Investors are always looking for stocks that are poised to beat at earnings season and Weyerhaeuser Company (WY) , may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Northrop Grumman is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pre ...

Weyerhaeuser Company (WY) is slated to report fourth-quarter 2023 results on Jan 25, after the closing bell.In the last reported quarter, the company’s earnings met the Zacks Consensus Estimate and net sales missed the same by 4.4%. Quarterly adjusted earnings and net sales for the quarter decreased 21.4% and 11.2%, respectively.Weyerhaeuser’s earnings beat the consensus mark in all the last four quarters, with the average surprise being 40.2%.Trend in Estimate RevisionThe Zacks Consensus Estimate for the t ...

In its upcoming report, Weyerhaeuser (WY) is predicted by Wall Street analysts to post quarterly earnings of $0.15 per share, reflecting a decline of 37.5% compared to the same period last year. Revenues are forecasted to be $1.86 billion, representing a year-over-year increase of 1.8%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 9.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during t ...

Group 1 - Weyerhaeuser Company announced the Habitat for Humanity Innovation Challenge to promote sustainable wood products in home-building, with six U.S. Habitat affiliates participating [1][2] - Each selected Habitat affiliate will receive $15,000 to implement their innovative design ideas aimed at increasing access to affordable homes [1][2] - The challenge focuses on innovative uses of wood products, including offsite construction, construction methods, use of wood waste, and disaster preparedness [2] Group 2 - Weyerhaeuser is committed to ensuring access to quality, sustainably built homes as part of its 3 by 30 Sustainability Ambitions [2] - The company manages approximately 11 million acres of timberlands in the U.S. and is one of the largest manufacturers of wood products in North America [3] - In 2022, Weyerhaeuser generated $10.2 billion in net sales and employed around 9,200 people [3] Group 3 - The participating Habitat affiliates include: Habitat for Humanity Tucson, Habitat for Humanity of the Northern Flint Hills, New Orleans Area Habitat for Humanity, Genesee County Habitat for Humanity, Central Minnesota Habitat for Humanity, and Habitat for Humanity Sanford Area [4]

Lumber prices have made a slow recovery in the past few months as the housing sector remains strong despite high-interest rates. Data by TradingView shows that lumber has recovered from last year’s low of $357.35 to $530. A separate figure by Barchart reveals that the lumber spot price stands at $555.Lumber prices could keep risingCopy link to sectionMost importantly, there are signs that investors expect lumber prices will remain at an elevated level for a while. As shown below, lumber futures for March 20 ...

Juanmonino Lumber is an essential industrial commodity that is a critical ingredient in infrastructure building. Moreover, lumber is a crucial commodity for new home construction. Therefore, lumber prices follow interest rates that determine the mortgage rates that either support or inhibit new home construction. The 2020 global pandemic unleashed a tidal wave of central bank liquidity and government stimulus, sending interest rates to record lows. In late 2021, a 30-year conventional fixed-rate mortgage wa ...

Weyerhaeuser Company (NYSE:WY) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET Company Participants Andy Taylor - Vice President of Investor Relations Devin Stockfish - President and CEO David Wold - Senior Vice President and Chief Financial Officer Conference Call Participants George Staphos - Bank of America Merrill Lynch Kurt Yinger - D.A. Davidson Anthony Pettinari - Citi Susan Maklari - Goldman Sachs Michael Roxland - Truist Securities Paul Quinn - RBC Capital Markets Mark Weintraub - Sea ...

2023 EARNINGS RESULTS T H I R D Q U A R T E R 2 0 2 3 FORWARD-LOOKING STATEMENTS This presentation contains statements concerning the company's future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, with respect to: future cash dividends, dividend framework and target percentage return to shareholders of Adjusted Funds Available for Distribution (Adjusted FAD) through cash dividends and/or s ...

