WY Stock Recent News
WY LATEST HEADLINES
Physical lumber futures have been trading around the $500 per 1,000 board feet level since early August 2023. Lumber prices have experienced a significant correction from the 2021 and 2022 highs but remain above the pre-2018 all-time peak. Lumber is highly sensitive to interest rates, and stable rates in 2024 could cause another rally in wood prices and benefit Weyerhaeuser Company shares.
Webcast and conference call on October 27 at 7 a.m. PT (10 a.m.
Weyerhaeuser (WY) secures approval for its first Improved Forest Management (IFM) carbon credit project in Maine.
Single family housing conditions are picking up, but the remodeling market is faltering. WY's EWP segment looks poised to have another resilient quarter, although the export market could be weak. WY offers decent EBITDA growth relative to its peers and is priced at a significant discount.
Weyerhaeuser Company (NYSE:WY ) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET Company Participants Andy Taylor - Vice President of Investor Relations Devin Stockfish - President and CEO David Wold - Senior Vice President and Chief Financial Officer Conference Call Participants George Staphos - Bank of America Kurt Yinger - D.A. Davidson Susan Maklari - Goldman Sachs Mark Weintraub - Seaport Research Partners Anthony Pettinari - Citi Paul Quinn - RBC Capital Markets Ketan Mamtora - BMO Capital Markets Michael Roxland - Truist Securities Operator Greetings, and welcome to the Weyerhaeuser Second Quarter 2023 Earnings Conference Call.
Weyerhaeuser's (WY) second-quarter 2023 results reflect lower year-over-year segmental results but improved sequential results.
The headline numbers for Weyerhaeuser (WY) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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