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) 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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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.