Weyerhaeuser Company (WY)

Stockfish and Wold to Represent Weyerhaeuser at Nareit's REITweek: 2026 Investor ConferenceMay 19, 2026 4:30 PM
PR Newswire (US) SEATTLE, May 19, 2026 /PRNewswire/ -- Devin W. Stockfish, president and chief executive officer, and David M. Wold, senior vice president and chief financial officer, will represent Weyerhaeuser Company (NYSE: WY) at the upcoming Nareit REITweek: 2026 Investor Conference on Tuesday, June 2, 2026, in New York City. Stockfish and Wold are scheduled to present at 8:45 a.m. Eastern. A live webcast of the event will be accessible on the Investors section of the company's website at www.weyerhaeuser.com. The webcast replay will be available on the website shortly after the live event.ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls more than 10 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, energy and natural resources, among others. In 2025, the company generated $6.9 billion in net sales and employed approximately 9,500 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.For more information contact:
Analysts – View original content to download multimedia:https://www.prnewswire.com/news-releases/stockfish-and-wold-to-represent-weyerhaeuser-at-nareits-reitweek-2026-investor-conference-302776734.htmlSOURCE Weyerhaeuser Company Original: Stockfish and Wold to Represent Weyerhaeuser at Nareit's REITweek: 2026 Investor Conference

Weyerhaeuser Company Declares Dividend on Common SharesMay 14, 2026 8:28 PM
PR Newswire (US) SEATTLE, May 14, 2026 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced that its board of directors declared a quarterly base cash dividend of $0.21 per share on the common stock of the company, payable in cash on June 22, 2026, to holders of record of such common stock as of the close of business on June 5, 2026. Under Weyerhaeuser's cash return framework, the company expects to supplement its quarterly base cash dividend, as appropriate, with an additional return of variable cash to achieve a targeted total return to shareholders of 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD). The company has the flexibility in its capital allocation framework to return this additional cash in the form of a supplemental cash dividend, opportunistic share repurchase, or a combination of the two.Adjusted FAD, a non-GAAP measure, is defined by Weyerhaeuser as net cash from operations adjusted for capital expenditures and significant non-recurring items.ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls more than 10 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, energy and natural resources, among others. In 2025, the company generated $6.9 billion in net sales and employed approximately 9,500 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.FORWARD-LOOKING STATEMENTS
This news release contains statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the amount, timing and occurrence of future quarterly and supplemental cash dividends as well as the company's dividend framework and future share repurchases. Forward-looking statements are generally identified by words such as "expects" and "targeted," references to events occurring on specified future dates and other words and expressions referencing future events or occurrences. All forward-looking statements are based on our current expectations and assumptions and are not guarantees of future events or performance. The realization of our expectations and the accuracy of our assumptions are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, those identified in our 2025 Annual Report on Form 10-K, as well as those set forth from time to time in our other public statements, reports, registration statements, prospectuses, information statements and other filings with the SEC, and other factors not described herein or elsewhere because they are not currently known to us or because we currently judge them to be immaterial.It is not possible to predict or identify all risks and uncertainties that might affect the accuracy of our forward-looking statements and, consequently, our descriptions of such risks and uncertainties should not be considered exhaustive. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Also included in this news release are references to Adjusted FAD, which is a non-GAAP financial measure. Adjusted FAD may not be comparable to similarly named or captioned non-GAAP financial measures of other companies due to potential inconsistencies in how such measures are calculated. Adjusted FAD should not be considered in isolation from, and is not intended to represent an alternative to, our GAAP results.For more information contact:
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson, 919-861-0342 View original content to download multimedia:https://www.prnewswire.com/news-releases/weyerhaeuser-company-declares-dividend-on-common-shares-302773061.htmlSOURCE Weyerhaeuser Company Original: Weyerhaeuser Company Declares Dividend on Common Shares

WY 1Q26 CC items…

CC slides:
https://investor.weyerhaeuser.com/download/WY+Q1+2026+Earnings+Web+Slides_FINAL.pdf

CC transcript:
https://stockanalysis.com/stocks/wy/transcripts/549260-q1-2026/

Weyerhaeuser Reports First Quarter 2026 ResultsApril 30, 2026 4:15 PM
PR Newswire (US)

SEATTLE, April 30, 2026 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today reported its first quarter 2026 financial results. The company's earnings release and associated materials are available on the Investors section of the company's website, www.weyerhaeuser.com. In addition, the earnings release has been furnished on a Form 8-K with the U.S. Securities and Exchange Commission and is available at www.sec.gov.







