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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.
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.
Weyerhaeuser (WY) partners with Be Pro Be Proud, an initiative led by ASCC/AIA, to educate students on the available work opportunities in forestry and the forest products industry.