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.
News about Weyerhaeuser Company (NYSE: WY) focuses on its activities as a timber-focused real estate investment trust with major operations in sustainable forestry, land management and wood products manufacturing. The company regularly issues press releases and investor updates that highlight developments across its timberlands, wood products and land solutions businesses, as well as its climate solutions initiatives.
Investors following WY news will see announcements on quarterly and annual financial results, including earnings releases and details of related webcasts and conference calls. Weyerhaeuser frequently provides schedules for upcoming results, along with information on how to access live webcasts, presentation materials and replays through its investor channels.
Company news also covers strategic updates such as portfolio optimization actions in its timberlands, including acquisitions of high-quality acreage and divestitures of non-core timberlands in various U.S. regions. Weyerhaeuser uses these updates to explain how it is enhancing the quality and value of its timberlands while recycling capital in a tax-efficient manner.
Another key area of coverage is Weyerhaeuser’s climate and land solutions strategy. Recent releases describe growth targets for its Climate Solutions business and partnerships to develop biocarbon products that use wood fiber as a renewable replacement for coal and coke in metals production. News items may also address community initiatives, such as multi-year investments in rural operating communities through the company’s THRIVE program.
In addition, Weyerhaeuser issues governance and capital allocation news, including board appointments, dividend declarations and details of its cash return framework. For investors, analysts and other stakeholders, the WY news feed provides a centralized view of the company’s financial reporting, strategic plans, sustainability efforts and community engagement.
Devin Stockfish, the CEO of Weyerhaeuser Company (NYSE: WY), will represent the company at the REITworld: 2020 Annual Conference on November 17, 2020. The conference will be held virtually, with Stockfish's presentation scheduled for 11:30 a.m. Eastern time. Investors can access the webcast and presentation materials through the company's investor relations website. Weyerhaeuser is a leading timberland owner and wood products manufacturer.
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.
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