EARNINGS CALL INFORMATIONThe company will hold a live webcast and conference call at 7 a.m. Pacific (10 a.m. Eastern) on May 1, 2026, to discuss first quarter results. To access the live webcast and presentation online, visit the Investors section on www.weyerhaeuser.com on May 1, 2026.To join the conference call from within North America, dial 877-407-0792 (access code: 13755107) at least 15 minutes prior to the call. Those calling from outside North America should dial 201-689-8263 (access code: 13755107). Replays will be available for two weeks at 844-512-2921 (access code: 13755107) from within North America, and at 412-317-6671 (access code: 13755107) from outside North America.ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls more than 10 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, and energy and natural resources, among others. In 2025, the company generated $6.9 billion in net sales and employed approximately 9,500 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.For more information contact:
Analysts –



View original content to download multimedia:https://www.prnewswire.com/news-releases/weyerhaeuser-reports-first-quarter-2026-results-302759295.htmlSOURCE Weyerhaeuser Company

Original: Weyerhaeuser Reports First Quarter 2026 Results

WSJ profiles WY use_of AI for forest management:

https://www.wsj.com/tech/ai/americas-largest-landowner-is-using-ai-to-digitize-the-forest-bd3eec86

After reading this, you won’t think of WY as a low-tech company!

Weyerhaeuser to Release First Quarter Results on April 30March 26, 2026 4:30 PM
PR Newswire (US)

Webcast and conference call on May 1 at 7 a.m. PT (10 a.m. ET)SEATTLE, March 26, 2026 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) will release first quarter 2026 results on Thursday, April 30, after the market closes. The company will then hold a live webcast and conference call the following day, on Friday, May 1, at 7 a.m. Pacific (10 a.m. Eastern), to discuss the results.







To access the earnings release, live webcast and presentation online, visit the Investors section on www.weyerhaeuser.com.To join the conference call from within North America, dial 877-407-0792 (access code: 13755107) at least 15 minutes prior to the call. Those calling from outside North America should dial 201-689-8263 (access code: 13755107). Replays will be available for two weeks at 844-512-2921 (access code: 13755107) from within North America, and at 412-317-6671 (access code: 13755107) from outside North America.ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls more than 10 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, and energy and natural resources, among others. In 2025, the company generated $6.9 billion in net sales and employed approximately 9,500 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.For more information contact:
Analysts -



View original content to download multimedia:https://www.prnewswire.com/news-releases/weyerhaeuser-to-release-first-quarter-results-on-april-30-302726541.htmlSOURCE Weyerhaeuser Company

Original: Weyerhaeuser to Release First Quarter Results on April 30

Weyerhaeuser Previews New Engineered Wood Products at NAHB International Builders' ShowFebruary 17, 2026 8:15 AM
PR Newswire (US)

Innovative, next-gen flooring solutions — still in development — to be shown at Weyerhaeuser's booth in OrlandoSEATTLE, Feb. 17, 2026 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today previewed two new engineered wood products at the National Association of Home Builders International Builders' Show® (IBS) in Orlando. Both products, currently in development, are designed to give builders more versatile and higher-quality flooring solutions.







Trus Joist® ProPanel™ is Weyerhaeuser's newest innovation in engineered floor panels, featuring enhanced moisture resistance, a bright fully sanded face and self-draining DownPore™ technology. When paired with Trus Joist products, ProPanel completes an unmatched value stack for builders, bringing together integrated engineering, field support, TJ-Pro™ Rating and comprehensive warranty coverage.Trus Joist® AeroStrand™ Laminated Strand Lumber (LSL) is Weyerhaeuser's next-generation floor joist, combining the proven strength, stability and straightness of the company's proprietary TimberStrand® LSL with a new castellated design featuring pre-cut openings to easily accommodate the mechanical, electrical and plumbing needs of any residential construction project. AeroStrand's versatility will give builders a more predictable, fully engineered flooring system that reduces cost and complexity, shortens lead times and enables flatter, higher-quality floors.Both products add to Weyerhaeuser's long history of innovation and demonstrate the company's ongoing commitment to providing high-quality products that make homebuilding more efficient, reliable and scalable."We're excited to be at IBS and giving the industry an early look at what we've been working on for the last couple years," says Brian Chaney, senior vice president of Wood Products at Weyerhaeuser. "We have a proud tradition of innovation and are always looking for ways to do more for our customers and the industry by delivering products that meet the evolving and growing needs of the market."IBS attendees can preview both innovations, meet Weyerhaeuser team members and learn more about real-world applications from Feb. 17 to 19, 2026, at the Weyerhaeuser booth (#W4457). Availability of both products will be announced later. For more information about Weyerhaeuser wood products, visit https://www.weyerhaeuser.com/woodproducts/.ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls more than 10 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, energy and natural resources, among others. In 2025, the company generated $6.9 billion in net sales and employed approximately 9,500 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.For more information contact:
Analysts –