PART I – FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20FINANCIAL%20STATEMENTS) The company's quarterly and nine-month financial statements show a decline in net sales and earnings year-over-year [Consolidated Statement of Operations](index=3&type=section&id=CONSOLIDATED%20STATEMENT%20OF%20OPERATIONS) Third quarter and year-to-date results show decreased net sales and net earnings compared to the prior year Consolidated Statement of Operations Highlights (in millions, except per-share figures) | Metric | Q3 2023 | Q3 2022 | YTD 2023 | YTD 2022 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $2,022 | $2,276 | $5,900 | $8,361 | | **Operating income** | $353 | $457 | $908 | $2,848 | | **Net earnings** | $239 | $310 | $620 | $1,869 | | **Earnings per share, diluted** | $0.33 | $0.42 | $0.85 | $2.51 | [Consolidated Balance Sheet](index=5&type=section&id=CONSOLIDATED%20BALANCE%20SHEET) Total assets slightly increased while total equity decreased, with a notable rise in long-term debt Balance Sheet Summary (in millions) | Account | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **Total Current Assets** | $3,016 | $2,746 | | **Total Assets** | $17,550 | $17,340 | | **Total Current Liabilities** | $1,686 | $1,740 | | **Long-term debt, net** | $4,818 | $4,071 | | **Total Liabilities** | $7,322 | $6,591 | | **Total Equity** | $10,228 | $10,749 | [Consolidated Statement of Cash Flows](index=6&type=section&id=CONSOLIDATED%20STATEMENT%20OF%20CASH%20FLOWS) Net cash from operations significantly decreased year-over-year, driven by lower net earnings Year-to-Date Cash Flow Summary (in millions) | Cash Flow Activity | YTD Sep 2023 | YTD Sep 2022 | | :--- | :--- | :--- | | **Net cash from operations** | $1,145 | $2,665 | | **Net cash from investing activities** | $(982) | $(530) | | **Net cash from financing activities** | $(571) | $(2,214) | | **Net change in cash** | $(408) | $(79) | [Notes to Consolidated Financial Statements](index=9&type=section&id=NOTES%20TO%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) Notes detail segment performance, share repurchases, debt issuance, and a recent timberland acquisition - The company's business is organized into three segments: Timberlands, Real Estate & ENR, and Wood Products, with **Wood Products being the largest segment by sales** at **$4.36 billion** YTD 2023[21](index=21&type=chunk) - Year-to-date 2023, the company repurchased **3.56 million common shares for approximately $110 million**, with **$267 million remaining authorized** for future repurchases[30](index=30&type=chunk) - In May 2023, the company issued **$750 million of 4.750% notes** due in 2026 and repaid **$118 million of 7.125% notes** at maturity in July 2023[38](index=38&type=chunk) - On July 19, 2023, the company acquired **22,000 acres of Mississippi timberlands for approximately $60 million**[55](index=55&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=16&type=section&id=Item%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS%20(MD&A)) Management discusses declining performance due to the Wood Products segment and maintains a strong liquidity position [Economic and Market Conditions](index=17&type=section&id=ECONOMIC%20AND%20MARKET%20CONDITIONS%20AFFECTING%20OUR%20OPERATIONS) Performance is tied to U.S. housing, which is affected by higher mortgage rates and volatile wood product prices - U.S. housing starts for Q3 2023 averaged **1.36 million units**, a **6.2% decrease from Q2 2023**, though single-family starts increased **3.4%**[62](index=62&type=chunk) - The Random Lengths Framing Lumber Composite price averaged **$438/MBF** in Q3 2023, while the OSB Composite averaged **$540/MSF**[64](index=64&type=chunk) - 30-year mortgage rates increased from **6.7% at the end of Q2 2023 to 7.3% at the end of Q3 2023**, impacting housing affordability[67](index=67&type=chunk) [Consolidated Results](index=18&type=section&id=CONSOLIDATED%20RESULTS) Consolidated net sales and earnings declined in Q3 and year-to-date, driven by the Wood Products segment Consolidated Results Summary (in millions) | Metric | Q3 2023 | Q3 2022 | YTD 2023 | YTD 2022 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $2,022 | $2,276 | $5,900 | $8,361 | | **Operating income** | $353 | $457 | $908 | $2,848 | | **Net earnings** | $239 | $310 | $620 | $1,869 | - The Q3 2023 net sales decrease of **$254 million** was primarily due to a **$230 million decrease** in Wood Products sales[73](index=73&type=chunk) - The YTD 2023 net sales decrease of **$2,461 million** was mainly driven by a **$2,272 million decrease** in Wood Products sales and a **$162 million decrease** in Timberlands sales[77](index=77&type=chunk) [Business Segment Results](index=19&type=section&id=BUSINESS%20SEGMENT%20RESULTS) The Wood Products and Timberlands segments saw earnings decline, while the Real Estate & ENR segment improved Net Contribution to Earnings by Segment (in millions) | Segment | Q3 2023 | Q3 2022 | YTD 2023 | YTD 2022 | | :--- | :--- | :--- | :--- | :--- | | **Timberlands** | $78 | $107 | $302 | $442 | | **Real Estate & ENR** | $56 | $48 | $161 | $194 | | **Wood Products** | $277 | $344 | $590 | $2,389 | - **Timberlands:** Q3 net sales to