Chaney to replace Keith O'Rear, who is retiring after 36 years with the company SEATTLE, May 13, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the appointment of Brian Chaney as senior vice president of Wood Products, effective June 3, 2024. Chaney currently serves as vice president of Engineered Wood Products and Innovation for the company, and he will take over for Keith O'Rear, who is retiring from his role on June 3 and will serve as a strategic advisor to the company through the ...

SEATTLE, May 9, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced that its board of directors declared a quarterly base cash dividend of $0.20 per share on the common stock of the company, payable in cash on June 14, 2024, to holders of record of such common stock as of the close of business on May 31, 2024. 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 ...

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 MARCH 31, 2024 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 o ...

Weyerhaeuser Company (NYSE:WY) Q1 2024 Earnings Conference Call April 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 George Staphos - Bank of America Susan Maklari - Goldman Sachs Hamir Patel - CIBC Capital Markets Mark Weintraub - Seaport Research Partners Ketan Mamtora - BMO Capital Markets Kurt Yinger - D.A. Davidson Anthony Pettinari - Citibank Matthew McKellar - RBC Capital Markets Mike Roxland - T ...

Weyerhaeuser Company’s (WY) shares increased 2.7% in the after-hours trading session on Apr 25 after it reported mixed results for first-quarter 2024. Its earnings beat the Zacks Consensus Estimate but net sales missed the same.On a year-over-year basis, both metrics declined due to lower fee harvest volumes in the West, a decrease in domestic sales volumes as well as sales realizations accompanied by increased lumber manufacturing and raw materials costs. Also, export sales volumes were softer, especially ...

Weyerhaeuser (WY) reported $1.8 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.5%. EPS of $0.16 for the same period compares to $0.21 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of -2.27%. The company delivered an EPS surprise of +6.67%, with the consensus EPS estimate being $0.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Weyerhaeuser (WY) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.14 per share when it actually produced earnings of $0.16, delivering a surprise of 14.29%.Over the last four qu ...

Achieved net earnings of $114 million, or $0.16 per diluted share Generated Adjusted EBITDA of $352 million, a 10 percent increase compared with fourth quarter 2023 Increased quarterly base dividend by 5.3 percent Enhanced our carbon capture and sequestration business with exploration agreement across five potential sites in the U.S. South SEATTLE, April 25, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today reported first quarter net earnings of $114 million, or 16 cents per diluted share, on net ...

Financial Performance - Net sales for Q1 2024 were $1,796 million, a 1.2% increase from Q4 2023 and a 4.8% decrease from Q1 2023[1] - Gross margin for Q1 2024 was $355 million, representing a 3.8% increase from Q4 2023 but a 4.5% decrease from Q1 2023[1] - Operating income for Q1 2024 was $196 million, down 29.5% from Q4 2023 and down 16.9% from Q1 2023[1] - Net earnings for Q1 2024 were $114 million, a 47.9% decrease from Q4 2023 and a 24.5% decrease from Q1 2023[1] - Adjusted EBITDA for Q1 2024 was $352 million, a 9.7% increase from Q4 2023 but a 10.9% decrease from Q1 2023[3] - Earnings per share (diluted) for Q1 2024 was $0.16, down from $0.30 in Q4 2023 and $0.21 in Q1 2023[2] Assets and Liabilities - Total current assets decreased to $2,111 million in Q1 2024 from $2,313 million in Q4 2023[8] - Total liabilities decreased to $6,702 million in Q1 2024 from $6,747 million in Q4 2023[8] Cash Flow - Cash flows from operations for Q1 2024 were $124 million, down from $288 million in Q4 2023[9] Segment Performance - Total net sales in the Timberlands segment for Q1 2024 were $521 million, a decrease of 2.4% from Q4 2023 and a decrease of 13.8% from Q1 2023[10] - Net sales in the Real Estate segment for Q1 2024 increased to $83 million, up 113% from Q4 2023's $39 million[19] - Operating income in the Wood Products segment for Q1 2024 was $128 million, representing a 7.6% increase from Q4 2023's $119 million[21] - The gross margin for the Energy and Natural Resources segment in Q1 2024 was $66 million, an increase of 10% from Q1 2023's $60 million[16] Capital Expenditures - Cash spent for capital expenditures in the Wood Products segment was $155 million in Q4 2023, compared to $42 million in Q1 2024[24] Pricing and Sales Metrics - The price per acre in the Real Estate segment increased to $4,202 in Q1 2024, up 15.8% from $3,629 in Q4 2023[19] - Total net sales for the company in Q1 2024 were $1,302 million, unchanged from Q4 2023[21] Special Items and Working Capital - Special items included in net contribution to earnings for Q4 2023 totaled $(109) million, primarily due to a gain on the sale of timberlands[12] - The total decrease in working capital for Q4 2023 was $(45) million, compared to an increase of $8 million in Q1 2024[13]

Weyerhaeuser Company (WY) is slated to report first-quarter 2024 results on Apr 25, after the closing bell.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 14.3% but net sales missed the same by 4%. Quarterly adjusted earnings and net sales for the quarter decreased 2.7% and 33.3%, 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 35.4%.Trend in Estimate RevisionThe ...