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) and The Nature Conservancy (TNC) have announced a multiyear collaboration to advance the understanding of forests' role in climate mitigation. This partnership aims to highlight the potential of climate-smart forestry in combating climate change.
Key points of the collaboration include:
- Conducting forest research
- Implementing greenhouse gas accounting standards
- Developing improved carbon project methodologies
- Shaping strategies to accelerate climate-smart forestry practices globally
TNC's research suggests that natural climate solutions could reduce or absorb up to 11 billion metric tons of greenhouse gases annually by 2030, with over 1 billion metric tons potentially coming from improved management of working forests. The collaboration seeks to grow support for a trusted carbon market and elevate research into climate-smart forestry practices.
Weyerhaeuser Company (NYSE: WY) has announced a quarterly base cash dividend of $0.20 per share on its common stock. The dividend will be paid on September 13, 2024, to shareholders of record as of August 30, 2024. This aligns with Weyerhaeuser's cash return framework, which aims to provide a total shareholder return of 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD).
The company maintains flexibility to supplement this base dividend with additional variable cash returns, either through supplemental dividends or share repurchases. Adjusted FAD, a non-GAAP measure, is defined as net cash from operations adjusted for capital expenditures and significant non-recurring items.
Weyerhaeuser Company (NYSE: WY) has released its second quarter 2024 financial results. The detailed earnings report and associated materials are now available on the Investors section of the company's website. Weyerhaeuser will host a live conference call on July 26, 2024, at 7 a.m. Pacific Time to discuss the Q2 results. Interested parties can access the webcast and presentation through the company's website. For those joining by phone, dial-in numbers are provided for both North American and international callers. Replays of the call will be available for two weeks following the event.
Weyerhaeuser Company (NYSE: WY) has announced the acquisition of 84,300 acres of high-quality timberlands in Alabama for $244 million. These acquisitions, secured through multiple transactions, are expected to enhance the company's Southern Timberlands portfolio with mature, highly productive lands well-integrated with existing operations. Key highlights include:
- Located in one of the strongest inland sawlog and fiber markets in the U.S. South
- 74% planted pine acreage with strong site productivity
- Expected average harvest of 6.4 tons per acre annually over the first 10 years
- Anticipated average Adjusted EBITDA of $150 per acre annually from timber operations
This move aligns with Weyerhaeuser's goal to grow its Timberlands portfolio through $1 billion in disciplined investments by the end of 2025. Upon completion, Weyerhaeuser will own or manage approximately 695,000 acres of timberlands in Alabama.
Weyerhaeuser Company (NYSE: WY) has announced a $1 million investment in Raymond, Washington, through its THRIVE program. This multi-year initiative aims to support rural operating communities where Weyerhaeuser has a significant presence. Raymond is the second community selected for this program, following Zwolle, Louisiana.
The investment will be made over several years with input from local stakeholders. Weyerhaeuser has a long history in Raymond, owning timberland in Pacific County for over 100 years and operating a lumber mill since the 1930s. The company currently employs more than 300 people in the area.
The THRIVE program focuses on addressing community challenges through collaboration, investment, and advocacy. Potential areas of focus in Raymond include workforce development, job training, and youth education. This initiative is part of Weyerhaeuser's broader 3 by 30 Sustainability Ambition for rural communities.
Weyerhaeuser (NYSE: WY) will release its second quarter 2024 financial results on Thursday, July 25, after the market closes. The company will host a live webcast and conference call the next day, Friday, July 26, at 7 a.m. PT (10 a.m. ET) to discuss the results. Investors can access the news release, webcast, and presentation on the Investor Relations section of Weyerhaeuser's website. For those wishing to join the conference call, North American participants can dial 877-407-0792, while international participants can dial 201-689-8263, using access code 13742028. Replays will be available for two weeks following the call.
Weyerhaeuser Company (NYSE: WY) announced that its President and CEO, Devin W. Stockfish, along with Senior VP and CFO, David M. Wold, will represent the company at the Nareit REITweek: 2024 Investor Conference. The event is scheduled for Tuesday, June 4, 2024, in New York City. Stockfish and Wold will present at 3:45 p.m. Eastern. Investors and stakeholders can access the webcast links and presentation materials on Weyerhaeuser's investor relations website, where replays will be available shortly after the live presentation.
Weyerhaeuser Company (NYSE: WY) has named Brian Chaney as the new senior vice president of Wood Products, effective June 3, 2024. Chaney, who currently holds the position of vice president of Engineered Wood Products and Innovation, will succeed Keith O'Rear, who is retiring after 36 years with the company. O'Rear will continue to serve as a strategic advisor until the end of 2024. Brian Chaney brings 33 years of experience within Weyerhaeuser, known for his leadership in safety, strategy, and operational excellence. CEO Devin W. Stockfish expressed confidence in Chaney's capabilities to drive growth and innovation. The transition marks a significant leadership change aimed at leveraging new technologies and innovations to enhance safety, operational efficiency, and customer service.
Weyerhaeuser Company (NYSE: WY) declared a quarterly base cash dividend of $0.20 per share on common stock, payable on June 14, 2024. The company aims to achieve a total return to shareholders of 75 to 80 percent of Adjusted Funds Available for Distribution. Adjusted FAD is a non-GAAP measure representing net cash from operations adjusted for capital expenditures and significant non-recurring items.
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