unaffiliated customers **decreased 14% YoY**, primarily due to a **25% decrease** in Western log sales realizations[82](index=82&type=chunk) - **Real Estate & ENR:** Q3 net sales **increased 54% YoY**, driven by a significant increase in acres sold, though the average price per acre was lower[91](index=91&type=chunk)[97](index=97&type=chunk) - **Wood Products:** Q3 net sales **decreased 13% YoY**, led by a **$106 million drop** in structural lumber sales due to lower prices and volumes[99](index=99&type=chunk) [Liquidity and Capital Resources](index=25&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) The company maintains strong liquidity with significant cash, investments, and credit availability - As of September 30, 2023, the company had **$1.2 billion in cash**, **$668 million in short-term investments**, and **$1.5 billion of availability** on its credit line[113](index=113&type=chunk) - Net cash from operations **decreased by $1,520 million year-over-year** for the nine-month period, primarily due to lower cash inflows from business operations[114](index=114&type=chunk) - Anticipated capital expenditures for the full year 2023 are approximately **$440 million**[116](index=116&type=chunk) [Performance Measures](index=26&type=section&id=PERFORMANCE%20MEASURES) Adjusted EBITDA and net earnings per share before special items both declined significantly year-over-year Adjusted EBITDA by Segment (in millions) | Segment | Q3 2023 | Q3 2022 | YTD 2023 | YTD 2022 | | :--- | :--- | :--- | :--- | :--- | | **Timberlands** | $143 | $168 | $503 | $634 | | **Real Estate & ENR** | $94 | $60 | $253 | $283 | | **Wood Products** | $328 | $395 | $746 | $2,540 | | **Total Adjusted EBITDA** | **$509** | **$583** | **$1,373** | **$3,285** | Net Earnings per Diluted Share Before Special Items | Period | 2023 | 2022 | | :--- | :--- | :--- | | **Quarter Ended September 30** | $0.33 | $0.42 | | **Year-to-Date Ended September 30** | $0.86 | $2.79 | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=28&type=section&id=Item%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company details its long-term fixed-rate debt obligations, totaling $5.725 billion in principal Summary of Long-Term Debt (as of Sep 30, 2023) | Metric | Value (in millions) | | :--- | :--- | | **Total Principal** | $5,725 | | **Fair Value** | $5,434 | | **Weighted Avg. Interest Rate** | 5.24% | [Item 4. Controls and Procedures](index=29&type=section&id=Item%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that disclosure controls and internal controls over financial reporting were effective - The company's principal executive officer and principal financial officer concluded that **disclosure controls and procedures were effective** as of September 30, 2023[138](index=138&type=chunk) - **No material changes** occurred in the company's internal control over financial reporting during the year-to-date period[139](index=139&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=29&type=section&id=Item%201.%20LEGAL%20PROCEEDINGS) The company is not involved in any legal proceedings expected to have a material adverse effect - Management does not believe any current legal proceeding could have a **material adverse effect** on the company's financial statements[44](index=44&type=chunk) [Item 1A. Risk Factors](index=29&type=section&id=Item%201A.%20RISK%20FACTORS) No material changes to risk factors have been reported since the 2022 Annual Report on Form 10-K - **No material changes** to risk factors were reported since the 2022 Annual Report on Form 10-K[141](index=141&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=29&type=section&id=Item%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) The company repurchased approximately $25 million of its common stock during the third quarter of 2023 Q3 2023 Share Repurchases | Metric | Value | | :--- | :--- | | **Total Shares Purchased** | 757,510 | | **Average Price Paid per Share** | $32.67 | | **Total Cost (approx.)** | $25 million | | **Remaining Authorization** | $267 million | [Item 5. Other Information](index=30&type=section&id=Item%205.%20OTHER%20INFORMATION) Two company officers, including the CEO, adopted Rule 10b5-1 trading plans during the third quarter - Two company officers, including the CEO, adopted **Rule 10b5-1 trading plans** during Q3 2023[144](index=144&type=chunk)[145](index=145&type=chunk) [Item 6. Exhibits](index=31&type=section&id=Item%206.%20EXHIBITS) This section lists all exhibits filed with the Form 10-Q, including certifications and XBRL data [Signatures](index=32&type=section&id=SIGNATURES) The report is duly signed by the Senior Vice President and Chief Financial Officer on October 27, 2023

Weyerhaeuser Company (NYSE:WY) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET Company Participants Andy Taylor - Vice President of Investor Relations Devin Stockfish - President and CEO David Wold - Senior Vice President and Chief Financial Officer Conference Call Participants George Staphos - Bank of America Kurt Yinger - D.A. Davidson Susan Maklari - Goldman Sachs Mark Weintraub - Seaport Research Partners Anthony Pettinari - Citi Paul Quinn - RBC Capital Markets Ketan Mamtora - BMO Capital Ma ...