $128 million (17 cents per share) a year earlier. Adjusted EBITDA for the quarter was $386 million, an increase from $343 million in Q2 2019. The company faced challenges due to COVID-19 but achieved strong operational performance, particularly in lumber production. Looking ahead, Weyerhaeuser anticipates lower earnings and EBITDA in Q3 2020, despite improved U.S. housing activity.
Weyerhaeuser Company (NYSE: WY) will disclose its second quarter 2020 results on July 31, prior to market opening. A live webcast and conference call are scheduled for 7 a.m. Pacific time to discuss these results. Investors can access the news release and related materials via the Investor Relations section of their website. Weyerhaeuser is a leading timberland owner and wood products manufacturer, generating $6.6 billion in net sales in 2019 and operating sustainably across approximately 11 million acres of timberlands.
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