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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO ______ COMMISSION FILE NUMBER: 1-4825 WEYERHAEUSER COMPANY (Exact name of registrant as specified in its charter) Washington 91-0470860 (State or other jurisdiction of ...

Financial Data and Key Metrics Changes - Weyerhaeuser reported Q1 2023 GAAP earnings of $151 million or $0.21 per diluted share on net sales of $1.9 billion, with adjusted EBITDA of $395 million, a 7% increase over Q4 2022 [4][15] - The company ended the quarter with approximately $800 million in cash and cash equivalents and total debt of approximately $5 billion, maintaining a strong balance sheet and liquidity position [15][16] Business Line Data and Key Metrics Changes - Timberlands contributed $120 million to Q1 earnings with adjusted EBITDA of $188 million, a 25% increase compared to Q4 [4][5] - Real Estate, Energy, and Natural Resources contributed $53 million to Q1 earnings and $89 million to adjusted EBITDA, with a significant increase in real estate acres sold [9] - Wood Products generated $95 million in earnings and $148 million in adjusted EBITDA, a 25% reduction from Q4, primarily due to softening wood products pricing [10][12] Market Data and Key Metrics Changes - In the Western domestic market, log demand and pricing faced downward pressure at the start of Q1, but log consumption increased as end market demand improved [5][6] - In China, log inventories at ports declined, and daily takeaway increased, leading to significantly higher sales volumes compared to Q4 [7] - The Japanese log market softened due to elevated inventories of European lumber imports and lower consumption [6][20] Company Strategy and Development Direction - The company remains focused on operational excellence and returning cash to shareholders, having increased its base dividend by 5.6% [16][30] - Weyerhaeuser anticipates a challenging housing market in 2023 but maintains a positive long-term view on housing fundamentals supported by strong demand and favorable demographic trends [27][30] Management's Comments on Operating Environment and Future Outlook - Management noted improvements in home builder sentiment and new home sales, indicating a better-than-expected housing market [27] - The company expects Q2 earnings and adjusted EBITDA for timberlands to be approximately $20 million lower than Q1 due to market dynamics [19][23] - Management expressed optimism about the long-term growth trajectory of the Natural Climate Solutions business, despite current project timelines being impacted by third-party audits [38][40] Other Important Information - The company returned $139 million to shareholders through dividends and $660 million through supplemental dividends in Q1 [16] - Capital expenditures for the quarter were $71 million, consistent with typical first-quarter levels [15] Q&A Session Summary Question: Trends in Southern log prices - Management noted regional differences in southern sawlog pricing, with the Atlantic coast showing stronger market dynamics compared to inland regions [33][34] Question: Update on Natural Climate Solutions - Management reported increasing interest in Natural Climate Solutions, with optimism about growth despite challenges in project timelines [37][38] Question: Capital allocation approach for share purchases - Management emphasized a disciplined approach to capital allocation, balancing share repurchases with other investment opportunities [42][44] Question: DIY segment demand outlook - Management indicated solid demand in the DIY segment, with expectations for a strong year relative to pre-pandemic levels [47][48] Question: EWP business profitability outlook - Management expressed confidence in the EWP business, anticipating increased production and improved order activity as the housing market recovers [55][57] Question: OSB pricing dynamics - Management clarified that the lag in pricing realization is due to the timing of order files, affecting both upward and downward price movements [69][70] Question: Net position on saw logs - Management confirmed a net long position in saw timber, with 40% to 50% of logs sourced from internal mills and the remainder from third parties [72][74]

2023 EARNINGS RESULTS F I R S T 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 ...