View original content to download multimedia:https://www.prnewswire.com/news-releases/weyerhaeuser-previews-new-engineered-wood-products-at-nahb-international-builders-show-302689273.htmlSOURCE Weyerhaeuser Company

Original: Weyerhaeuser Previews New Engineered Wood Products at NAHB International Builders' Show

Weyerhaeuser Company Declares Dividend on Common SharesFebruary 12, 2026 7:30 PM
PR Newswire (US)

SEATTLE, Feb. 12, 2026 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced that its board of directors declared a quarterly base cash dividend of $0.21 per share on the common stock of the company, payable in cash on March 20, 2026, to holders of record of such common stock as of the close of business on March 10, 2026.







Under Weyerhaeuser's cash return framework, the company expects to supplement its quarterly base cash dividend, as appropriate, with an additional return of variable cash to achieve a targeted total return to shareholders of 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD). The company has the flexibility in its capital allocation framework to return this additional cash in the form of a supplemental cash dividend, opportunistic share repurchase, or a combination of the two.Adjusted FAD, a non-GAAP measure, is defined by Weyerhaeuser as net cash from operations adjusted for capital expenditures and significant non-recurring items.ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls more than 10 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, energy and natural resources, among others. In 2025, the company generated $6.9 billion in net sales and employed approximately 9,500 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.FORWARD-LOOKING STATEMENTSThis news release contains statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the amount, timing and occurrence of future quarterly and supplemental cash dividends as well as the company's dividend framework and future share repurchases. Forward-looking statements are generally identified by words such as "expects" and "targeted," references to events occurring on specified future dates and other words and expressions referencing future events or occurrences. All forward-looking statements are based on our current expectations and assumptions and are not guarantees of future events or performance. The realization of our expectations and the accuracy of our assumptions are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, those identified in our Annual Report on Form 10-K, as well as those set forth from time to time in our other public statements, reports, registration statements, prospectuses, information statements and other filings with the SEC, and other factors not described herein or elsewhere because they are not currently known to us or because we currently judge them to be immaterial.It is not possible to predict or identify all risks and uncertainties that might affect the accuracy of our forward-looking statements and, consequently, our descriptions of such risks and uncertainties should not be considered exhaustive. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Also included in this news release are references to Adjusted FAD, which is a non-GAAP financial measure. Adjusted FAD may not be comparable to similarly named or captioned non-GAAP financial measures of other companies due to potential inconsistencies in how such measures are calculated. Adjusted FAD should not be considered in isolation from, and is not intended to represent an alternative to, our GAAP results.For more information contact:
Analysts –



View original content to download multimedia:https://www.prnewswire.com/news-releases/weyerhaeuser-company-declares-dividend-on-common-shares-302687106.htmlSOURCE Weyerhaeuser Company

Original: Weyerhaeuser Company Declares Dividend on Common Shares

Stockfish to Represent Weyerhaeuser at Citi Global Property CEO ConferenceFebruary 11, 2026 4:30 PM
PR Newswire (US)

SEATTLE, Feb. 11, 2026 /PRNewswire/ -- Devin Stockfish, president and chief executive officer of Weyerhaeuser Company (NYSE: WY), will represent the company at Citi's 2026 Global Property CEO Conference in Hollywood, Florida, on Wednesday, March 4, at 9:35 a.m. Eastern.







A live webcast of the event will be accessible on the Investors section of the company's website at www.weyerhaeuser.com. The webcast replay will be available on the website shortly after the live event.ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls more than 10 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, and energy and natural resources, among others. In 2025, the company generated $6.9 billion in net sales and employed approximately 9,500 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.For more information contact:
Analysts –



View original content to download multimedia:https://www.prnewswire.com/news-releases/stockfish-to-represent-weyerhaeuser-at-citi-global-property-ceo-conference-302685531.htmlSOURCE Weyerhaeuser Company

Original: Stockfish to Represent Weyerhaeuser at Citi Global Property CEO Conference

WY 4Q25 full earnings PR and CC slides:

https://investor.weyerhaeuser.com/download/WY+Q4+2025+Earnings+Release_FINAL.pdf

https://investor.weyerhaeuser.com/download/WY+Q4+2025+Earnings+Web+Slides.pdf

Weyerhaeuser Reports Fourth Quarter, Full Year 2025 ResultsJanuary 29, 2026 4:15 PM
PR Newswire (US)

SEATTLE, Jan. 29, 2026 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today reported its fourth quarter 2025 financial results. The company's earnings release and associated materials are available on the Investors section of the company's website, www.weyerhaeuser.com. In addition, the earnings release has been furnished on a Form 8-K with the U.S. Securities and Exchange Commission and is available at www.sec.gov.







