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Weyerhaeuser to Release Third Quarter Results on October 24
Prnewswire· 2024-09-26 20:30
Webcast and conference call on October 25 at 7 a.m. PT (10 a.m. ET)SEATTLE, Sept. 26, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) will release third quarter 2024 results on Thursday, October 24, after the market closes. The company will then hold a live webcast and conference call the following day, on Friday, October 25, at 7 a.m. Pacific (10 a.m. Eastern), to discuss the results.To access the news release, live webcast and presentation online, visit the Investor Relations section on www.weyerhaeu ...
Weyerhaeuser and The Nature Conservancy Announce Joint Effort to Increase Focus on the Power of Forests to Fight Climate Change
Prnewswire· 2024-09-17 20:30
Collaboration will highlight and advance the role of climate-smart forestry in mitigating climate changeSEATTLE, Sept. 17, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) and The Nature Conservancy (TNC) today announced a multiyear collaboration to further the scientific understanding of how forests and forest products contribute to climate mitigation. The joint effort brings together one of the world's largest private owners of timberlands with one of the world's largest conservation organizations to ...
Weyerhaeuser(WY) - 2024 Q2 - Quarterly Report
2024-07-26 20:15
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, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Address of principal executive offices) (Zip Code) (206) 539-3000 (Registrant's telephone number, including area code) 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 WEYERHAEU ...
Weyerhaeuser's (WY) Q2 Earnings & Net Sales Miss Estimates
ZACKS· 2024-07-26 17:36
Weyerhaeuser Company’s (WY) shares dropped slightly by 0.2% in the after-hours trading session on Jul 25 after it reported weak results for second-quarter 2024.The company’s earnings and net sales missed the Zacks Consensus Estimate. On a year-over-year basis, both metrics declined due to the challenging lumber market affected by lower sales.Yet, during the second quarter, Weyerhaeuser demonstrated resilience despite ongoing challenges in the lumber market. Key driving factors included significant improveme ...
Weyerhaeuser(WY) - 2024 Q2 - Earnings Call Transcript
2024-07-26 17:32
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 ...
Compared to Estimates, Weyerhaeuser (WY) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-07-25 23:31
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) Q2 Earnings and Revenues Lag Estimates
ZACKS· 2024-07-25 22:41
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 ...
Weyerhaeuser Reports Second Quarter 2024 Results
Prnewswire· 2024-07-25 20:25
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(WY) - 2024 Q2 - Quarterly Results
2024-07-25 20:15
Weyerhaeuser Company Exhibit 99.2 | | Q1 | | Q2 | | | | Year-to-Date | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 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 sales | | 1,441 | | 1,535 | | 1,528 | 2,976 | 3,040 | | Gross margin | | 355 | | 404 | | 469 | 759 | 838 | | Selling expenses | | 22 | | 22 | | 22 | 44 | 44 | | General and admini ...
Weyerhaeuser Acquiring High-Quality Timberlands in Alabama
Prnewswire· 2024-07-25 20:10
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 ...