Weyerhaeuser Co Price, Forecast, Insider, Ratings, Fundamentals & Signals

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 sales of $1.8 billion. this compares with net earnings of $151 million, or 21 cents per diluted share, on net sales of $1.9 billion for the same period last year and net earnings of $219 million for fourth quarter 2023.

Webcast and conference call on april 26 at 7 a.m. pt (10 a.m.

Exclusive two-year agreement covers 187,500 acres across arkansas, louisiana and mississippi seattle , feb. 27, 2024 /prnewswire/ -- weyerhaeuser company (nyse: wy) and lapis energy lp ("lapis") announced today the execution of an exclusive exploration agreement for subsurface carbon dioxide sequestration in arkansas, louisiana and mississippi. the agreement covers 187,500 acres of subsurface rights owned by weyerhaeuser and spans five potential sequestration sites, including two locations that were previously identified by weyerhaeuser as prospective opportunities for carbon capture and sequestration (ccs) development.

Seattle , feb. 15, 2024 /prnewswire/ -- devin stockfish, president and chief executive officer of weyerhaeuser company (nyse: wy), will represent the company at two upcoming investor conferences. stockfish is scheduled to present at the raymond james 45th annual institutional investors conference in orlando, florida, on monday, march 4, 2024, at 1:05 p.m.

National partnership with be pro be proud will teach students about career opportunities in the forest products industry seattle , feb. 13, 2024 /prnewswire/ -- weyerhaeuser company today announced a national partnership with be pro be proud, an initiative led by the arkansas state chamber of commerce and the associated industries of arkansas (ascc/aia) to raise awareness among middle- and high-school students for career paths in the skilled workforce, including opportunities in forestry and the forest products industry. through the partnership, weyerhaeuser will support be pro be proud's educational outreach and recruiting activities, which include tours, mobile workshops and learning modules designed to give students both virtual and hands-on experiences with careers in skilled trades, as well as annual "draft days" that match high-school seniors with prospective employers for job interviews.

The first-quarter 2024 results of Weyerhaeuser (WY) portray lower fee harvest volumes, a decrease in domestic sales volumes along with high lumber manufacturing and raw materials costs.

While the top- and bottom-line numbers for Weyerhaeuser (WY) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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.

Weyerhaeuser's (WY) first-quarter results are likely to reflect weaker-than-expected contributions from the Wood Products segment.

Webcast and conference call on April 26 at 7 a.m. PT (10 a.m.

Weyerhaeuser (WY) is set to gain from more capital inflows for carbon/ESG-related projects, operational excellence and housing improvement. Yet, high costs and lumber market swing hurt.

Timber pricing in the U.S. has not kept up with inflation due to oversupply, while lumber prices have risen significantly. Timber REITs have seen weak profitability from timber segments, but strong profit margins from wood products. The timber and timberland sector is transitioning from a decade of oversupply to long-term undersupply, driven by new sources of demand such as solar conversions and carbon capture.

Weyerhaeuser (WY) enters into an exclusive carbon sequestration exploration agreement with Lapis Energy for two years to focus on its climate solutions portfolio.

Tips are provided on reducing taxes on investment income using REITs. REIT dividends are taxed differently than dividends from standard C-Corps, potentially resulting in lower taxes. Different REITs have varying dividend classifications, with some offering more tax-friendly options like return of capital dividends.

SEATTLE , Feb. 15, 2024 /PRNewswire/ -- Devin Stockfish, president and chief executive officer of Weyerhaeuser Company (NYSE: WY), will represent the company at two upcoming investor conferences. Stockfish is scheduled to present at the Raymond James 45th Annual Institutional Investors Conference in Orlando, Florida, on Monday, March 4, 2024, at 1:05 p.m.