EARNINGS CALL INFORMATION
The company will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on January 30, 2026, to discuss fourth quarter results. To access the live webcast and presentation, go to the Investors section on www.weyerhaeuser.com on January 30, 2026.To join the conference call from within North America, dial 877-407-0792 (access code: 13755106) at least 15 minutes prior to the call. Those calling from outside North America should dial 201-689-8263 (access code: 13755106). Replays will be available for two weeks at 844-512-2921 (access code: 13755106) from within North America, and at 412-317-6671 (access code: 13755106) from outside North America.ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls more than 10 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, and energy and natural resources, among others. In 2025, the company generated $6.9 billion in net sales and employed approximately 9,500 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.For more information contact:
Analysts –



View original content to download multimedia:https://www.prnewswire.com/news-releases/weyerhaeuser-reports-fourth-quarter-full-year-2025-results-302674486.htmlSOURCE Weyerhaeuser Company

Original: Weyerhaeuser Reports Fourth Quarter, Full Year 2025 Results

WY is_a_play_on_a recovery in_the US housing market (although not mentioned in this Barron’s piece):

https://www.barrons.com/articles/housing-stock-comeback-in-2026-95b325c0

WY Investor Day slides:

https://investor.weyerhaeuser.com/download/WY+2025+Investor+Day+Presentation.pdf

WY projects $1.5B EBITDA increase 2024—>2030:

https://www.prnewswire.com/news-releases/weyerhaeuser-outlines-strategy-to-accelerate-growth-and-drive-significant-value-creation-at-investor-day-302638462.html

I commented on the Barron's article in:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=177030958

Weyerhaeuser Stock Trades for Less Than the Value of Its Lumber. It’s Time to Buy.
Weyerhaeuser Stock Trades for Less Than the Value of Its Lumber. It’s Time to Buy. https://t.co/XdFTY9hR0V— Barron's (@barronsonline) December 5, 2025

WY CEO says that lumber prices are at all-time low on an inflation-adjusted basis.

WY’s CEO says pending merger of RYN and PCH (to create second-largest timber REIT) will not meaningfully alter the competitive dynamics in WY’s timber operations. The combined RYN-PCH will own 4.1M timberlands, while WY owns 10.4M acreas.

*https://internationalforestindustries.com/2025/10/16/rayonier-and-potlatchdeltic-to-merge-in-8-2-billion-all-stock-deal-to-form-second-largest-u-s-timber-reit

Correction—WY 3Q25 PR and CC slides:

https://investor.weyerhaeuser.com/download/WY+Q3+2025+Earnings+Release_FINAL.pdf

https://investor.weyerhaeuser.com/download/WY+Q3+2025+Earnings+Web+Slides.pdf

WY 3Q25 results:

https://investor.weyerhaeuser.com/2025-10-30-Weyerhaeuser-Reports-Third-Quarter-2025-Results

WY 2Q25 results…

PR:
https://investor.weyerhaeuser.com/download/WY+Q2+2025+Earnings+Release_FINAL.pdf

CC slides:
https://investor.weyerhaeuser.com/download/WY+Q2+2025+Earnings+Web+Slides.pdf

WY acquires 117K timberland acres in NC/VA for $375M:

https://finance.yahoo.com/news/weyerhaeuser-acquiring-high-quality-timberlands-203000868.html

The market price of these parcels was ~$3,200 per acre.

WY 1Q25 CC slides:

https://investor.weyerhaeuser.com/download/WY+Q1+2025+Earnings+Web+Slides.pdf

WY reports 1Q25 results—guides to softer 2Q25:

https://investor.weyerhaeuser.com/download/WY+Q1+2025+Earnings+Release_FINAL.pdf Weyerhaeuser anticipates second quarter earnings before special items and Adjusted EBITDA will be approximately $15 million lower than the first quarter. In the West, the company expects slightly higher fee harvest volumes and per unit log and haul costs. Sales realizations are expected to be slightly lower due to mix. In the South, the company anticipates fee harvest volumes and per unit log and haul costs will be moderately higher, and sales realizations will be comparable. Forestry and road costs in the West and South are expected to be seasonally higher. No info the above PR about the anticipated effect of tariffs, but that will be a major topic in the CC tomorrow.

