Weyerhaeuser Company (NYSE:WY) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Andy Taylor - VP, IR Devin Stockfish - President and CEO David Wold - SVP and CFO Conference Call Participants Susan Maklari - Goldman Sachs George Staphos - Bank of America Merrill Lynch Amir Patel - CIBC Capital Markets Kurt Yinger - D.A. Davidson Mike Roxland - Truist Securities Ketan Mamtora - BMO Capital Markets Matthew McKellar - RBC Capital Markets Mark Weintraub - Seaport Research Partners ...

For the quarter ended June 2024, Weyerhaeuser (WY) reported revenue of $1.94 billion, down 2.9% over the same period last year. EPS came in at $0.21, compared to $0.32 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.01 billion, representing a surprise of -3.51%. The company delivered an EPS surprise of -4.55%, with the consensus EPS estimate being $0.22.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Weyerhaeuser (WY) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.55%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.15 per share when it actually produced earnings of $0.16, delivering a surprise of 6.67%.Over the last four qu ...

SEATTLE, July 25, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today reported its second quarter 2024 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 ...

Weyerhaeuser Company Exhibit 99.2 Q2.2024 Analyst Package Preliminary results (unaudited) Consolidated Statement of Operations | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------|-----------|----------|----------|-------|----------|----------| | | Q1 | | | | | | | | March 31, | June 30, | June 30, | | June 30, | June 30, | | in millions | 2024 | 2024 | 2023 | | 2024 | 2023 | | Net sales | $ 1,796 | $ 1,939 | 1,997 | $ | 3,735 $ | 3,878 | | Costs of sa ...

Bolt-on additions will further enhance Southern Timberlands portfolio and expand footprint in attractive markets SEATTLE, July 25, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced acquisitions totaling 84,300 acres of high-quality timberlands in Alabama for $244 million. Secured through multiple transactions, the collective acreage is comprised of mature, highly productive timberlands that are well-integrated with existing Weyerhaeuser operations. Additionally, the acquisitions are expec ...

Weyerhaeuser Company (WY) is slated to report second-quarter 2024 results on Jul 25, after the closing bell.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 6.7% but net sales missed the same by 2.3%. Quarterly adjusted earnings and net sales for the quarter decreased 23.8% and 4.5%, respectively.Weyerhaeuser’s earnings beat the consensus mark in three of the last four quarters and met on one occasion, with the average surprise being 18.3%.Trend in Estimate RevisionT ...

Weyerhaeuser (WY) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 25, 2024, might help the stock move higher if these key numbers are better than expecta ...

Raymond, Wash., named second community to receive multi-year investment through the company's THRIVE ProgramSEATTLE, July 16, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced a commitment to invest $1 million in Raymond, Wash., through the company's THRIVE program, which was launched in 2023 to provide targeted assistance to five of its rural operating communities. Through the program, Weyerhaeuser will make the investment over the next several years with significant input from elected o ...

Melena-NskLumber may be the most illiquid commodity futures market, but it's still a critical industrial raw material with the highest correlation to interest rates. All commodities are rate sensitive. Higher rates increase the cost of carrying inventories, causing prices to fall, reflecting declining demand. Lower rates encourage buying as consumers can stockpile supplies with attractive financing rates. Lumber is a market that exacerbates the relationship as it's a primary material in new home buildin ...