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) plans to announce its fourth quarter 2022 results on January 26, after the market closes. Following the release, the company will host a live webcast and conference call on January 27, at 7 a.m. PT (10 a.m. ET) to discuss the results. Weyerhaeuser is a leading timberland owner and wood products manufacturer, managing approximately 11 million acres of timberlands in the U.S. and Canada. The company generated $10.2 billion in net sales in 2021, operating as a real estate investment trust.
Denbury Inc. (NYSE: DEN) and Weyerhaeuser Company (NYSE: WY) have announced a cooperative agreement to evaluate a CO2 sequestration site in Mississippi. This lease grants Denbury the exclusive rights to operate approximately 16,000 acres of pore space held by Weyerhaeuser. The site, which has a capacity for about 275 million metric tons of CO2, will allow Denbury to enhance its carbon storage portfolio. They plan to drill a test well and pursue necessary permits in 2023 to further this project.
Weyerhaeuser Company (NYSE: WY) has partnered with American Forests to launch an initiative aimed at expanding the Tree Equity program into rural communities. This initiative will educate students on environmental justice and forestry careers while addressing tree canopy disparities in three pilot locations: Ruston, Louisiana; Tacoma, Washington; and Natchitoches, Louisiana. The program incorporates innovative tools like the Tree Equity Score to assess community needs, with hands-on projects planned for students to plant trees and develop greening initiatives, promoting climate resilience and social equity.
Weyerhaeuser Company (NYSE: WY) announced a $100,000 donation to Idabel, Oklahoma, in response to the devastating tornado that struck on November 4, 2022. The storm severely impacted more than 100 homes and businesses, creating urgent needs for temporary housing and essential supplies. Senior vice president Keith O'Rear emphasized the company's ongoing commitment to assist the Idabel community, where Weyerhaeuser has operated since 1969. The company's Idabel lumber mill and a nearby timberlands office were unaffected by the storm, employing 147 workers in the area.
Weyerhaeuser Company (NYSE: WY) announced a quarterly cash dividend of $0.18 per share on November 11, 2022. This dividend will be payable on December 16, 2022, to shareholders on record as of the close of business on December 2, 2022. The company has implemented a 'base plus variable supplemental' dividend framework, aiming to return 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD) to shareholders. In 2021, Weyerhaeuser generated $10.2 billion in net sales, highlighting its significant market presence.
Weyerhaeuser Company (NYSE: WY) announced the resolution of a work stoppage with the International Association of Machinists and Aerospace Workers union affecting approximately 1,200 employees in Oregon and Washington. The new contract approval will restore operations at all sites, enhancing job security and benefits for employees. CEO Devin W. Stockfish emphasized Weyerhaeuser's commitment to providing safe jobs with competitive wages. In 2021, the company reported $10.2 billion in net sales, highlighting its significant position in the timber and wood products industry.
Weyerhaeuser Company (NYSE: WY) reported Q3 2022 net earnings of $310 million ($0.42 per diluted share) on net sales of $2.3 billion, down from $482 million ($0.64 per diluted share) in Q3 2021. Adjusted EBITDA was $583 million, a decrease from $746 million year-over-year. The decline is attributed to lower sales volumes in timberland, real estate, and wood products due to macroeconomic pressures and operational challenges. For Q4 2022, the company expects further declines in earnings and Adjusted EBITDA amid ongoing market softening.
Weyerhaeuser Company (NYSE: WY) will announce its third quarter 2022 results on October 27, after market close. The company will hold a live webcast and conference call on October 28 at 7 a.m. PT (10 a.m. ET) to discuss the results. Weyerhaeuser, a leading owner of timberlands in the U.S., manages approximately 11 million acres sustainably and is one of the largest wood products manufacturers in North America, generating $10.2 billion in net sales in 2021. For more details, visit their Investor Relations page.
Clearwater Paper Corporation (NYSE: CLW) announced the election of Jeanne M. Hillman to its board of directors, effective October 1, 2022. Hillman's background includes significant experience in the pulp and paperboard industry and a strong focus on finance and information technology. Previously, she served as vice president at Weyerhaeuser (NYSE: WY) until her retirement in March 2020. The addition reflects Clearwater Paper's commitment to diversity and an enhanced board composition, with the board now comprising nine directors, eight of whom meet NYSE independence standards.
Weyerhaeuser Company (NYSE: WY) announced a work stoppage affecting its operations in Oregon and Washington due to a strike by members of the International Association of Machinists and Aerospace Workers union. Approximately 1,200 IAM employees are involved. Collective bargaining has been ongoing since May, with Weyerhaeuser expressing disappointment in the strike decision but committing to good faith negotiations. The company aims to minimize supply disruptions while continuing discussions to reach a beneficial contract for both employees and the company.