WY is a beneficiary of Canada—>US tariffs:

https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-03-03-2025/card/weyerhaeuser-emerging-as-a-tariff-winner-CvaSHnqnYlkzJZq6lYSV Investors are betting that lumber producer Weyerhaeuser will benefit from 25% tariffs placed on its competition from Canada, bidding up the Seattle firm's shares amid a broad selloff.

The idea is that Weyerhaeuser…will fetch higher prices for the lumber and wood panels it makes in the U.S. without having to pay the tariffs that add to the cost of wood crossing the border.

About 80% of Weyerhaeuser's lumber milling capacity is in the U.S., and it sells most of what it makes in Canada in that country…

…The tariffs are expected to be layered on top of existing duties on softwood lumber imports from Canada, which are set to rise sharply this summer from the current average rate of 14.4%. I consider WY to be a bond proxy. I have a modest long position.

WY 4Q24 CC transcript:

https://finance.yahoo.com/news/q4-2024-weyerhaeuser-co-earnings-060232098.html

WY reports 4Q24 results:

https://finance.yahoo.com/news/weyerhaeuser-reports-fourth-quarter-full-212100502.html

CC tomorrow at 10am ET.

WY 3Q24 results…

PR:
https://investor.weyerhaeuser.com/download/WY+Q3+2024+Earnings+Release_FINAL.pdf

CC slides:
https://investor.weyerhaeuser.com/download/WY+Q3+2024+Earnings+Web+Slides.pdf

WY independent director bought ~$1M of stock on the open market on 8/26/24, roughly doubling his position size:

https://www.sec.gov/Archives/edgar/data/106535/000095017024101126/xslF345X05/ownership.xml

WY acquires ~84K acres of Alabama timberland for $244M (~$2900/acre):

https://investor.weyerhaeuser.com/2024-07-25-Weyerhaeuser-Acquiring-High-Quality-Timberlands-in-Alabama
• Located in one of the strongest inland sawlog and fiber markets in the U.S. South

• Fee ownership with 74 percent planted pine acreage and strong site productivity

• Mature planted pine age class expected to produce an average harvest of 6.4 tons per acre (or 540,000 tons) annually over the first 10 years

• Expected average Adjusted EBITDA of approximately $150 per acre (or $12.5 million) annually from timber operations over the first 10 years “Including [the above] transactions, we will have completed approximately $775 million against our target to grow our Timberlands portfolio through $1 billion of disciplined investments by the end of 2025,” said CEO, Devin Stockfish.

WY reports 2Q24 results…

PR:
https://investor.weyerhaeuser.com/download/WYQ22024EarningsFullRelease_FINAL.pdf

CC slides:
https://investor.weyerhaeuser.com/download/WY+Q2+2024+Earnings+Web+Slides.pdf

WY 1Q24 CC transcript:

https://finance.yahoo.com/news/q1-2024-weyerhaeuser-co-earnings-043100673.html

WY 1Q24 results…

PR:
https://investor.weyerhaeuser.com/download/WYQ12024EarningsFullRelease_FINAL.pdf

CC slides:
https://investor.weyerhaeuser.com/download/WY+Q1+2024+Earnings+Web+Slides.pdf

Great short time! PT $25! Terrible earnings and worse outlook! Sad to sell but it shows where we’re going!

WY 4Q23 results…

PR:
https://investor.weyerhaeuser.com/2024-01-25-Weyerhaeuser-Reports-Fourth-Quarter,-Full-Year-Results

CC slides:
https://investor.weyerhaeuser.com/download/WY+Q4+2023+Earnings+Web+Slides.pdf

WY 3Q23 CC transcript:

https://finance.yahoo.com/news/q3-2023-weyerhaeuser-co-earnings-082549627.html

WY reports 3Q23 results:

https://www.sec.gov/Archives/edgar/data/106535/000095017023055646/wy-ex99_1.htm

https://www.sec.gov/Archives/edgar/data/106535/000095017023055646/wy-ex99_2.htm

WY 2Q23 CC transcript:

https://finance.yahoo.com/news/q2-2023-weyerhaeuser-co-earnings-042659844.html

WY 2Q23 results…

PR:
https://investor.weyerhaeuser.com/2023-07-27-Weyerhaeuser-Reports-Second-Quarter-Results

CC slides:
https://investor.weyerhaeuser.com/download/WY+Q2+2023+Earnings+web+slides.pdf

WY 1Q23 results…

PR:
https://investor.weyerhaeuser.com/2023-04-27-Weyerhaeuser-Reports-First-Quarter-Results

CC slides:
https://investor.weyerhaeuser.com/download/WY+Q1+2023+Earnings+Web+Slides.pdf

WY expects $100M annual_revenue_from_selling carbon offsets, starting in 2025:

https://www.wsj.com/articles/weyerhaeuser-logging-carbon-emissions-offset-market-environment-76850c01 According to the company’s latest tally for investors, Weyerhaeuser’s trees and wood products removed 35 million metric tons of carbon from the atmosphere in 2021. It said that was more than four times the 7.4 million metric tons emitted running its mills and logging equipment, fertilizing, distributing wood products and down the supply chain to home builders. Industry critics are not happy with this.

WY 4Q22 CC slides:

https://investor.weyerhaeuser.com/download/WY+Q4+2022+Earnings+web+slides.pdf

WY reports 4Q22 results—issues 1Q23 guidance:

https://finance.yahoo.com/news/weyerhaeuser-reports-fourth-quarter-full-214500048.html

WY pre-announced in October that 4Q22 would be a rough quarter (#msg-170308481).

WY declares $0.90/sh supplemental dividend—bringing total 2022-related dividend payouts to $1.62 ($0.90 + 4x$0.18):

https://finance.yahoo.com/news/weyerhaeuser-company-declares-supplemental-dividend-220000320.html

At the current share price ($33.95), the $1.62 payout is a yield of 4.8%.

The $1.62 figure is a sharp decline from the $2.63 WY paid out for 2021-related dividends (#msg-167671544). The lower payout reflects the company’s weaker profits in 2022 vs 2021, especially in the fourth quarter (#msg-171046615).

WY expects a rough 4Q22:

https://finance.yahoo.com/news/weyerhaeuser-reports-third-quarter-results-201500408.html [Timberlands Segment] Q4 2022 Outlook –Weyerhaeuser anticipates fourth quarter earnings and Adjusted EBITDA will be significantly lower than third quarter 2022.

…[Wood Products Segment] Q4 2022 Outlook –Weyerhaeuser anticipates fourth quarter earnings and Adjusted EBITDA will be lower than third quarter 2022, excluding the effect of changes in average sales realizations for lumber and oriented strand board. 3Q22 CC slides:
https://investor.weyerhaeuser.com/download/WY+Q32022+Earnings+web+slides.pdf

WY 2Q22 results:

https://finance.yahoo.com/news/weyerhaeuser-reports-second-quarter-results-070500719.html

WY is no PCL:

PCL, which was a pure-play timberlands company, was a fine inflation hedge. On the other hand, WY (which acquired PCL in an all-stock deal in 2015) is no such thing. In 1Q22, only 15% of WY’s EBITDA came from its timberlands segment. The remaining 85% of 1Q22 EBITDA came from: lumber and other manufactured wood products (77%); and real-estate/energy (7%).

For the trailing four quarters (i.e. 2Q21-1Q22), the EBITDA breakdown was essentially the same as in 1Q22: timberlands 16%; lumber and manufactured wood products (77%); and real-estate/energy (7%).

See slide #23 at: https://investor.weyerhaeuser.com/download/WY+Q1+2022+Earnings+web+slides.pdf

All told, WY is a essentially a taxable manufacturing company that is structured as an REIT at the parent-company level. As such, it’s more of a bet on the US housing market than a timber-based inflation hedge.

WY 1Q22 results…

PR:
https://investor.weyerhaeuser.com/2022-04-29-Weyerhaeuser-reports-first-quarter-results

CC slides:
https://investor.weyerhaeuser.com/download/WY+Q1+2022+Earnings+web+slides.pdf

WY declares supplemental dividend of $1.45—bringing 12-month cumulative dividend to $2.63:

https://investor.weyerhaeuser.com/2022-01-28-Weyerhaeuser-Company-Declares-Supplemental-Dividend-on-Common-Shares

--
4Q21 PR:
https://investor.weyerhaeuser.com/2022-01-28-Weyerhaeuser-Reports-Fourth-Quarter,-Record-Full-Year-Results

CC slides:
https://investor.weyerhaeuser.com/download/WY+Q4+2021+Earnings+Web+Slides.pdf

You might want to consider real money!